Expedia ( (EXPE) ) has released its Q4 earnings. Here is a breakdown of the information Expedia presented to its investors.
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Expedia Group, Inc. is a leading global travel platform that facilitates travel experiences for consumers and provides technology solutions to travel partners. The company operates under well-known brands such as Expedia, Hotels.com, and Vrbo, and serves both B2C and B2B markets.
In its latest financial report, Expedia Group announced a robust performance for the fourth quarter and full year of 2024, highlighted by double-digit growth in room nights, gross bookings, and revenue. The company also reinstated its quarterly dividend, reflecting confidence in its financial outlook and commitment to shareholder returns.
Key financial metrics for the fourth quarter included a 12% increase in booked room nights and a 13% rise in gross bookings. Notably, the company’s net income surged by 124%, and adjusted EBITDA rose by 21%. For the full year, Expedia reported a 7% growth in both gross bookings and revenue, with a substantial 55% increase in net income. The B2B segment demonstrated strong growth, accelerating gross bookings by 24% in the fourth quarter.
Expedia’s management attributes these positive results to strong execution and heightened travel demand. The company’s strategic focus on expanding its B2B business and enhancing customer experiences has contributed to its solid financial performance. Additionally, the repurchase of over 12 million shares for $1.6 billion underscores its confidence in long-term growth prospects.
Looking ahead, Expedia Group remains optimistic about its long-term outlook, driven by ongoing travel demand and its strategic initiatives aimed at enhancing shareholder value. The reinstatement of the dividend is a testament to its commitment to maintaining financial strength and delivering returns to investors.
