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.”
To view full results click here
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