Expedia Q4 2022 Earnings Report
Key Takeaways
Expedia Group reported its most profitable year in 2022, despite business transformation friction. Q4 results were impacted by severe weather, but demand was strong and accelerating. The company begins 2023 with record app usage and member counts.
Record full year and fourth quarter lodging bookings and lodging revenue were achieved.
GAAP net income reached $352 million for the full year, a significant increase from the $269 million net loss in 2021.
Full year adjusted net income increased by over 300% compared to 2021, with a record Adjusted EBITDA of over $2.3 billion.
The company reduced debt by $2.2 billion during 2022, significantly reducing leverage.
Expedia
Expedia
Expedia Revenue by Segment
Expedia Revenue by Geographic Location
Forward Guidance
Expedia Group did not provide specific financial guidance for future periods in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income