For the quarter ended June 2024, Expedia (EXPE) reported revenue of $3.56 billion, up 6% over the same period last year. EPS came in at $3.51, compared to $2.89 in the year-ago quarter.The reported revenue represents a surprise of +0.57% over the Zacks Consensus Estimate of $3.54 billion. With the consensus EPS estimate being $3.17, the EPS surprise was +10.73%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations ...

Key TakeawaysExpedia Group shares traded sharply higher ahead of Friday’s opening bell after the online travel company's earnings topped estimates amid robust demand in international markets. An earnings-driven rally sets the stock up to potentially form a double bottom given the close proximity of the May and August lows. Amid a move higher, investors should watch key price levels in Expedia shares at $130, $140, and $155. Expedia Group (EXPE) shares surged ahead of Friday’s opening bell after the online t ...

For Expedia Group CEO Ariane Gorin, there was a clear highlight for the company during the second quarter: Brand Expedia saw room night growth rise to nearly 20%.“Brand Expedia has been a great highlight for us,” Gorin told analysts and investors during the company’s second-quarter earnings call on Thursday (Aug. 8). “It gives me confidence because it was the least disrupted of all of our brands. We’ve built up the brand value there. The value prop on Brand Expedia is really strong for travelers. We feel go ...

Expedia (EXPE) came out with quarterly earnings of $3.51 per share, beating the Zacks Consensus Estimate of $3.17 per share. This compares to earnings of $2.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.73%. A quarter ago, it was expected that this online travel company would post a loss of $0.37 per share when it actually produced earnings of $0.21, delivering a surprise of 156.76%.Over the last four quarters, the com ...

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 ☐ 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) For the quarterly period ended June 30, 2024 (State or other jurisdiction of incorporati ...

Financial Performance - Gross bookings for Q2 2024 reached $28.8 billion, a 6% increase compared to Q2 2023[7] - Revenue for Q2 2024 was $3.6 billion, up 6% from $3.4 billion in Q2 2023[5] - Adjusted EBITDA increased by 5% to $786 million, with a margin contraction of 15 basis points compared to the previous year[7] - Net income attributable to Expedia Group, Inc. was $386 million, with adjusted net income at $469 million, a 10% increase year-over-year[7] - Free cash flow for the quarter was $1.3 billion, representing a 42% increase compared to the same period last year[7] - B2B revenue reached $1.0 billion, marking a 22% increase compared to Q2 2023[7] - Revenue for the three months ended June 30, 2024, increased to $3,558 million, up 6% from $3,358 million in the same period of 2023[18] - Operating income for the six months ended June 30, 2024, was $341 million, compared to $322 million for the same period in 2023, reflecting a 5.9% increase[18] - Net income attributable to Expedia Group, Inc. for the three months ended June 30, 2024, was $386 million, slightly up from $385 million in 2023[18] - Basic earnings per share for the three months ended June 30, 2024, was $2.92, compared to $2.62 in the same period of 2023, representing an increase of 11.5%[18] Cash Flow and Assets - Cash and cash equivalents as of June 30, 2024, totaled $6,242 million, an increase from $4,225 million as of December 31, 2023[19] - Total current assets increased to $13,515 million as of June 30, 2024, compared to $9,230 million at the end of 2023, marking a 46.5% increase[19] - Net cash provided by operating activities for the six months ended June 30, 2024, was $4,380 million, up from $4,303 million in the same period of 2023[21] - Total assets as of June 30, 2024, were $25,893 million, compared to $21,642 million at the end of 2023, reflecting a growth of 19.9%[19] - Total stockholders' equity decreased to $2,126 million as of June 30, 2024, from $2,786 million at the end of 2023, a decline of 23.7%[19] Operational Metrics - Booked room nights totaled 98.9 million, reflecting a 10% year-over-year growth[5] - Lodging gross bookings grew to $20.7 billion, an 8% increase year-over-year, with hotel bookings up 11%[7] - The B2C segment reported an operating income of $654 million for Q2 2024, up from $653 million in Q2 2023, indicating stable performance[43] - The total operating income for the B2B segment in Q2 2024 was $263 million, compared to $206 million in Q2 2023, showing a significant increase of 27.7%[43] Adjusted Metrics - Adjusted EBITDA for the three months ended June 30, 2024, was $786 million, compared to $747 million for the same period in 2023, reflecting a year-over-year increase of 5.2%[43] - Adjusted Net Income for the period is calculated using a long-term projected effective tax rate of 21.5% for 2023 and 2024, enhancing consistency across reporting periods[39] - Adjusted EPS is derived from Adjusted Net Income divided by adjusted weighted average shares outstanding, providing a per-share performance metric[39] - Adjusted earnings per share for Q2 2024 were $3.51, compared to $2.89 in Q2 2023, reflecting a 21.4% increase[48] - Adjusted earnings per share excluding trivago for Q2 2024 were $3.46, compared to $2.84 in Q2 2023, representing a 21.9% increase[48] Expenses and Capital Expenditures - Total adjusted overhead expenses for Q2 2024 were $606 million, a decrease from $627 million in Q2 2023, indicating a 3.4% reduction[48] - Selling and marketing expenses (direct) for Q2 2024 were $1,793 million, an increase from $1,579 million in Q2 2023, reflecting a 13.5% rise[48] - Adjusted general and administrative expenses for Q2 2024 were $141 million, slightly down from $148 million in Q2 2023, a decrease of 4.7%[48] - Total capital expenditures for the six months ended June 30, 2024, were $371 million, down from $456 million in the same period of 2023, a decrease of 18.7%[48] Future Outlook - The CEO noted a softening in travel demand in July, leading to an adjustment in expectations for the remainder of the year[3] - The company expects continued growth in revenues and profitability, with a focus on market expansion and new product development[51]

Expedia Group, Inc. (EXPE) is scheduled to report its second-quarter 2024 results on Aug 8.For the to-be-reported quarter, the Zacks Consensus Estimate for revenues is pegged at $3.54 billion, suggesting growth of 5.4% from the year-ago quarter’s reported figure.The consensus mark for earnings is pegged at $3.17 per share, suggesting growth of 9.7% from the figure reported in the year-ago quarter.We note that EXPE’s bottom line surpassed the Zacks Consensus Estimate in all the trailing four quarters, the su ...

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Investors with an interest in Internet - Commerce stocks have likely encountered both Expedia (EXPE) and Chewy (CHWY) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and estimate rev ...

Core Insights - Value investing remains a preferred strategy for identifying strong stocks in various market conditions, focusing on undervalued companies based on fundamental analysis [1] - Zacks has developed a Style Scores system to highlight stocks with specific traits, particularly for value investors seeking high grades in the "Value" category [1] Company Analysis: Expedia Group (EXPE) - Expedia Group (EXPE) holds a Zacks Rank of 1 (Strong Buy) and a Value grade of A, indicating strong potential for value investors [2] - The stock has a P/E ratio of 9.86, significantly lower than the industry average of 25.13, suggesting it may be undervalued [2] - EXPE's Forward P/E has fluctuated between 8.08 and 15.77 over the past year, with a median of 10.03, indicating a favorable valuation trend [2] - The P/CF ratio for EXPE is 7.37, which is attractive compared to the industry's average P/CF of 15.17, further supporting the notion of undervaluation [2] - Over the past year, EXPE's P/CF has ranged from 5.83 to 9.72, with a median of 7.51, reinforcing its strong cash flow outlook [2] Conclusion - The metrics indicate that Expedia Group is likely undervalued at present, combined with a strong earnings outlook, making it an appealing value stock [3]