Q4 22 EPS
$1.26
MISS 24.55%
Est. $1.67
Q4 22 Revenue
$2.62B
MISS 2.97%
Est. $2.70B
vs S&P Since Q4 22
+50.6%
BEATING MARKET
EXPE +130.3% vs S&P +79.7%
Full Year 2022 Results
FY 22 EPS
$6.79
FY 22 Revenue
$11.67B
Market Reaction
Did EXPE Beat Earnings? Q4 2022 Results
Expedia Group delivered a mixed fourth quarter for 2022, falling short of Wall Street expectations on both the top and bottom lines as severe weather and rising costs weighed on results. Adjusted EPS came in at $1.26, missing the $1.67 consensus esti… Read more Expedia Group delivered a mixed fourth quarter for 2022, falling short of Wall Street expectations on both the top and bottom lines as severe weather and rising costs weighed on results. Adjusted EPS came in at $1.26, missing the $1.67 consensus estimate by 24.55%, while revenue of $2.62 billion trailed the $2.70 billion forecast by 2.97%, despite climbing 14.9% year-over-year. The sharpest drag on profitability came from a 32% surge in selling and marketing costs, driven by higher B2B partner commissions and stepped-up retail spending, which pressured Q4 Adjusted EBITDA down 6% to $449.00 million versus the prior-year period. Lodging, which accounted for 77% of Q4 revenue, remained the dominant engine, supported by 19% growth in room nights stayed, while the B2B segment posted a standout 41% revenue gain to $676.00 million. With broader travel demand showing strength across the sector heading into 2023, CEO Peter Kern expressed confidence that new marketing capabilities being rolled out beyond Expedia's flagship U.S. Brand will drive further growth and margin expansion throughout the year.
Key Takeaways
- • 19% increase in room nights stayed driving lodging revenue growth
- • 3% ADR growth in lodging
- • 47% increase in air revenue per ticket
- • Strong B2B segment growth of 41% driven by Expedia Partner Solutions
- • Growth in Expedia Group Media Solutions driving advertising revenue
EXPE YoY Financials
Q4 2022 vs Q4 2021, source: SEC Filings
EXPE Revenue by Segment
With YoY comparisons, source: SEC Filings
EXPE Revenue by Geography
With YoY comparisons, source: SEC Filings
“We were pleased that we were able to deliver our most profitable year in 2022, despite the friction from transforming our business model and technology platform. While our Q4 results were negatively impacted by severe weather, demand was otherwise strong and accelerating, and has been markedly stronger since the start of the year.”
— Peter Kern, Q4 2022 Earnings Press Release
EXPE Earnings Trends
EXPE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
EXPE EPS Trend
Earnings per share: estimate vs actual
EXPE Revenue Trend
Quarterly revenue: estimate vs actual
EXPE Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.38 | $1.96 | +42.34% | $3.43B | +2.17% |
| Q4 25 BEAT FY | $3.37 | $3.78 | +12.21% | $3.55B | +4.00% |
| FY Full Year | $15.34 | $15.86 | +3.37% | $14.73B | +0.93% |
| Q3 25 BEAT | $6.95 | $7.57 | +8.99% | $4.41B | +3.52% |
| Q2 25 BEAT | $4.13 | $4.24 | +2.74% | $3.79B | +2.05% |
| Q1 25 BEAT | $0.36 | $0.40 | +11.48% | $2.99B | -0.85% |
| Q4 24 BEAT FY | $2.10 | $2.39 | +13.89% | $3.18B | +3.71% |
| FY Full Year | — | $12.11 | — | $13.69B | — |
| Q1 23 MISS | $-0.04 | $-0.20 | -400.00% | $2.67B | +0.23% |
| Q4 22 MISS FY | $1.67 | $1.26 | -24.55% | $2.62B | -2.97% |
| FY Full Year | — | $6.79 | — | $11.67B | — |