Expedia Group Reports $13.7 Billion Revenue and $1.2 Billion Net Income for Fiscal Year 2024

Expedia Group, Inc. reported total revenue of $13.7 billion for the fiscal year ended December 31, 2024, marking a 7% increase from $12.8 billion in 2023. The company's profitability also improved, with net income attributable to Expedia Group rising to $1.2 billion, or $9.39 per share, compared to $797 million, or $5.50 per share, in the previous year. This growth was primarily driven by a strong performance in the lodging segment, which accounted for approximately 80% of total revenue, and a notable 21% increase in the B2B segment's revenue, reflecting heightened demand for travel services.

In terms of operational metrics, Expedia's gross bookings reached $110.9 billion, a 7% increase from $104.1 billion in 2023. The number of booked room nights grew by 9%, while the average daily rates (ADRs) for rooms booked saw a slight decline of 1%. The company maintained a robust inventory of over 3.5 million lodging properties, including more than 2.5 million alternative accommodations through its Vrbo brand. The total employee headcount stood at approximately 16,500 as of December 31, 2024, with a significant portion engaged in technology roles.

Strategically, Expedia has focused on enhancing its technology infrastructure and streamlining operations. In 2023, the company migrated its Hotels.com and Vrbo platforms onto a unified technology stack, which is expected to improve efficiency and accelerate product innovation. Additionally, the launch of the One Key loyalty program in the U.S. and U.K. aims to enhance customer engagement by allowing users to earn and redeem rewards across multiple brands. However, the company has paused further international rollouts of this program to refine its approach.

The filing also highlighted challenges, including ongoing legal proceedings related to tax assessments and regulatory compliance in various jurisdictions. Notably, Expedia established a reserve of $3 million for potential settlements related to hotel occupancy and other taxes. The company remains committed to addressing these legal matters while focusing on its core business strategies. Looking ahead, Expedia anticipates continued growth in travel demand, although it acknowledges potential volatility due to macroeconomic factors such as inflation and geopolitical tensions. The company plans to leverage its extensive brand portfolio and technology capabilities to capture a larger share of the global travel market, which is projected to reach approximately $2.2 trillion by 2025.