Expedia Group - EXPE STOCK NEWS

Expedia Group (NASDAQ: EXPE) reported strong Q4 2024 results with significant growth across key metrics. Room nights increased 12% year-over-year, while total gross bookings and revenue grew 13% and 10% respectively. The company demonstrated robust performance in both B2C and B2B segments, with bookings growth accelerating 5 points to 9% and 24% respectively.

Fourth quarter financial highlights include a 124% increase in net income to $299 million and a 21% rise in adjusted EBITDA with 175 basis points margin expansion. For the full year 2024, the company achieved 7% growth in both gross bookings and revenue compared to 2023.

In a significant move for shareholders, Expedia Group announced the reinstatement of its quarterly dividend at $0.40 per share, starting March 2025. The company also reported substantial share repurchases, buying back over 12 million shares for $1.6 billion in 2024.

Expedia has released its 2025 Air Hacks Report, revealing key insights for flight savings. Contrary to popular belief, August emerges as the cheapest month to fly, with potential savings of 12% for domestic and 7% for international flights compared to peak months. The report shows that booking on Sundays can save travelers up to 17% on international flights, while departing on Thursdays or Saturdays can reduce costs by up to 17%.

The data indicates that domestic flight prices have decreased by 1% from 2023, with average tickets at $462, while international fares dropped 4% to $849. For optimal savings, domestic flights should be booked 1-3 months ahead (saving 25%), and international flights 18-29 days before departure (saving 17%). Expedia has also launched a new Flight Deals tool on its app, highlighting fares at least 20% below typical prices.

Expedia Group (NASDAQ: EXPE) has announced it will release its fourth quarter 2024 financial results on Thursday, February 6, 2025, after market close. The results will cover the period ended December 31, 2024. The company will host a webcast at 1:30 PM Pacific Time / 4:30 PM Eastern Time to discuss the results. Both the earnings release and webcast will be accessible through the Investor Relations section of Expedia's corporate website. A replay of the earnings call will remain available for approximately twelve months.

Expedia Group (NASDAQ: EXPE) has appointed Scott Schenkel as its new Chief Financial Officer, effective after the company files its 2024 Annual Report (expected around February 7, 2025). Schenkel brings over 30 years of global business and financial leadership experience, particularly in e-commerce, healthcare, and technology sectors. He previously served as Interim CEO and CFO at eBay Inc., and spent 17 years at General Electric Company in various financial leadership roles.

The appointment follows the previously announced departure of current CFO Julie Whalen, who will remain through February 2025 to ensure a smooth transition. In his new role, Schenkel will lead Expedia Group's global finance organization and report directly to CEO Ariane Gorin from Seattle headquarters.

Expedia Group (NASDAQ: EXPE) has appointed Shilpa Ranganathan as Chief Product Officer, marking her return to the company. Ranganathan brings over 25 years of expertise in building customer-centric products and will lead the product and design teams. She most recently served as Corporate Vice President at Microsoft, where she led Windows end-user, developer, and marketplace teams for 16+ years.

Prior to Microsoft, Ranganathan worked at Expedia for three years on the product team responsible for Expedia.com, Expedia.ca, and private label products. She will join the Travel Leadership Team in January, based in Seattle, reporting directly to CEO Ariane Gorin.

Expedia Group has announced a special initiative combining Travel Tuesday and Giving Tuesday on December 3. For every booking made on their US, CA, and UK sites, the company will donate $5 (up to $1M) to the Made to Travel Fund, a donor-advised fund at Percent Impact Foundation.

The Made to Travel Fund supports nonprofits focused on removing barriers to travel and has already awarded over $2.5M in grants. These organizations work to empower underserved travelers and ensure they feel safe and welcome during their travels, aligning with Expedia Group's commitment to making travel more inclusive and accessible for all.

Expedia, Hotels.com, and Vrbo have launched their biggest travel sale of the year, running from Nov. 22 to Dec. 4. Members can save 30% or more on select hotels through Expedia and Hotels.com, plus up to 15% on rental cars. Vrbo is offering discounts on vacation rentals, with average savings of 10% for week-long stays and 20% for monthly stays in destinations like Gatlinburg, Orlando, and Breckenridge. All deals are valid for travel until Dec. 15, 2025, and require logging into or signing up for a free One Key account.

Expedia Group (NASDAQ: EXPE) reported strong Q3 2024 results with notable growth across key metrics. Room nights increased 9% year-over-year, while total gross bookings reached $27.5 billion, up 7%. Revenue grew 3% to $4.1 billion, despite a 2-point negative FX impact. B2B performance was particularly strong, with gross bookings up 19% and revenue growing 18% to $1.2 billion. The company's lodging segment saw 8% growth in gross bookings to $20.0 billion. Financial highlights include a 61% increase in net income and 76% growth in diluted EPS to $5.04. The company also announced a CFO transition, with Julie Whalen stepping down from her role and board position.

Expedia Group has released a new research study titled 'Journeys for All: An Expedia Group Study on Inclusion in Travel', focusing on travel barriers faced by underserved communities in the United States. The study reveals that 80% of underserved travelers, including Black, Latino, LGBTQIA+, and travelers with disabilities, encounter significant challenges throughout their travel experiences. The research examines various stages of the travel journey, from planning to destination experiences, highlighting the need for industry-wide changes to promote inclusivity and build a more diverse visitor base.