Financial Data and Key Metrics Changes - Total gross bookings reached $30.2 billion, up 3% year-over-year, driven primarily by lodging gross bookings which grew 4% [11] - Revenue increased to $2.9 billion, reflecting an 8% growth compared to last year, supported by higher revenue margins and increased advertising revenue [11][12] - EBITDA for Q1 was $255 million, up 38% year-over-year, with an EBITDA margin of 8.8%, expanding over 190 basis points [14] - Free cash flow for the quarter was $2.7 billion, although year-over-year decline was noted due to timing changes within working capital [16] Business Line Data and Key Metrics Changes - The hotel business saw a significant growth of 12%, while Vrbo continued to experience softness, impacting overall performance [11][12] - B2B business grew by 25%, contributing positively to the overall gross bookings despite challenges in the B2C segment [12][18] - Direct sales and marketing expenses increased by 11% year-over-year, primarily due to commissions paid to B2B partners [12] Market Data and Key Metrics Changes - North America remains the slowest growing geography, but the gap is closing as the market normalizes post-pandemic [7][8] - The company anticipates mid to high single-digit top-line growth for the full year, reflecting a cautious outlook based on current trends [9][18] Company Strategy and Development Direction - The company is focusing on optimizing its consumer business by driving traffic, increasing conversion rates, and expanding margins through efficient marketing [22][24] - Investments will continue in Vrbo and international growth markets to reignite growth trajectories [9][10] - The leadership transition aims to sharpen the long-term strategy for the consumer business while leveraging strengths in B2B and advertising [21][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improving product performance and the potential for future growth despite current challenges [10][18] - The company is committed to long-term transformation and believes that investments made will eventually yield positive results [20][24] - Management acknowledged the slower-than-expected recovery in Vrbo and indicated a need for continued investment to regain momentum [9][30] Other Important Information - The company ended the quarter with strong liquidity of $8.2 billion and a gross leverage ratio of 2.3 times, progressing towards a target of 2 times [16] - Share repurchases totaled over $780 million year-to-date, reflecting confidence in the stock's long-term performance [17] Q&A Session Summary Question: How does the company view Vrbo in the competitive landscape? - Management emphasized a strong core business for Vrbo, focusing on whole home rentals and improving product offerings to regain market share [28][30] Question: Is the cautious outlook for the full year due to Vrbo specifically? - Management clarified that while Vrbo has faced challenges, there are positive trends in the non-Vrbo B2C business, indicating overall share gains in the hotel segment [34][35] Question: What led to the decision to pivot towards pricing investments? - The company identified opportunities for better returns through pricing adjustments rather than increased marketing spend, aiming to drive customer acquisition more efficiently [38][39] Question: What is the current status of the One Key loyalty program? - The One Key program has seen a 40% year-on-year increase in new memberships, with positive cross-shopping results indicating its effectiveness [52] Question: How does the company plan to address the performance of Hotels.com? - Management acknowledged the brand's struggles post-migration but expressed optimism about future growth as international markets are revisited [47][48] Question: What are the expectations for B2B growth in the long term? - While specific projections were not provided, management remains optimistic about the B2B segment's potential due to its diverse partnerships and market opportunities [76]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37429 EXPEDIA GROUP, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpo ...

Expedia Group Reports First Quarter 2024 Results Posts strong first quarter revenue and profitability Revenue grew 8% y/y with margin expansion Accelerated level of share repurchases at $786 million year-to-date SEATTLE, WA – May 2, 2024 – Expedia Group, Inc. (NASDAQ: EXPE) announced financial results today for the first quarter ended March 31, 2024. "Our first quarter results met our guidance with a revenue and earnings beat but with less robust gross bookings. We saw continued momentum in B2B, Brand Exped ...

Expedia Group, Inc. (EXPE) is scheduled to report its first-quarter 2024 results on May 2.For the to-be-reported quarter, the Zacks Consensus Estimate for revenues is pegged at $2.80 billion, suggesting growth of 5.2% from the year-ago quarter’s reported figure.Further, the consensus mark for loss is pegged at 37 cents per share, suggesting a decline of 85% from the figure reported in the year-ago quarter.Let’s see how things have shaped up for the upcoming announcement.Key Factors to NoteExpedia’s first-qu ...

rvlsoft/iStock Editorial via Getty ImagesThe old adage is still true: the best time to buy is when others are fearful. While the markets continue to vacillate between gains and losses driven by escalating Middle East tensions and interest rate speculation, it’s also a great time to start migrating cash into equity positions that are well placed for a rebound. Expedia (NASDAQ:EXPE) is a great choice here. The travel booking site has been decimated by a 15% loss this year, but is well positioned to reboun ...

