Shares of Expedia Group closed down 18% on Friday, their biggest single-day drop in nearly four years, after the online travel firm said it expected 2024 revenue growth rates to moderate as air fares soften from post-pandemic highs. The company late on Thursday also said Chief Executive Officer Peter Kern would step down from his position and be replaced by company insider Ariane Gorin. Expedia shares snapped a four-day winning streak and dragged down those of other travel firms following the warning. Booki ...

Expedia Group, Inc. (EXPE) delivered fourth-quarter 2023 adjusted earnings of $1.72 per share, up 37% from the year-ago quarter. The figure beat the Zacks Consensus Estimate by 2.99%.Revenues of $2.89 billion rose 10% year over year. The figure surpassed the Zacks Consensus Estimate of $2.88 billion.Year-over-year revenue growth was driven by the strong performance delivered by the B2B segment. Strength in lodging offerings and growing momentum across non-U.S. regions contributed well.Growing gross bookings ...

Shares of travel bookings platform Expedia Group (EXPE -18.85%) dropped on Friday after the company reported financial results for the fourth quarter of 2023. In reality, the numbers were pretty good, but a surprise change of CEO cast a shadow over the financial results. As of 11:30 a.m. ET, Expedia stock was down 19%.Expedia's record yearExpedia generates revenue in several ways, including processing travel bookings, earning commissions, and advertising. In 2023, the company generated record revenue of $12 ...

Expedia (NASDAQ:EXPE) stock plunged 15% after disappointing bookings numbers and the departure of CEO Peter Kern.The travel site earned $132 million, 92 cents per share fully diluted, on revenue of $2.89 billion during the quarter. This compared with net income of $177 million, $1.11 per share, and revenue of $2.61 billion a year earlier.However, the departure of Kern, who had been CEO for four years, spooked investors the most. Expedia was due to open this morning at about $134 per share, a market capitali ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Key TakeawaysExpedia shares tumbled despite topping quarterly earnings and sales expectations as bookings came in worse than expected and the company announced the appointment of a new CEO.Incoming CEO Ariane Gorin has most recently served as president of the company’s B2B arm—Expedia for Business.The Expedia share price is likely to find key support around $133 from a multi-month horizontal trendline and the 200-day moving average. Expedia Group, Inc. Source: TradingView.com.Expedia late Thursday (EXPE) ...

Expedia Group CEO Peter Kern said Thursday (Feb. 8) that he will step down in May after four years in that role, having led the company as it rationalized its operations and optimized its IT footprint.Kern and Expedia announced this move on the same day the global travel platform announced its fourth quarter and full year 2023 results.“When this started, the idea was for me to come in for a period of time and sort of right the ship, put us where we want it to be, and then build the team and make sure we hav ...

For the quarter ended December 2023, Expedia (EXPE) reported revenue of $2.89 billion, up 10.3% over the same period last year. EPS came in at $1.72, compared to $1.26 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.88 billion, representing a surprise of +0.22%. The company delivered an EPS surprise of +2.99%, with the consensus EPS estimate being $1.67.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...

Expedia Group, Inc. (NASDAQ:EXPE) Q4 2023 Earnings Conference Call February 8, 2024 4:30 PM ET Company Participants Harshit Vaish - SVP-Corporate Development, Strategy and Investor Relations Peter Kern - Vice Chairman and Chief Executive Officer Julie Whalen - Chief Financial Officer Conference Call Participants Naved Khan - B. Riley Kevin Kopelman - Cowen Eric Sheridan - Golden Sachs Lee Horowitz - Deutsche Bank Anthony Post - Bank of America Jed Kelly - Oppenheimer Mark Mahaney - Evercore ISI Operator Goo ...

Expedia (EXPE) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.67 per share. This compares to earnings of $1.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.99%. A quarter ago, it was expected that this online travel company would post earnings of $5.15 per share when it actually produced earnings of $5.41, delivering a surprise of 5.05%.Over the last four quarters, the comp ...