The theme of rising costs for US online travel businesses – see TripAdvisor – has continued with Expedia’s second quarter results. Technology and content expenses were up 24%, cost of revenue grew 17%, general and admin expenses increased 13%, while selling and marketing rose 11%.
Consequently profit dropped $35m to to $105m year on year. But there were plenty of positives for Expedia, which sold a record 30m hotel room nights during the quarter and analysts have upgraded the company, which has performed well on the stock exchange this year. See Expedia earnings release.