Expedia reports Q4 adjusted EPS $2.39, consensus $2.10

Reports Q4 revenue $3.18B, consensus $3.07B. Booked room nights grew 12% in the fourth quarter year-over-year and 9% for full year 2024. Total gross bookings and revenue grew 13% and 10% year-over-year, respectively in the fourth quarter. Full year gross bookings and revenue both grew 7% compared to 2023. B2C and B2B gross bookings growth accelerated 5-points to 9% and 24% respectively in the fourth quarter. Lodging gross bookings grew 12% year-over-year in the fourth quarter; hotel bookings were up 14%. “Our fourth quarter results exceeded our expectations and reflect continued strong execution and better-than-expected travel demand. All three of our core consumer brands achieved bookings growth and we further accelerated growth in our B2B business. These results contributed to a solid full year 2024 for us,” said Ariane Gorin, CEO of Expedia (EXPE) Group. “The reinstatement of our quarterly dividend reflects our confidence in our long-term outlook and commitment to shareholder returns.”