Expedia Announces 4Q Results
FEBRUARY 16, 2006. Expedia has announced financial results for its fourth quarter and year ended December 31, 2005.
"Despite a fiercely competitive environment, headwinds in the hotel and airline industries and a mid-year spin-off, Expedia, Inc. delivered meaningful bookings, earnings and free cash flow for its stockholders in 2005," said Expedia, Inc. Chairman and Senior Executive Barry Diller. "The Company approaches its second decade of operations with a solid foundation-a complementary portfolio of industry-leading brands, a broad and growing geographic footprint and an experienced, energized and focused management team."
"While the fourth quarter wasn't as strong as we hoped it would be, The Expedia(R) Promise, Best Price Guarantee and Expedia(R) Trip Guides are fitting additions to what was a solid operational and financial year," said Dara Khosrowshahi, Expedia, Inc.'s CEO and President. "These innovations are just the latest signposts marking Expedia's multi-year evolution from efficient transaction engine to world class retailer of travel products and services. We are investing to transform the way travelers plan, purchase and enjoy their trips - again."
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