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Expedia's gross bookings rose 13% with revenue up by 12%

02/09/2019| 10:48:24 AM| ChinaTravelNews 中文

Total stayed lodging room nights increased 13% year-over-year for the full year 2018, and HomeAway's stayed property nights grew 29%.

Expedia Group announced financial results for the fourth quarter and full year ended December 31, 2018.

Key Highlights

• Gross bookings increased 13% year-over-year to $99.7 billion for the full year 2018. Revenue increased 12% year-over-year to $11.2 billion for the full year.

• For full year 2018, Net income, Adjusted net income and Adjusted EBITDA grew 7%, 33% and 15% year-over-year, respectively. 

• Total stayed lodging room nights increased 13% year-over-year for the full year 2018, and 11% in the fourth quarter. HomeAway stayed property nights grew 29% year-over-year for the full year 2018, and 20% for the fourth quarter.

• Expedia Group exceeded 1 million properties available on its core lodging platform as of December 31, 2018, including over 370,000 integrated HomeAway listings.

Fourth Quarter 2018: Total gross bookings increased 11%, driven primarily by growth in Expedia Partner Solutions and Brand Expedia. Domestic gross bookings increased 13% and international gross bookings increased 8%.

Full Year 2018: Total gross bookings increased 13%, driven primarily by growth in Brand Expedia, HomeAway, Hotels.com and Expedia Partner Solutions. Domestic gross bookings increased 11% and international gross bookings increased 15%.

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TAGS: Expedia | HomeAway | financial statement | OTA
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