Expedia (EXPE) Tops Q4 EPS by 5c
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Expedia's (EXPE) stock tumbles 12% on worse-than-expected gross bookings and FCF
February 8, 2024 4:13 PM EST(Updated - February 9, 2024 12:47 PM EST)
Expedia (NASDAQ: EXPE) reported better-than-expected FQ4 earnings and revenue but missed expectations for gross bookings and free cash flow.
The stock plummeted 12% in after-hours trading Thursday.
For the fourth quarter, the travel technology company posted earnings per share (EPS) of $1.72, topping the consensus estimate of $1.67. The company's revenue came in at $2.89 billion, slightly surpassing the projected $2.87 billion.
Expedia generated $1.96 billion in retail revenue, marking a 4.5% year-over-year increase, although it fell short of the expected $2.01 billion. Meanwhile, its business-to-business (B2B) segment saw a substantial 28% YoY growth,... More
