
Expedia Inc reported quarterly revenue that missed Wall Street estimates and a profit that was hurt by rising costs. The company said its Expedia brand underperformed in the quarter as a rise in airfares resulted in fewer airline tickets being sold.
Expedia, Inc. announced on 9 Feb financial results for its fourth quarter and year ended December 31, 2011.- Total room night growth of 19% in the fourth quarter 2011 represented accelerated growth compared to 17% room night growth reported for the third quarter 2011 as a result of faster growth in both the APAC and Americas regions.- Free cash flow increased 32% to $618 million for the year due to strength in its merchant hotel business.- During the quarter, it repurchased 3.1 million shares on a pre-reverse split basis for $83 million. For the year, it repurchased 10.6 million shares on a pre-reverse split basis for $283 million.