EXPE stock | Earnings | Feb 6 2025 | Dividend - 2025 First quarter | Buy back?

Expedia Group Reports Fourth Quarter and Full Year 2024 Results

Double-digit room nights, gross bookings, and revenue growth in the fourth quarter

Both B2C and B2B bookings growth accelerated 5 pts sequentially in the fourth quarter

Reinstates quarterly dividend 

February 06, 2025 04:01 PM Eastern Standard Time

SEATTLE--(BUSINESS WIRE)--Expedia Group, Inc. (NASDAQ: EXPE) announced financial results today for the fourth quarter and full year ended December 31, 2024.

Key Highlights

• Booked room nights grew 12% in the fourth quarter year-over-year and 9% for full year 2024.
• Total gross bookings and revenue grew 13% and 10% year-over-year, respectively in the fourth quarter. Full year gross bookings and revenue both grew 7% compared to 2023.
• B2C and B2B gross bookings growth accelerated 5-points to 9% and 24% respectively in the fourth quarter.
• Lodging gross bookings grew 12% year-over-year in the fourth quarter; hotel bookings were up 14%.
• Fourth quarter net income grew 124% and adjusted net income grew 30%, year-over-year. Adjusted EBITDA increased 21% with 175 basis points of margin expansion, and adjusted EBIT increased 50% with 282 bps of margin expansion.
• Repurchased over 12 million shares for $1.6 billion in 2024.
• Declares a quarterly dividend of $0.40 starting in March 2025.

“Our fourth quarter results exceeded our expectations and reflect continued strong execution and better-than-expected travel demand. All three of our core consumer brands achieved bookings growth and we further accelerated growth in our B2B business. These results contributed to a solid full year 2024 for us," said Ariane Gorin, CEO of Expedia Group. "The reinstatement of our quarterly dividend reflects our confidence in our long-term outlook and commitment to shareholder returns."

Reinstatement of Quarterly Dividend

Our Board of Directors has approved the reinstatement of a quarterly cash dividend. The Executive Committee of the Board, acting on its behalf, declared a first quarter dividend of $0.40 per share of the company’s outstanding common stock, to be paid on March 27, 2025 to holders of record on March 6, 2025. Expedia Group suspended its quarterly cash dividend in the second quarter of 2020 in response to uncertainty driven by the global coronavirus pandemic. Going forward, Expedia Group expects to pay a cash dividend on a quarterly basis, subject to approval by its Board of Directors and to the Board's continuing determination that the declarations of dividends are in the best interests of Expedia Group and its stockholders.

Conference Call

Expedia Group, Inc. will webcast a conference call to discuss fourth quarter 2024 financial results and certain forward-looking information on Thursday, February 6, 2025 at 1:30 p.m. Pacific Time (PT). The webcast will be open to the public and available via ir.expediagroup.com. Expedia Group expects to maintain access to the webcast on the IR website for approximately twelve months subsequent to the initial broadcast.

About Expedia Group

Expedia Group, Inc. brands power travel for everyone, everywhere through our global platform. Driven by the core belief that travel is a force for good, we help people experience the world in new ways and build lasting connections. We provide industry-leading technology solutions to fuel partner growth and success, while facilitating memorable experiences for travelers.