Both B2C and B2B bookings growth accelerated 5 pts sequentially in the fourth quarter, quarterly dividend reinstates.
Expedia Group, Inc. (NASDAQ: EXPE) announced financial results for the fourth quarter and full year ended December 31, 2024.
Key Highlights
- Booked room nights grew 12% in the fourth quarter year-over-year and 9% for full year 2024.
- Total gross bookings and revenue grew 13% and 10% year-over-year, respectively in the fourth quarter. Full year gross bookings and revenue both grew 7% compared to 2023.
- B2C and B2B gross bookings growth accelerated 5-points to 9% and 24% respectively in the fourth quarter.
- Lodging gross bookings grew 12% year-over-year in the fourth quarter; hotel bookings were up 14%.
- Fourth quarter net income grew 124% and adjusted net income grew 30%, year-over-year. Adjusted EBITDA increased 21% with 175 basis points of margin expansion, and adjusted EBIT increased 50% with 282 bps of margin expansion.
- Repurchased over 12 million shares for $1.6 billion in 2024.
- Declares a quarterly dividend of $0.40 starting in March 2025.
“Our fourth quarter results exceeded our expectations and reflect continued strong execution and better-thanexpected travel demand. All three of our core consumer brands achieved bookings growth and we further
accelerated growth in our B2B business. These results contributed to a solid full year 2024 for us," said Ariane
Gorin, CEO of Expedia Group.
"The reinstatement of our quarterly dividend reflects our confidence in our longterm outlook and commitment to shareholder returns."
