Expedia Group Inc (EXPE  ) shares are down after the company's first-quarter earnings report came in mixed.

The booking site operator joins the likes of Amazon (AMZN  ) and Meta (FB  ) in the club of companies suffering a considerable drop in stock price after a mixed or weak earnings report. Like the tech titans, and many other companies across various industries, Expedia has faced a wide range of problems from late pandemic COVID variants such as Omicron, or Russia's invasion of Ukraine. In addition, many consumers are simply spending less due to rampant inflation.

That lack in demand seems to show up in Expedia's bookings data, which came in at 56.5 million booked nights, as opposed to Wall Street's estimate of 64.28 million. Gross bookings came in at $24.41 billion, well short of analyst expectations of $25.89 billion. The company's revenue and EPS came in just above expectations, however, with revenue at $2.25 billion and EPS at a loss of $0.47, compared to Wall Street estimates of $2.23 billion and a $0.62 loss.

Travel has been rough for corporations and customers alike amid the pandemic and unprecedented inflation between skyrocketing fuel (and subsequently, ticket) prices and periodic bouts of extreme delays due to staffing shortages. With Americans tightening their wallets due to inflation, and balking at travel through the early year after an Omicron variant surge during the holiday season, it's not entirely surprising that Expedia had a rough start to the year. However, as the company and some experts predict, travel demands appear poised to spike in the summer.

"All in, while we are keeping an eye on various macro indicators including inflation and ongoing geopolitical tensions, we continue to see positive indicators for a strong recovery in leisure travel this summer." Expedia CEO Peter Kern said. "This year is on track to be a big year of delivery for us with new product, marketplace, and platform innovation."

Expedia shares started the week with a slight gain, but immediately plummeted 14% on Tuesday following the company's earnings report and its call with investors. Shares slid an additional 0.50% on Wednesday.