Following the succession from Peter Kern to Ariane Gorin, Expedia Group taps two long-time Expedia veterans to lead newly formed operating divisions SEATTLE, Feb. 21, 2024 /PRNewswire/ -- Expedia Group (NASDAQ: EXPE) today announced the appointment of Alfonso Paredes as President of Private Label Solutions and Greg Schulze as President of Travel Partners and Media, creating two new operating divisions within the Company. Ariane Gorin, current Expedia for Business president, scheduled to take over as CEO of ...

Expedia Group Inc. (EXPE, Financial) announced its full-year 2023 results earlier this month, and markets did not take kindly to developments in its earnings, with the stock dropping by 18% the day after earnings were announced. Management warned that the tailwinds in travel demand seen by the company so far in 2023 could be moderating globally in 2024, especially within air travel. But what really seems to have blindsided investors was news about Expedia's CEO, Peter Kern, stepping down from the company to ...

Edwin Tan Investment Thesis: I take the view that Expedia Group (NASDAQ:EXPE) has the capacity for further upside based on an attractive P/E ratio, continued earnings growth, and impressive revenue growth across the B2B segment. In a previous article back in September, I made the argument that Expedia Group could see significant growth from here based on strong growth in gross bookings coupled with a lower long-term debt to total assets ratio. While the stock has seen substantial growth from a price of $99 ...

Shares of Expedia Group closed down 18% on Friday, their biggest single-day drop in nearly four years, after the online travel firm said it expected 2024 revenue growth rates to moderate as air fares soften from post-pandemic highs. The company late on Thursday also said Chief Executive Officer Peter Kern would step down from his position and be replaced by company insider Ariane Gorin. Expedia shares snapped a four-day winning streak and dragged down those of other travel firms following the warning. Booki ...

Expedia Group, Inc. (EXPE) delivered fourth-quarter 2023 adjusted earnings of $1.72 per share, up 37% from the year-ago quarter. The figure beat the Zacks Consensus Estimate by 2.99%.Revenues of $2.89 billion rose 10% year over year. The figure surpassed the Zacks Consensus Estimate of $2.88 billion.Year-over-year revenue growth was driven by the strong performance delivered by the B2B segment. Strength in lodging offerings and growing momentum across non-U.S. regions contributed well.Growing gross bookings ...

Shares of travel bookings platform Expedia Group (EXPE -18.85%) dropped on Friday after the company reported financial results for the fourth quarter of 2023. In reality, the numbers were pretty good, but a surprise change of CEO cast a shadow over the financial results. As of 11:30 a.m. ET, Expedia stock was down 19%.Expedia's record yearExpedia generates revenue in several ways, including processing travel bookings, earning commissions, and advertising. In 2023, the company generated record revenue of $12 ...

Expedia (NASDAQ:EXPE) stock plunged 15% after disappointing bookings numbers and the departure of CEO Peter Kern.The travel site earned $132 million, 92 cents per share fully diluted, on revenue of $2.89 billion during the quarter. This compared with net income of $177 million, $1.11 per share, and revenue of $2.61 billion a year earlier.However, the departure of Kern, who had been CEO for four years, spooked investors the most. Expedia was due to open this morning at about $134 per share, a market capitali ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Key TakeawaysExpedia shares tumbled despite topping quarterly earnings and sales expectations as bookings came in worse than expected and the company announced the appointment of a new CEO.Incoming CEO Ariane Gorin has most recently served as president of the company’s B2B arm—Expedia for Business.The Expedia share price is likely to find key support around $133 from a multi-month horizontal trendline and the 200-day moving average. Expedia Group, Inc. Source: TradingView.com.Expedia late Thursday (EXPE) ...

Expedia Group CEO Peter Kern said Thursday (Feb. 8) that he will step down in May after four years in that role, having led the company as it rationalized its operations and optimized its IT footprint.Kern and Expedia announced this move on the same day the global travel platform announced its fourth quarter and full year 2023 results.“When this started, the idea was for me to come in for a period of time and sort of right the ship, put us where we want it to be, and then build the team and make sure we hav ...