Expedia Group topped estimates for its fourth quarter outcomes, posting income of $3.55 billion, up 11% year-over-year, and adjusted earnings per share of $3.78. Analysts anticipated $3.41 billion in income and EPS of $3.37.
Gross bookings rose 11% to $27 billion, additionally beating expectations. Expedia’s B2B arm, in the meantime, remained a significant development engine. Within the fourth quarter, B2B gross bookings jumped 24% from a 12 months earlier, in contrast with 5% development within the consumer-facing B2C phase.
Expedia CEO Ariane Gorin mentioned the earnings mirror “disciplined execution of our strategic priorities in a wholesome demand surroundings.”
Seattle-based Expedia not too long ago laid off 162 staff in Washington state as a part of its newest workforce discount.
For the primary quarter, the corporate expects gross bookings between $34.6 billion and $35.2 billion, up 10% to 12% 12 months over 12 months, and income between $3.32 billion and $3.37 billion, up 11% to 13%. The corporate’s full-year steering is consistent with estimates.
Shares fell greater than 3% in after-hours buying and selling.
