expedia reports earnings


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  • (Reuters) -Shares of Expedia Group closed down 18% on Friday, their biggest single-day drop in nearly four years, after the online travel firm said it expected 2024 revenue growth rates to moderate as air fares soften from post-pandemic highs.

  • What is the financial performance of Expedia?

    Highest ever full year GAAP net income grew 127%, compared to 2022.
    Record full year adjusted EBITDA grew 14%, compared to 2022.
    Significant adjusted EBITDA margin expansion at over 130 basis points for the fourth quarter and nearly 75 basis points for the year, compared to 2022.

  • What is the performance of Expedia?

    By the Numbers.
    In its 2023 fourth-quarter and full-year earnings report, Expedia reported a record full-year lodging gross bookings revenue of $74 billion in 2023, up 11% over 2022.
    Full-year revenue was $12.8 billion and fourth-quarter revenue was $2.9 billion, both company records and 10% increases over 2022 levels.

  • Is Expedia a profitable company?

    Expedia Group Inc (NASDAQ:EXPE) reported record revenue of $3.9 billion in Q3 2023, a 9% increase compared to the same period in 2022.
    The company's net income for the third quarter was $425 million.
    Lodging gross bookings at $18.5 billion grew 8% compared to 2022, and were at record levels for any third quarter.

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