Expedia Group Inc

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.