Expedia Group, Inc. reported adjusted earnings of $1.26 per share for fourth-quarter 2022, missing the Zacks Consensus Estimate by -31.9%.
The travel booking company’s revenues grew +15% y/y to $2.62 billion, but was shy of the Zacks Consensus Estimate of $2.68 billion. Expedia’s gross bookings rose +17% y/y to $20.51 billion, on lodging and air bookings strength. Also, ‘booked room nights’ and ‘stayed room nights’ grew by 19% each.
The company’s Retail business revenue rose +8% year-over-year to $1.87 billion of revenues (71.6% of the total revenues). B2B revenues of $676 million (25.8% of the total revenues) grew +41% year-over-year. Trivago revenues increased +7% to $106 million (4% of the total revenues).