Expedia's Q3 "Did Not Play Out As Planned"

Published: Nov. 12, 2019, 1 p.m.

Expedia's Q3 "did not play out as planned," CEO Mark Okerstrom stated. The group's net income dropped 22% YoY, and the company blamed an "incremental weakness in SEO volumes" (likely due to Google's recent changes in its algorithm), "and a related shift to high-cost marketing channels." The stock sank.