Travel company Expedia Group (NASDAQ: EXPE) reported strong revenue and adjusted earnings growth in the fourth quarter of 2023, reflecting strong demand across geographic regions and product categories.
For the three-month period, revenue increased 10% to $2.89 billion, and gross bookings increased 6% year-over-year to $21.67 billion.
Expedia’s adjusted earnings for the fourth quarter were $1.72 per share, an increase of 37% year-over-year, driven by strong sales. Meanwhile, net income on an unadjusted basis fell to $132 million, or $0.92 per share, in the fourth quarter, from $177 million, or $1.11 per share, in the year-ago period. .
“Going forward, we are able to operate without many of the constraints we have faced in recent years. We are focused on delivering the best product and partner experience possible,” said Peter Kahn, CEO of Expedia.
