Expedia, the Bellevue-based online travel giant, today reported $2.1 billion in fourth quarter revenue, a 23 percent increase over the same period last year as room night stays increased 15 percent. The company’s new HomeAway unit brought in $166 million in revenue, a 30 percent increase.
Operating income surged 399 percent to $147.2 million. Here are the results from Expedia’s financial release:
Expedia owns and operates a number of travel brands, including Hotels.com, Orbitz, Hotwire.com, Trivago. In today’s earnings release, the company noted that the acquisitions of Orbitz and HomeAway in 2015 have “had significant impacts on Expedia’s consolidated financial and operating metrics.”
Expedia still gets the bulk of its revenue from its hotel business, which accounted for 61 percent of all revenue in 2016. HomeAway accounted for eight percent, the same as Expedia’s airfare business.
Expedia’s stock slumped just over two percent in after hours trading. Shares of Expedia are up 31 percent in the past year, now trading at about $120 per share.
