Expedia Group (NASDAQ:EXPE) delivered stronger-than-expected fourth-quarter results, surpassing analyst estimates and sending shares up 17% intra-day today. The online travel giant benefited from sustained travel demand, accelerating growth across its core consumer brands and B2B segment.
The company posted adjusted earnings per share of $2.39, comfortably beating the analyst consensus of $2.02. Revenue climbed 10% year-over-year to $3.18 billion, exceeding the forecasted $3.07 billion. Total gross bookings surged 13% YoY in Q4, reflecting robust momentum across Expedia’s travel ecosystem.
Lodging demand remained strong, with room nights booked rising 12% and hotel bookings jumping 14% compared to the prior year. Both B2C and B2B segments showed accelerating growth, with sequential gains of 5 percentage points in Q4, reaching 9% and 24% growth, respectively.
Profitability also saw a meaningful boost. Adjusted EBITDA rose 21%, accompanied by a 175 basis point margin expansion, while adjusted EBIT soared 50%, driven by a 282 basis point margin improvement.