Companies /Consumer Cyclical
Expedia Group Inc
NASDAQ: EXPE Travel Services
$274.22
▲ $4.09 (+1.51%) today
Markets closed · 1:55am ET

Expedia (EXPE) Q4 2024 Earnings

Reported Feb 6, 2025, 4:02pm ET · SEC source
$2.39
Beat +13.89%
EPS · est. $2.10
$3.2B
Beat +3.71%
Revenue · est. $3.1B
−12.7%
Trailing market
EXPE vs S&P since report
7 quarters
Consecutive EPS beats

How Did EXPE Stock React to Q4 2024 Earnings?

% change · around the report
−6%0+6%+12%Feb 6Feb 7report 4:02pm ETearnings−0.8%+11.2%
−6%0+6%+12%Feb 6Feb 7earnings−0.8%+11.2%
EXPE +11.2%S&P 500 −0.8%
−6%0+6%+12%Feb 6Feb 7report 4:02pm ETearnings−1.3%+11.2%
−6%0+6%+12%Feb 6Feb 7earnings−1.3%+11.2%
EXPE +11.2%NASDAQ −1.3%
−12%−6%0+6%Feb 5Feb 14report 4:02pm ETearnings+0.8%+5.6%
−12%−6%0+6%Feb 5Feb 14earnings+0.8%+5.6%
EXPE +5.6%S&P 500 +0.8%
−12%−6%0+6%Feb 5Feb 14report 4:02pm ETearnings+1.8%+5.6%
−12%−6%0+6%Feb 5Feb 14earnings+1.8%+5.6%
EXPE +5.6%NASDAQ +1.8%
+17.27%
Day of report
+0.31%
Next session
+0.00%
One week
−19.69%
30 days

S&P 500 over the same 30 days: −6.97%.

Did EXPE Beat Earnings? Q4 2024 Results

Yes. Expedia reported Q4 2024 earnings of $2.39 a share on Feb 6, 2025, beating the $2.10 consensus estimate by 13.9%. Revenue was $3.2B against a $3.1B estimate.

Expedia Group closed out 2024 with a standout fourth quarter, posting adjusted EPS of $2.39 against a consensus estimate of $2.10, a beat of 13.89%, while revenue of $3.18 billion topped expectations by 3.71% and grew 10.3% year-over-year. The primary engine behind the quarter's strength was a pronounced acceleration in the company's B2B segment, where gross bookings surged 24%, complementing a 9% gain in B2C gross bookings, with both segments delivering 5-point sequential improvements in bookings growth. Booked room nights climbed 12% to 86.4 million and gross bookings rose 13% to $24.42 billion, reflecting broad-based demand across the portfolio. Profitability gains were equally notable, with adjusted EBITDA expanding 21% to $643 million and GAAP net income more than doubling to $299 million from $132 million a year earlier. The company also reinstated a quarterly cash dividend of $0.40 per share, and CEO Ariane Gorin pointed to AI-driven strategies and strong execution across all three core consumer brands as key contributors to the quarter's results.

Key Takeaways
  • Booked room nights grew 12% year-over-year in Q4
  • B2C and B2B gross bookings growth each accelerated 5 points sequentially in Q4
  • B2B gross bookings surged 24% year-over-year in Q4
  • Lodging gross bookings grew 12% YoY in Q4; hotel bookings up 14%
  • All three core consumer brands achieved bookings growth
  • Better-than-expected travel demand
  • Adjusted EBITDA margin expanded 175 basis points to 20.2% in Q4

“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.”

Expedia CEO, on the earnings call

EXPE YoY Financials

Q4 2024 vs Q4 2023 · SEC filings Q4 2023 Q4 2024
$0$900.0M$1.8B$2.7B$2.9B$3.2BRevenue$104.0M$216.0MOperating Income$132.0M$299.0MNet Income
$0$900.0M$1.8B$2.7BRevenueOperating IncomeNet Income
EXPE income statement, Q4 2024 versus Q4 2023
Metric Q4 2024 Q4 2023 Year over year
Revenue $3.2B $2.9B +10.3%
Operating Income $216.0M $104.0M +107.7%
Net Income $299.0M $132.0M +126.5%

EXPE Revenue by Segment

Lodging$2.5B
B2C$1.9B
B2B$1.0B
Advertising and Media - EG$175.0M
trivago$66.0M
Air$98.0M
Advertising and Media - trivago$66.0M

EXPE Revenue by Geography

United States$1.9B
Rest of World$1.3B

Figures from SEC filings and company reports. Not investment advice.