Stock Market anomaly | Q1 revenue falls short of expectations Expedia (EXPE.US) plunges nearly 10%

According to the financial app Zhitong Finance, on Friday, Expedia (EXPE.US) opened sharply lower by nearly 10%, marking its biggest decline since May 2024, at $153.69. On the news front, the company announced its first quarter performance, with revenue increasing by 3.4% year-on-year to $2.99 billion, slightly below analysts' expectations of $3.01 billion. Adjusted earnings per share were $0.4, higher than the expected $0.32. The booking volume for the period reached $31.45 billion, up 4% year-on-year, and the number of room nights booked was 1.077 billion, up 6% year-on-year.