Businessweek

Expedia Inc. provided earnings guidance for 2013. For the period, the company continue to expect adjusted EBITDA growth in the low double digits with the possibility of hitting the low teens. The company have added adjusted EBITDA for trivago to forecast in the range of $20 million to $30 million. However, the company have reduced organic forecast by a similar amount due primarily to the challenges the company are seeing at Hotwire. In terms of the shape of the year, the company now expect all of annual adjusted EBITDA dollar growth to come in the back half of the year.

Expedia Inc. announced that its Executive Committee, acting on behalf of its Board of Directors, has declared a quarterly cash dividend of $0.13 per share of outstanding common stock payable on June 19, 2013 to stockholders of record as of the close of business on May 30, 2013.

Expedia Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of $1,012.4 million compared to $816.5 million in the prior-year period. Adjusted EBITDA was $105.1 million compared to $101.8 million in the prior-year period. Operating loss was $105.6 million compared to operating income of $48.7 million in the prior-year period. Adjusted net income was $35.3 million compared to $36.9 million in the prior-year period. Loss from continuing operations was $107.368 million compared to income from continuing operations of $21.587 million in the prior-year period. Loss from continuing operations attributable to the company was $104.2 million compared to income from continuing operations attributable to the company of $20.6 million in the prior-year period. Net loss attributable to the company was $104.23 million or $0.77 per basic and diluted share compared to net income attributable to the company of $20.6 million or $0.15 per basic and diluted share in the prior-year period. Adjusted EPS was $0.25 compared to $0.26 in the prior-year period. Net cash provided by operating activities from continuing operations was $881.089 million compared to $847.816 million in the prior-year period. Capital expenditures, including internal-use software and website development were $87.156 million compared to $50.814 million in the prior-year period.

Expedia Inc. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on Apr 25, 2013

Orbitz Worldwide Inc., Priceline.com Inc., Sabre Inc.'s Travelocity, and Expedia Inc. are appealing a Hawaii court decision to fine them $70 million for unpaid taxes. A state tax appeal court ruled this week that online travel companies including Orbitz Worldwide Inc., Priceline.com Inc., Sabre Inc.'s Travelocity, and Expedia Inc. have been skirting Hawaii's general excise tax for years. According to the state, the companies have been making billions in revenue but owe $158 million in unpaid taxes and interest. The court slapped the companies with the $70 million fine.