Expedia Soars After Strong Q4 Results
EXPE Up 15.77%
Key Metrics Beat Expectations
* Revenue
* EPS
* EBITDA
Sales Growth Driven By:
* 13% increase in gross bookings
* "Better-than-expected travel demand"
Margin Expansion:
* Adjusted EBITDA up 21%
* Adjusted EBIT up 50%
Long-Term Confidence:
* Quarterly dividend of $0.40 reinstated
Market Reaction:
* Stock upgraded from Hold to Buy by HSBC
* Rare move of over 5%
* Market sees positive impact on business perception
Q1 Outlook:
* Gross bookings in low single digits
* Revenue growth in mid-single digits
* Pressure in air business and Vrbo brand
New CEO:
* Ariane Gorin appointed CEO, succeeding Peter Kern
Year-to-Date Performance:
* Up 7.6%
* New 52-week high of $199.33
Long-Term Investment:
* $1,000 investment 5 years ago now worth $1,811