Online travel services company Expedia’s revenue jumps 38.6 percent

The logo of global online travel brand Expedia is pictured at the International Tourism Trade Fair (ITB) in Berlin, Germany, March 9, 2016.

Reuters/Fabrizio Bensch

Expedia Inc reported a 38.6 percent jump in quarterly revenue, helped largely by a string of acquisitions.

Net loss attributable to the company was $121.9 million, or 81 cents per share, for the first quarter ended March 31, compared with a profit of $44.1 million, or 34 cents per share, a year earlier.

Revenue rose to $1.90 billion from $1.37 billion.

Expedia, the world’s largest online travel services company by bookings, last year embarked on an acquisition spree, buying vacation rental site HomeAway Inc for $3.9 billion, Orbitz Worldwide Inc for $1.3 billion and Travelocity for $280 million.

(Reporting by Sruthi Shankar in Bengaluru and Jeffrey Dastin in New York; Editing by Sriraj Kalluvila)