Expedia Reports Q4 Revenue, EPS Beats
Expedia Group (NASDAQ:EXPE), a major online travel agency operator, outperformed analysts' expectations with the fourth-quarter report it released on Feb. 6. The company's adjusted earnings per share (EPS) of $2.39 outpacing the forecast of $2.09 by 14.4%. Revenues rose to $3.184 billion, exceeding the anticipated $3.070 billion. This strong performance was attributed to higher demand in the travel sector. Overall, the quarter was positive, driven by strong travel bookings and strategic initiatives in Expedia's B2B segment.
Source: Analysts' estimates for the quarter provided by FactSet.
Expedia Group is a leading global travel company, known for its comprehensive online travel booking services. Its diverse portfolio serves up access to more than 3 million lodging properties, and it has partnerships with over 500 airlines. Expedia has been focused on transitioning its operations to a unified platform model, enhancing its technology stack to streamline operations and boost innovation. It continues to invest in brand and supply strength to maintain robust customer relationships and meet varied consumer preferences globally.
Source Fool.com
