Dec 31, 2023

Expedia Q4 2023 Earnings Report

Expedia's Q4 2023 results were announced, showcasing record revenue and profitability, with growth accelerating from the third quarter.

Key Takeaways

Expedia Group reported record revenue and profitability for Q4 2023, with revenue growth accelerating from the third quarter. The company delivered on its full-year guidance of double-digit topline growth with margin expansion and drove its largest annual share repurchase on record.

Highest ever fourth quarter revenue, growing 10%, compared to 2022.

Fourth quarter year over year B2C revenue growth accelerates from the third quarter.

Record quarterly B2B revenue, increasing 28%, compared to 2022.

Significant adjusted EBITDA margin expansion at over 130 basis points for the fourth quarter, compared to 2022.

Total Revenue
$2.89B
Previous year: $2.62B
+10.3%
EPS
$1.72
Previous year: $1.26
+36.5%
Gross Bookings
$21.7B
Previous year: $20.5B
+5.7%
Room nights
77.4M
Previous year: 70.8M
+9.3%
Adjusted EBITDA
$532M
Gross Profit
-$3.56B
Previous year: $2.21B
-261.4%
Cash and Equivalents
$4.23B
Previous year: $4.1B
+3.1%
Free Cash Flow
-$415M
Previous year: -$359M
+15.6%
Total Assets
$21.6B
Previous year: $21.6B
+0.4%

Expedia

Expedia

Expedia Revenue by Segment

Expedia Revenue by Geographic Location

Forward Guidance

Expedia Group expects to maintain access to the webcast on the IR website for approximately twelve months subsequent to the initial broadcast.

Revenue & Expenses

Visualization of income flow from segment revenue to net income