Expedia is a global travel technology company that provides an online platform for users to plan and book travel accommodations, including flights, hotels, car rentals, and vacation packages
The company's services cater to both leisure and business travelers, offering a wide range of travel options and enabling customers to compare prices and read reviews. Through its diverse portfolio of brands, Expedia aims to simplify the travel experience by connecting users with various travel providers and offering tools that help in itinerary planning and bookings, ultimately enhancing the overall journey for travelers.
Technology has dramatically impacted the travel and tourism industry, transforming how people plan, book, and experience their trips. The internet has made it much simpler for travelers to research and plan their trips, with online booking platforms allowing for seamless booking and payment processes.
Shares of online travel agency Expedia (NASDAQEXPE)
jumped 17.9% in the morning session after the company reported strong fourth-quarter results that exceeded analysts' expectations across key metrics, including revenue, EPS, and EBITDA. Sales growth was driven by a 13% increase in total gross bookings as the company observed "better-than-expected travel demand." Margins expanded, with adjusted EBITDA rising 21% and adjusted EBIT growing 50%, benefiting from sales growth and operational efficiency. While management didn't provide formal guidance, they signaled confidence in long-term growth by reinstating a $0.40 quarterly dividend. Overall, we think this was a good quarter with some key areas of upside.
Stay informed about the performance of the S&P500 index one hour before the close of the markets on Friday. Uncover the top gainers and losers in today's session for valuable insights.
As the US market prepares to open on Friday, let's get an early glimpse into the pre-market session and identify the S&P500 stocks leading the pack in terms of gains and losses.
Expedia Group exceeded analysts' expectations for Q4, with bookings hitting $24.4 billion and revenue at $3.18 billion. Analysts are optimistic about the company's future growth, especially in the B2C segment and Vrbo bookings.
Online travel agency Expedia (NASDAQEXPE) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 10.3% year on year to $3.18 billion. Its non-GAAP profit of $2.39 per share was 13.9% above analysts’ consensus estimates.
Let's have a look at what is happening on the US markets after the closing bell on Thursday. Below you can find the top gainers and losers in today's after hours session.
