By Katherine Hamilton
Expedia Group's profit and revenue rose in the fourth quarter as bookings increased across segments.
The Seattle online travel agency on Thursday posted net income of $299 million, or $2.20 a share, in the three months ended Dec. 31, up fro $132 million, or 92 cents a share, a year earlier.
Stripping out certain one-time items, adjusted per-share earnings were $2.39, ahead of the $1.63 forecast by analysts, according to FactSet. Revenue rose 10% to $3.18 billion, ahead of the $3.07 billion forecast by analysts.
Bookings grew in all three of Expedia's core consumer brands. Revenue from the company's business-to-business segment increased 21%.
The number of booked nights grew 12% in the fourth quarter and 9% for the full year. Total gross bookings rose 13% for the quarter.
Shares of Expedia rose 7.3% to $185.20 in after-hours trading.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
February 06, 2025 16:20 ET (21:20 GMT)
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