Expedia is in the news for being one of the companies working against Donald Trump’s travel ban, but the bigger news for investors is that the travel company is raking it in. Expedia Q4 2016 revenue hit $2.09 billion. Q4 2016 revenue for Expedia was $1.7 billion — that’s a whopping 23.2% jump. Expedia’s action against the travel ban goes to the heart and soul of the company, which is supporting Washington State’s lawsuit against the ban.
Expedia CEO Dara Khosrowshahi told the New York Times that Expedia is “generally not aggressive against issues that do not relate to our company, but this is travel, our soul and spirit, and we felt we had to respond.” Khosrowshahi is an Iranian immigrant who attended Brown University, the Ivy League school in Rhode Island. Expedia is the largest of the multitude of online travel booking companies, with ownership of more than 27 individual brands under its umbrella. Among these are Hotels.com, Orbitz, Hotwire.com, Trivago, Venere.com, Classic Vacations, CarRentals.com and Travelocity.