Expedia Group Inc. (NASDAQ: EXPE) reported impressive fourth-quarter results, with its financial performance surpassing analysts' expectations. The online travel booking platform's stock soared after-hours, reflecting investors' optimism about the company's strong performance and favorable outlook for the travel industry.

In the fourth quarter of 2024, Expedia's revenue reached $3.18 billion, exceeding analysts' consensus estimate of $3.07 billion. The company's adjusted earnings per share (EPS) of $2.39 also surpassed the projected $2.04, underscoring its profitability. Expedia's adjusted EBITDA of $643 million exceeded expectations of $570.9 million.

The robust results were driven by robust travel demand, particularly in the international market. Expedia reported a 12% year-over-year increase in booked room nights, reaching 86.4 million for the quarter. Additionally, the company's gross bookings grew by an impressive 13% to $24.4 billion, reflecting the strong demand for travel services.

Ariane Gorin, CEO of Expedia Group, highlighted the company's execution and the better-than-expected travel demand, stating, "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."

Expedia's positive results and outlook for the travel industry have bolstered investor confidence, driving a significant surge in the company's stock price after-hours. Analysts believe that the pent-up demand for travel, coupled with Expedia's strategic initiatives, positions the company for continued growth in the coming quarters.