Expedia Inc. stocks jumped 7.6 percent after posting better than expected profit numbers on Thursday.
Expedia rose to $31.20 after seeing profit grow 23 percent in its second quarter earnings, as consumers began to travel worldwide more often.
Expedia, which also operates Hotels.com and Hotwire.com, saw advertising revenue increase by 27 percent and was able to post a $140.4 million profit on $1 billion in revenue. It worked out to 55 cents a share in earning; beating Wall Street estimates of 49 cents a share.
Second quarter profits also bested last year's quarter of $114.3 million profit on $834 million revenue.
One of the most successful areas of the company was through its bookings, which saw its value increase 19 percent to $8 billion. One of the reasons was its partnership with social coupon company Groupon.
After offering deals through Groupon on July 11th, Expedia sold 15,000 vacations in only three days. Expedia offered 25 vacation deals through Groupon and sold out on almost all of them.
The company also saw its hotel bookings increase by 27 percent.