Expedia Group registered earnings of $1.24 a share in the fourth quarter, beating analysts’ expectation of $1.08. Revenue of $2.6 billion exceeded Wall Street estimate of $2.5 billion, and were also +10% higher compared to the year-ago quarter.
The online travel platform had total gross bookings (by customers on rooms, flights and other travel across Expedia’s brands) of $21.96 billion - which indicates a year-over-year growth of +11%.
For the full-year 2018, Expedia raked in $902 million in net profits, up +33% over 2017. Annual revenue of $11.2 billion was +12% higher, compared to 2017.
The company projects that its adjusted earnings (before interest, tax, depreciation and amortization) will increase in the range of +10% to +15% in 2019. Analysts were expecting the figure to be +9%, according to Bloomberg data.
Expedia shares rose +7.5% in pre-market trading Friday.