Expedia (EXPE) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Expedia reported revenue of $2.89 billion for the quarter ended December 2023, reflecting a year-over-year increase of 10.3% [1] - The earnings per share (EPS) for the quarter was $1.72, up from $1.26 in the same quarter last year [1] - The reported revenue slightly exceeded the Zacks Consensus Estimate of $2.88 billion, resulting in a revenue surprise of +0.22% [1] - The EPS also surpassed the consensus estimate of $1.67, with a surprise of +2.99% [1] Financial Performance Metrics - Total gross bookings were reported at $21.67 billion, slightly below the estimated $21.89 billion [3] - Merchant gross bookings amounted to $12.23 billion, compared to the estimate of $12.27 billion [3] - Agency gross bookings were $9.44 billion, lower than the average estimate of $9.62 billion [3] - Non-U.S. (International) revenue reached $1.10 billion, exceeding the estimate of $1.05 billion, with a year-over-year change of +22.1% [3] - U.S. (Domestic) revenue was reported at $1.79 billion, slightly below the estimate of $1.84 billion, with a year-over-year change of +4.1% [3] - B2C revenue was $1.96 billion, compared to the estimate of $2.02 billion, reflecting a year-over-year change of +4.5% [3] - B2B revenue was $864 million, surpassing the estimate of $790.92 million, with a year-over-year change of +27.8% [3] - Revenue from Trivago was $65 million, below the estimate of $77.11 million, showing a year-over-year decline of -38.7% [3] - Revenue for Expedia Group (excluding Trivago) was $2.81 billion, with a year-over-year increase of +10.7% [3] - Revenue by service type for lodging was $2.30 billion, exceeding the estimate of $2.28 billion, with a year-over-year change of +14.4% [3] - Air revenue was reported at $86 million, below the estimate of $103.23 million, reflecting a year-over-year decline of -7.5% [3] - Advertising and media revenue was $205 million, slightly below the estimate of $213.17 million, with a year-over-year change of +16.5% [3] Stock Performance - Over the past month, Expedia shares have returned +1.7%, compared to the Zacks S&P 500 composite's +6.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]