Expedia Inc. stocks rose 7.6 percent to $31.20 after announcing its second quarter results Thursday, International Business Times reported.
Expedia, which also operates Hotels.com and Hotwire.com, reported advertising revenue up 27 percent and was able to post a $140.4 million profit on $1 billion in revenue. Earning per share is 55 cents, beating Wall Street’s estimates of 49 cents.
Second quarter profits was up 23 percent from $114.3 million profit on $834 million revenue year-over-year.
Booking was one of the outperforming areas – which value boosted 19 percent to $8 billion, partially thanks to its partnership with Groupon.
The partnership, which was announced in June and went live on July 11, offered travel discounts for hotel rooms and airfare at half the cost for destinations around the world, All Things Digital reported.