Expedia Group (EXPE) is continuously gaining from a growing customer momentum on the back of its robust travel solutions portfolio.The latest partnership with Cathay is a testament to the aforesaid fact.Cathay will integrate Expedia’s White Label Template technology into its newly launched Cathay Holidays travel hub to expedite and customize travel booking and trip planning experiences of customers.Cathay partnership is expected to boost Expedia’s footprint in the travel and tourism market in Asia which as ...

Core Insights - Expedia announced the departure of Rathi Murthy and Sreenivas Rachamadugu due to a violation of company policy [1] - The company is actively searching for replacements and remains confident in its technology and strategy [1] - Murthy had recently discussed new AI-powered features, indicating her involvement in ongoing projects [1] Leadership Changes - Both Murthy and Rachamadugu joined Expedia in 2021 from Verizon Media [2] - This leadership change follows the recent appointment of Ariane Gorin as the new CEO of Expedia Group [2]

Core Insights - Expedia Group has launched several new AI-powered products and features aimed at enhancing customer travel experiences, including an AI-based travel assistant named Romie [1] - The company introduced Travel Shops, a new storefront for sharing travel recommendations, and a travel media network to leverage first-party data for targeted advertising [2] - Partnerships with Afterpay and Philippine Airlines have strengthened Expedia's booking and planning portfolio, enhancing customer flexibility and access to travel services [3] Market Opportunities - The global travel and tourism market is projected to reach $927.3 billion in 2024 and $1.06 trillion by 2028, with a CAGR of 3.5% [4] - The online travel booking market is expected to grow to $1.18 trillion by 2030, with a CAGR of 9.7% from 2024 to 2030 [4] - The Zacks Consensus Estimate for Expedia's 2024 revenues is $11.86 billion, reflecting a year-over-year growth of 22.4% [4] Competitive Landscape - Expedia Group aims to strengthen its competitive position against peers like TripAdvisor, Airbnb, and Booking Holdings, all of which are also enhancing their offerings in the travel market [6] - Competitors are launching their own AI-powered features, such as TripAdvisor's itinerary generator and Booking Holdings' generative AI enhancements [7][8]

Core Insights - Expedia is launching an AI assistant named Romie to enhance travel features such as search, itinerary building, and real-time updates like flight delays [1] - The company is also introducing smart search capabilities that allow users to describe hotel preferences in natural language [2] - Expedia is integrating data from various sources to provide tailored travel updates and suggestions [3] Group 1: AI Integration - Romie, the AI assistant, is trained on a mix of in-house and OpenAI models and can assist users via iMessage and WhatsApp [1] - The assistant can summarize itineraries, suggest restaurants, and link directly to the Expedia app [1] - Expedia has been experimenting with AI since last year, indicating a strategic shift towards integrating AI into its core offerings [3] Group 2: Competitive Landscape - Competitors like Booking.com and Airbnb are also developing AI-powered features, indicating a trend in the travel industry towards AI integration [3] - Startups are leveraging AI to create innovative travel solutions, such as Mindtrip's AI travel agent and Layla's end-to-end travel recommendation app [4] - Rathi Murthy, CTO of Expedia Group, expressed confidence that Expedia's multi-functional AI solution will differentiate it from competitors [4] Group 3: Upcoming Features - Expedia plans to launch a cross-date price comparison tool, an AI-powered help page, and guest review summaries in its upcoming spring update [5] - The company is currently testing new features with a limited audience through its EG Labs program [2] - The AI assistant Romie is expected to evolve further, with plans to enhance its functionality in group chats on WhatsApp [5]

Core Viewpoint - Expedia's stock has recently underperformed, returning -13.5% over the past month compared to the S&P 500's +1.3% and the Internet - Commerce industry's +3.3% [1] Earnings Estimate Revisions - The consensus earnings estimate for the current quarter is $3.18 per share, reflecting a year-over-year increase of +10%, but has decreased by -11% over the last 30 days [3] - The fiscal year earnings estimate is $11.86, indicating a +22.4% year-over-year change, with a -4.1% revision in the last month [3] - For the next fiscal year, the earnings estimate is $14.92, showing a +25.8% change from the previous year, with a -2.8% adjustment recently [3] - Expedia holds a Zacks Rank 3 (Hold) due to the recent changes in earnings estimates and other related factors [3] Revenue Growth Potential - The consensus sales estimate for the current quarter is $3.55 billion, indicating a +5.8% year-over-year change [6] - For the current fiscal year, the sales estimate is $13.8 billion (+7.5%), and for the next fiscal year, it is $14.88 billion (+7.9%) [6] Last Reported Results and Surprise History - In the last reported quarter, Expedia generated revenues of $2.89 billion, a +8.4% year-over-year increase, and an EPS of $0.21 compared to -$0.20 a year ago [7] - The reported revenues exceeded the Zacks Consensus Estimate by +3.1%, and the EPS surprise was +156.76% [7] - The company has consistently beaten consensus EPS estimates in the last four quarters and topped revenue estimates three times [7] Valuation - Expedia is graded A on the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [10] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is fairly valued [8][9] Conclusion - The information presented may assist in evaluating the market interest surrounding Expedia, with a Zacks Rank 3 suggesting it may perform in line with the broader market in the near term [11]

SEATTLE--(BUSINESS WIRE)--Expedia Group (NASDAQ: EXPE) will livestream the general session of EXPLORE 24, on May 14, 2024, at 10:30 a.m. PT. EXPLORE 24 is Expedia Group’s annual partner event where the Company will share new innovations focused on improving the complete travel experience for travelers and partners everywhere.The live webcast will be available here.The Zoom video of the general session will be posted to Expedia’s YouTube channel https://www.youtube.com/@ExpediaInc. ...

SEATTLE--(BUSINESS WIRE)--Expedia Group (NASDAQ: EXPE) will livestream the general session of EXPLORE 24, on May 14, 2024, at 10:30 a.m. PT. EXPLORE 24 is Expedia Group’s annual partner event where the Company will share new innovations focused on improving the complete travel experience for travelers and partners everywhere. The live webcast will be available here. The Zoom video of the general session will be posted to Expedia’s YouTube channel https://www.youtube.com/@ExpediaInc. ...

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 ...