Thai Liang Lim In the past decade, the OTA (Online Travel Agency) industry has become more concentrated, with two players emerging on top: Booking Holdings Inc. (BKNG) and Expedia Group, Inc. (NASDAQ:EXPE). These OTAs represent a significant portion of the market-some 92% of the US OTA market-and command considerable pricing power with both consumers and service providers. Additionally, their combined brand portfolios hold significant brand recognition among consumers of all income levels and travel service ...

SolStock Expedia Group (NASDAQ:EXPE) has had an interesting journey over the past decade. Starting out with impressive growth, it soon found itself in crisis when the COVID pandemic hit. Peter Kern took the helm as CEO in 2020 and worked to keep the company alive and reshape it for a brighter future. As Kern's contract is complete, Q4 earnings served as a passing of the torch, while he summarized his accomplishments. With Expedia entering this new phase of its life, the market was not optimistic, and sh ...

The latest trading session saw Expedia (EXPE) ending at $135.74, denoting a +0.31% adjustment from its last day's close. The stock's change was more than the S&P 500's daily loss of 0.29%. Elsewhere, the Dow lost 0.35%, while the tech-heavy Nasdaq lost 0.3%.The online travel company's stock has climbed by 0.37% in the past month, falling short of the Retail-Wholesale sector's gain of 5.15% and the S&P 500's gain of 4.42%.Investors will be eagerly watching for the performance of Expedia in its upcoming earni ...

Industry Overview - The travel industry is experiencing a post-pandemic boom, but demand is beginning to slow down, leading to layoffs and financial adjustments among major players [1] - Expedia announced the termination of 1,500 employees, representing 9% of its workforce, due to declining demand, which is expected to impact its bottom line by $80 million to $100 million [1] - Booking Holdings and Sabre also anticipate weaker financial results, indicating a broader trend in the industry [1] Company Analysis: Expedia - Expedia's workforce reduction highlights the challenges faced by online travel agents amid decreasing demand [1] - The company's financial outlook is negatively affected by the layoffs, with significant cost implications [1] Company Analysis: Carnival - Carnival, the largest cruise ship operator, has not fully recovered to pre-pandemic levels, with shares trading 65% to 70% below their previous highs [3] - Despite a 76% increase in stock price over the past year, Carnival still carries $28.5 billion in long-term debt and only $2.4 billion in cash, with $5 billion in liquidity [4] - Booking volumes are at record highs, with customer deposits reaching $6.4 billion, indicating strong demand despite economic pressures [4] Company Analysis: United Airlines - United Airlines has improved since the pandemic but remains 43% below pre-COVID stock levels, facing challenges from Boeing's operational issues [5] - The airline recorded a $600 million GAAP net profit last quarter, a 28% decline from the previous year, and has nearly $30 billion in long-term debt [5] - High interest rates, elevated jet fuel prices, and labor costs are significant concerns for the airline's profitability [5] Company Analysis: Airbnb - Airbnb is showing resilience in a declining market, with stock up 22% year-to-date and over 38% higher than a year ago [7] - The company reported a 17% revenue growth last year, with profits more than doubling to nearly $5 billion, and gross booking values increased by 16% to $73 billion [7] - Airbnb's diverse offerings and global presence allow it to adapt to changing travel demands, maintaining a strong market position [7][8]

Core Viewpoint - Expedia Group (EXPE) is experiencing significant growth driven by strong customer momentum and expanding partnerships, with shares increasing by 47.5% over the past year compared to the Retail-Wholesale sector's 35.6% growth [1] Group 1: Partnerships and Global Expansion - The company has announced several partnerships aimed at expanding its global footprint across Asia-Pacific, North America, Europe, and the Middle East [1][2] - In Asia-Pacific, collaborations with various tourism agencies aim to enhance traveler experiences and promote sustainable tourism [3] - In North America, partnerships with Alaska Airlines and United Airlines will utilize Expedia's White Label Template technology to enhance online travel platforms [3] - In Europe, the addition of IAG Loyalty will leverage competitive rates and availability to expand loyalty programs [4] - In the Middle East, a partnership with Visit Qatar aims to boost global tourism demand through creative campaigns and data support [4] Group 2: Market Potential and Financial Outlook - The global travel and tourism market is projected to reach $927.3 billion in 2024 and $1.06 trillion by 2028, indicating a CAGR of 3.5% [4] - The online travel booking market is expected to reach $1.18 trillion by 2030, with a CAGR of 9.7% from 2024 to 2030 [5] - The Zacks Consensus Estimate for 2024 revenues for Expedia Group is $14.06 billion, reflecting a year-over-year growth of 9.5% [5] Group 3: Competitive Landscape - Expedia Group's recent partnerships are expected to strengthen its competitive position against peers such as TripAdvisor, Airbnb, and Booking Holdings, all of which are also pursuing growth opportunities in the travel and tourism market [6]