Expedia (EXPE) Shares Up 5% on Strong Q4 Results

Expedia (NASDAQ: EXPE) shares were trading more than 5% higher after-hours following the company’s reported Q4 results, with EPS of $1.06 coming in significantly better than the consensus estimate of $0.70.

Total revenue declined 17% to $2.3 billion, compared to Q4/19 and total gross bookings declined 25% to $17.5 billion, the lowest quarterly decline in 2021 despite the impact of Omicron. Compared to Q4/20, both total gross bookings and total revenue increased significantly. Booking trends for lodging (75% of total revenue), air (3% of total revenue), and other travel products (15% of total revenue) all declined sequentially from Q3 due to seasonality as well as the impact of the Omicron variant in the latter part of the quarter.

You May Also Be Interested In

• TJX Cos. (TJX) Tops Q2 EPS by 3c, Beats on Revenue; Offers FY27 EPS Guidance
• Opera Limited (OPRA) Misses Q2 EPS by 1c ; Offers Guidance
• Estee Lauder shares jump as fiscal 2027 profit forecast tops estimates