NASDAQ$EXPE

Expedia Group Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

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

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.

Headline financials

Total Revenue

$2.89B

Previous: $2.62B+10.3%
EPS (adj)

$1.72

Previous: $1.26+36.5%
Booked Room Nights

77.4M

Previous: 70.8M+9.3%
Gross Bookings

$21.7B

Previous: $20.5B+5.7%
Adjusted EBITDA

$532M

No prior period
Capital Expenditures

-$177M

Previous: $177M-200.0%
Net Income

$136M

Previous: $177M-23.2%
Operating Income

$104M

Previous: $128M-18.8%
Gross Profit

-$3.56B

Previous: $2.21B-261.4%
Stock-Based Comp

$99M

Previous: $94M+5.3%

Revenue & EPS history

Expedia · Revenue · Quarterly

$2.89B

Q4 2023+10.3%vs Q4 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Expedia · $3.81B total across 2 segments · Q3 2023

  • B2C
    $2.82B+4.1%
  • B2B
    $995M+26.3%

Forward guidance

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

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

+0.9%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+0.0%

Avg return

30 days after

57%

39 / 68 earnings

Positive

+24.7%

Q1 2012

Best reaction

-27.2%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-14.6%-9.4%
Q4 2025-6.4%-10.3%+0.5%
Q3 2025+17.4%+24.6%+19.9%
Q1 2025-7.4%+0.1%+4.5%
Q4 2024+17.3%+17.4%+6.8%
Q3 2024+5.2%+5.9%+11.0%
Q2 2024+14.8%+15.3%+16.8%
Q1 2024-13.4%-15.2%-15.2%
Q4 2023-15.1%-12.7%-12.0%
Q3 2023+20.8%+26.6%+49.4%
Q2 2023-12.6%-6.9%-7.1%
Q1 2023+3.3%+3.0%+14.0%
Q4 2022-9.7%-3.5%-17.5%
Q3 2022+2.5%-0.7%+14.8%
Q2 2022-3.0%-1.9%-3.4%
Q1 2022-14.0%-24.3%-27.8%
Q4 2021-2.5%+7.6%-9.0%
Q3 2021+12.3%+15.9%-4.1%
Q2 2021-2.8%-3.0%-6.9%
Q1 2021+1.5%+0.9%+0.3%
Q4 2020-1.6%-0.7%+17.3%
Q3 2020+4.4%+30.2%+30.1%
Q2 2020-5.1%-6.5%+18.2%
Q1 2020+0.9%+2.1%+7.5%
Q4 2019+10.7%+9.1%-37.3%
Q3 2019-27.2%-26.6%-20.3%
Q2 2019+1.2%-1.9%-7.5%
Q1 2019-1.3%-4.6%-10.7%
Q4 2018+2.3%-1.0%-5.1%
Q3 2018+5.5%+9.0%-0.9%
Q2 2018+8.0%+4.9%+2.1%
Q1 2018+6.1%+4.7%+8.7%
Q4 2017-19.6%-21.3%-13.2%
Q3 2017-16.3%-15.7%-14.3%
Q2 2017+1.6%-2.7%-4.9%
Q1 2017-1.5%+2.4%+6.5%
Q4 2016-0.2%-2.6%+2.4%
Q3 2016+4.9%+0.4%+1.4%
Q2 2016-0.5%-3.1%-5.0%
Q1 2016+7.4%
Q4 2015+11.6%
Q3 2015+8.3%
Q2 2015+13.6%
Q1 2015+5.6%
Q4 2014-11.4%
Q3 2014+6.8%
Q2 2014+3.4%
Q1 2014+0.2%
Q4 2013+16.5%
Q3 2013+16.4%
Q2 2013-26.0%
Q1 2013-8.8%
Q4 2012+0.8%
Q3 2012+13.0%
Q2 2012+24.1%
Q1 2012+24.7%
Q2 2011+0.7%
Q4 2011+0.7%
Q3 2011-0.5%
Q1 2011+2.8%
Q1 2010+2.8%
Q2 2010-15.6%
Q4 2008-15.6%
Q4 2010-15.6%
Q3 2009-2.1%
Q3 2010-2.1%
Q4 2009+8.1%
Q2 2009+8.1%

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