Expedia Group, Inc. (NASDAQ:EXPE) shares are soaring 5.12% in pre-market trading on Monday, following the company's strong fourth-quarter results and growing interest from billionaire investors. The online travel agency giant has demonstrated resilience and growth despite recent market volatility and global economic concerns.

Expedia's Q4 2024 performance exceeded expectations, with revenues reaching $3.18 billion, up 10.3% year-over-year. The company reported continued strong execution and better-than-expected travel demand across its platforms. CEO Ariane Gorin highlighted that all three of Expedia's core consumer brands achieved bookings growth, while the B2B business saw accelerated expansion.

Adding to the positive sentiment, billionaire investors have shown increased interest in Expedia as a high-risk, high-reward stock. The company has attracted 14 billionaire investors with holdings totaling $12.27 billion, according to recent reports. Analysts remain optimistic about Expedia's future, citing the company's 7% growth in global active membership for its loyalty program and projecting an 18.92% EPS growth over the next five years. However, it's worth noting that Wells Fargo has recently cut its target price for Expedia to $143 from $199, suggesting some caution amid the overall positive outlook.