Stock Movers: After-Hours Earnings Roundup - Expedia, Akamai, Block, and More

Expedia's Strong Performance

• ✈️ Expedia reported second-quarter gross bookings of $30.41 billion, exceeding the anticipated $29.78 billion.
• 📈 The company also saw its adjusted EPS and revenue beat estimates, with revenue at $3.79 billion.
• 🚀 Expedia raised its third-quarter revenue growth outlook to 4-6% (previously 3.6%) and increased its full-year guidance to 3-5% (previously 2-4%).
• 🌟 Shares of Expedia saw a surge, popping as much as 15% in after-hours trading, driven by strong bookings and an improved demand outlook.

Akamai and Trade Desk Earnings

• 💡 Akamai (AKAM) is soaring in aftermarket trading, up about 7.8%, after raising its outlook for third-quarter revenue and adjusted EPS.
• 🎯 Akamai's third-quarter adjusted EPS forecast of $1.62 to $1.66 significantly surpassed the street estimate of $1.51.
• 📉 The Trade Desk reported second-quarter results with adjusted EPS beating estimates, but shares dropped nearly 24-25% after hours, possibly due to a CFO change.
• 📊 The Trade Desk's third-quarter revenue is projected to be at least $717 million, slightly ahead of the $716.2 million estimate.

Block and The RealReal's Outlook

• 🚀 Block (XYZ) shares are up significantly in the aftermarket, driven by an improved fiscal year outlook for adjusted operating income and gross profit.
• 💰 Block raised its fiscal year adjusted operating income forecast to $2.03 billion from a previous $1.9 billion.
• 📈 The RealReal boosted its full-year revenue guidance and beat analyst estimates, leading to a substantial after-hours pop.
• 📊 The RealReal now expects full-year revenue between $667 million and $674 million, up from its previous range.

Other Notable Earnings Reports

• 🎲 Flutter, the online betting company, reported second-quarter adjusted EPS of $2.95, higher than the consensus estimate of $2.14, with adjusted EBITDA and revenue also exceeding expectations.
• 🎤 Live Nation reported second-quarter revenue of $7.01 billion and adjusted operating income of $798.4 million, both beating analyst estimates, though the stock was down about 2%.
• 🛒 Instacart provided a robust third-quarter adjusted EBITDA forecast, beating estimates and signaling accelerating order growth, with shares up about 9% after hours.
• 💻 GoDaddy reported second-quarter revenue in line with expectations and provided a third-quarter revenue outlook that is slightly ahead of street estimates, with shares trading slightly lower.
• 🌟 Yelp also reported second-quarter net revenue and EPS beats, contributing to a busy earnings day after the close.