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Expedia Group Inc. (EXPE) has submitted its Form 10-K filing for the fiscal year ended December 31, 2024.
The filing reports a total revenue of $13.7 billion for the year, a 7% increase from the previous year, primarily driven by growth in the B2B segment.
Lodging revenue, which accounts for 80% of total revenue, increased by 7%, with room nights booked growing by 9%.
The company reported a net income of $1.2 billion, up from $688 million in the previous year.
Operating income was $1.3 billion, reflecting a 28% increase from 2023, attributed to revenue growth and cost efficiencies.
Expedia's cash and cash equivalents, including restricted cash, totaled $5.6 billion at year-end, with no outstanding borrowings under its $2.5 billion revolving credit facility.
The company repurchased 12.1 million shares of its common stock during the year, at an average price of $133.85 per share, totaling $1.6 billion.
Expedia recognized $147 million in intangible asset impairment charges related to trade names within its B2C and trivago segments.
The company disclosed that it had $6.3 billion in outstanding debt, with a $1 billion maturity due in 2025.
Expedia's effective tax rate for 2024 was 20.6%, broadly in line with the U.S. federal statutory income tax rate.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Expedia Group Inc. annual 10-K report dated February 7, 2025. To report an error, please email earnings@qz.com.