Shares of Expedia Group closed down 18% on Friday, their biggest single-day drop in nearly four years, after the online travel firm said it expected 2024 revenue growth rates to moderate as air fares soften from post-pandemic highs. The company late on Thursday also said Chief Executive Officer Peter Kern would step down from his position and be replaced by company insider Ariane Gorin. Expedia shares snapped a four-day winning streak and dragged down those of other travel firms following the warning. Booki ...

Expedia Group, Inc. (EXPE) delivered fourth-quarter 2023 adjusted earnings of $1.72 per share, up 37% from the year-ago quarter. The figure beat the Zacks Consensus Estimate by 2.99%. Revenues of $2.89 billion rose 10% year over year. The figure surpassed the Zacks Consensus Estimate of $2.88 billion. Year-over-year revenue growth was driven by the strong performance delivered by the B2B segment. Strength in lodging offerings and growing momentum across non-U.S. regions contributed well. Growing gross booki ...

财务表现 - Expedia在2023年实现了创纪录的营收，达到128亿美元，其中第四季度营收为29亿美元，同比增长10%[2][2] - 公司在2023年回购20亿美元的股票，并且受益于较高的利率，使得全年每股稀释收益同比增长了145%[3][3] - 公司预计2024年营收将增长约10%，并且盈利率有望适度提高，但由于CEO Peter Kern突然辞职，导致股价下跌19%[4][4] 领导变动 - 新任CEO Ariane Gorin将继续执行Kern的CEO策略，这一策略在过去带来了创纪录的财务业绩[6][6]

Expedia (NASDAQ:EXPE) stock plunged 15% after disappointing bookings numbers and the departure of CEO Peter Kern. The travel site earned $132 million, 92 cents per share fully diluted, on revenue of $2.89 billion during the quarter. This compared with net income of $177 million, $1.11 per share, and revenue of $2.61 billion a year earlier. However, the departure of Kern, who had been CEO for four years, spooked investors the most. Expedia was due to open this morning at about $134 per share, a market capita ...

Proactive新闻团队 - Josh Lamb在2022年毕业于肯特大学历史专业，后加入Proactive担任英国编辑团队的记者[1] - Proactive的新闻团队遍布全球主要金融和投资中心，设有办事处和工作室[2] Proactive的专业领域 - Proactive是中小市值市场的专家，同时也关注蓝筹公司、大宗商品和更广泛的投资故事，为激励的私人投资者提供内容[3] Proactive团队的报道范围 - Proactive团队提供跨市场的新闻和独特见解，涵盖生物技术和制药、矿业和自然资源、电池金属、石油和天然气、加密货币以及新兴数字和电动汽车技术等领域[4]

Expedia公司业绩 - Expedia发布季度业绩超过预期，但股价下跌[1] - Expedia第四季度调整后盈利为$242百万，每股$1.72，营收为$2.89十亿[5] - 第四季度总毛利为$21.67十亿，略低于预期的$22十亿[5] 高管变动 - 新任CEO为Ariane Gorin，曾担任公司B2B部门总裁[1] - CEO Peter Kern辞职，将由Ariane Gorin接任[6] - 董事会认为Ariane是最佳人选[7] 股价走势 - 股价可能在$133附近找到关键支撑[1] - 股价在11月初重新站上200日移动平均线后急剧上涨[8] - 股价在盘后交易中下跌13%，至$138.68[8]

Expedia集团CEO变动 - Expedia集团首席执行官Peter Kern宣布将于五月份辞职[1] - Ariane Gorin将接替Peter Kern成为Expedia集团的新首席执行官[4] Expedia集团业务调整 - 自2020年担任CEO以来，Expedia已经将投资从20多个品牌减少到每个地区的三个或更少[5] - Expedia通过优化IT基础设施，将17个客户关系管理系统替换为一个系统，将7个不同的忠诚度堆栈减少到一个，将13个机器学习平台和4个实验平台合并为一个[6] - 所有品牌现在都在一个统一的前端堆栈上，这使得Expedia能够快速推出测试和功能[7] Expedia集团市场策略 - Expedia将利用机器学习和人工智能能力来针对具有最高生命周期价值的客户，增加每位客户的购买力，加速全球市场扩张，并通过更少的资源提高生产力[10]

For the quarter ended December 2023, Expedia (EXPE) reported revenue of $2.89 billion, up 10.3% over the same period last year. EPS came in at $1.72, compared to $1.26 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $2.88 billion, representing a surprise of +0.22%. The company delivered an EPS surprise of +2.99%, with the consensus EPS estimate being $1.67. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

财务数据和关键指标变化 - 2023年全年总预订量超过1040亿美元,同比增长10% [41] - 2023年全年住宿预订量近740亿美元,同比增长11%,其中酒店业务增长18% [41] - 2023年全年收入128亿美元,同比增长10% [41] - 2023年全年EBITDA27亿美元,EBITDA利润率21%,同比增长约75个基点 [41] 各条业务线数据和关键指标变化 - 住宿业务在第四季度增长8%,与第三季度增速基本持平 [43] - 酒店业务在第四季度增长13% [43] - 航空业务在第四季度受到平均票价下降的影响 [43][44] - Vrbo业务在第四季度受到前端迁移影响,转化率有所下降,但正在快速恢复 [15][16] 各个市场数据和关键指标变化 - 公司在主要市场保持或增加了酒店业务的市场份额 [44] - 国际市场增长速度预计将快于北美和西欧 [25] 公司战略和发展方向及行业竞争 - 公司正在加大全球市场的投资力度,以期在更多市场重拾增长势头 [30][31] - 公司将继续加强B2B业务,2023年收入和利润同比增长超过33% [31][32] - 公司将通过提高运营效率和降低成本来提升利润率 [33][34] 管理层对经营环境和未来前景的评论 - 预计2024年整体市场增速将有所放缓,但公司仍有望实现双位数的收入增长 [52] - 公司有望进一步优化成本结构,提升利润率 [53][54] - 公司将加大全球市场的营销投入,以推动国际业务增长 [55] 问答环节重要的提问和回答 问题1 **Naved Khan 提问** 对Vrbo业务的恢复情况和One Key计划的进展情况 [62][63] **Peter Kern 回答** Vrbo业务转型过程中出现的转化率下降已基本恢复,未来将加大营销投入推动增长 [63][64] One Key计划正在推进,初步数据显示会员跨品牌购买和重复购买有所增加,但需要一定时间周期来完全发挥效果 [64][65][66][67] 问题2 **Eric Sheridan 提问** One Key和技术重塑对公司未来产品和创新的影响 [81][82] **Peter Kern 回答** One Key将增强会员粘性,公司正在将机器学习和AI深度融入产品体验,提升个性化和相关性,从而提高产品粘性和转化 [82][83][84][85] 问题3 **Lee Horowitz 提问** Vrbo业务在宏观环境和竞争格局变化下的表现和应对 [88][89][90] **Peter Kern 回答** Vrbo业务在城市和非城市市场表现有所差异,公司将通过产品升级和营销投放来推动Vrbo业务恢复增长 [90][91][92][93][94]

Expedia (EXPE) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.67 per share. This compares to earnings of $1.26 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 2.99%. A quarter ago, it was expected that this online travel company would post earnings of $5.15 per share when it actually produced earnings of $5.41, delivering a surprise of 5.05%. Over the last four quarters, the c ...