Gross bookings saw an 11% rise to $27 billion, surpassing projections. The company’s B2B division emerged as a key growth driver, with a 24% increase in gross bookings in the fourth quarter compared to a 5% growth in the B2C segment.
Expedia’s CEO, Ariane Gorin, attributed the positive results to the company’s focused execution of strategic priorities within a strong demand environment.
Despite its financial success, Expedia recently implemented a workforce reduction, resulting in the layoff of 162 employees in Washington state.
Looking ahead to the first quarter, Expedia anticipates gross bookings ranging from $34.6 billion to $35.2 billion, a 10% to 12% year-over-year increase, and revenue between $3.32 billion and $3.37 billion, up 11% to 13%. The company’s full-year guidance aligns with market expectations.
Following the earnings report, Expedia’s shares experienced a decline of more than 3% in after-hours trading.
