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A harsh winter storm in December snarled airport operations around the United States leading to thousands of flight cancellations, spoiling holiday plans for travelers.
Shares in the company fell 7.6% after the bell.
“While our Q4 results were negatively impacted by severe weather, demand was otherwise strong and accelerating,” Expedia Chief Executive Officer Peter Kern said in the company’s earnings release.
Expedia reported fourth-quarter adjusted profit of $1.26 per share for the quarter ended Dec. 31, short of estimates of $1.67 per share, according to Refinitiv data.
Expedia’s revenue of $2.62 billion missed Street estimates of $2.7 billion.
Meanwhile, the Seattle-based company reported $20.5 billion in total gross bookings across its travel products including lodging and flights, up 17% a year prior.
