Expedia’s Stock Grows By 4.23% Despite Q1 2020 Revenue Loss

COVID-19 lockdown tanked travel industry which consists of hotels, restaurants, airlines, and of course, online booking platforms. As Expedia Group’s Q1 2020 earnings lose 47.58% while the revenue decreases by 15% compared to a year ago report. According to Expedia.com, gross booking fell by 39% but total expenses also changed negatively with 6%.

The Q1 2020 assets decreased slightly from $21,416,000 to $20,417,000. Meanwhile, total current liabilities fell by $1,106,000 and total cash grew from $3,315,000 to $3,905,000. Despite most of the negative changes that represent fear to potential investors the stock has kept growing since March 18. The significant rise by $13 occurred on May 18 and now trades at $79.58.

Most of the countries are opening their tourism-related industries to recover a huge loss since major March lockdown.

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Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life