The earnings call highlighted strong financial performance in Q4 2024, with notable growth in B2B and advertising segments. However, there are concerns about softening travel demand in early 2025 and the impact of foreign exchange headwinds. Operational efficiency and brand performance were emphasized as positives, while challenges in the loyalty program for Hotels.com were noted.

Company Guidance

During Expedia Group's Q4 2024 earnings call, the company reported robust double-digit growth in room nights, gross bookings, and revenue, surpassing expectations due to strong travel demand and effective execution. Specifically, consumer business bookings accelerated to 9%, with B2B bookings up 24% and advertising revenue growing by 25%. The global expansion efforts contributed to a 4-point sequential increase in bookings outside the U.S. and international room night growth outpaced that in the U.S. with significant gains in Europe and APAC. The company's EBITDA margin expanded 175 basis points, driven by disciplined cost management and increased operational efficiencies. For the full year, Expedia achieved gross bookings of $111 billion and revenue of nearly $14 billion, both up 7%, and generated $2.3 billion in free cash flow, marking a 26% increase. Looking forward to 2025, Expedia expects gross bookings and revenue growth in the 4% to 6% range, with a continued focus on enhancing traveler value, optimizing operational efficiencies, and leveraging AI to further drive growth.

Strong Financial Performance in Q4 2024

Room nights, gross bookings, and revenue all grew double digits. Total gross bookings were $24.4 billion, growing 13%, with a five-point sequential acceleration in both B2C and B2B. EBITDA margin expanded to 20.2%, up 175 basis points.

Record Growth in B2B and Advertising Segments

B2B bookings grew 21% for the full year. Advertising revenue grew 32% in 2024 and contributed 5% of overall revenue.

Successful Brand Performance

Brand Expedia, Hotels.com, and Vrbo saw bookings growth. Global active membership in the loyalty program grew 7%, with a 300 basis points increase in the twelve-month member repeat rate.

Operational Efficiency and Cost Management

Effective expense management led to a decrease in overhead expenses by 1%, resulting in nearly 250 basis points of leverage.

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Expedia (GB:0R1T) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:0R1T Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 01, 2025	2025 (Q1)	0.38 / -	0.21	―	―	―
Feb 06, 2025	2024 (Q4)	2.09 / 2.39	1.72	38.95% (+0.67)	―
Nov 07, 2024	2024 (Q3)	6.05 / 6.13	5.41	13.31% (+0.72)	―
Aug 08, 2024	2024 (Q2)	3.18 / 3.51	2.89	21.45% (+0.62)	―
May 02, 2024	2024 (Q1)	-0.14 / 0.21	-0.2	205.00% (+0.41)	―
Feb 08, 2024	2023 (Q4)	1.67 / 1.72	1.26	36.51% (+0.46)	―
Nov 02, 2023	2023 (Q3)	4.96 / 5.41	4.05	33.58% (+1.36)	―
Aug 03, 2023	2023 (Q2)	2.35 / 2.89	1.96	47.45% (+0.93)	―
May 04, 2023	2023 (Q1)	0.02 / -0.20	-0.47	57.45% (+0.27)	―
Feb 09, 2023	2022 (Q4)	1.73 / 1.26	1.06	18.87% (+0.20)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GB:0R1T Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 06, 2025	$172.11	$197.55	+14.78%
Nov 07, 2024	$172.12	$182.68	+6.13%
Aug 08, 2024	$117.44	$129.82	+10.54%
May 02, 2024	$135.07	$116.65	-13.64%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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