Financial Data and Key Metrics - Gross bookings grew 7% YoY to $27.5 billion, driven by an 8% increase in lodging gross bookings, including a 10% growth in the hotel business [29] - Revenue increased 3% YoY to $4.1 billion, with B2B, Brand Expedia, and advertising businesses leading the growth [31] - EBITDA grew 3% YoY to $1.25 billion, with a margin of 30.8%, slightly deleveraging by 16 basis points [37] - Free cash flow for the year-to-date was $2.3 billion, up 3% YoY, driven by higher EBITDA and lower capital expenditures [39] - The company repurchased $1.6 billion worth of shares year-to-date, with $3.2 billion remaining in the share repurchase authorization [41] Business Line Performance - **Consumer Business**: Gross bookings grew 3% YoY, with Brand Expedia showing mid-teens growth in room nights and a 25% increase in package bookings [10][11][12] - **Vrbo**: Returned to modest growth with improved app performance and supply additions, including 1 million units from Brand Expedia [13][14] - **Advertising Business**: Revenue grew 32% YoY, driven by increased advertiser participation and new product capabilities like video ads [17] - **B2B Business**: Bookings grew 19% YoY, with broad-based growth across all partner segments and regions [20] Market Performance - **U.S.**: Booked room nights grew in the low single digits, while international demand was stronger [8] - **Europe**: Booked room nights grew in the low double digits [8] - **Rest of the World**: Booked room nights grew in the high teens [8] - **International Expansion**: Bookings growth for consumer brands outside the U.S. accelerated by 5 points, with double-digit growth in Scandinavia [16] Strategic Direction and Industry Competition - The company is focused on driving direct traffic, improving product performance, and expanding internationally, particularly in faster-growing markets [10][16] - Investments in AI and tech platforms are enhancing customer service and conversion rates, with virtual agents handling nearly half of traveler inquiries [21][23] - The company is leveraging its unified tech platform to innovate faster and improve brand value propositions across Expedia, Hotels.com, and Vrbo [63][64] Management Commentary on Operating Environment and Future Outlook - The travel environment in Q3 was healthy but mixed, with demand improving in August and September after a softer July [8] - The company raised its full-year guidance, expecting gross bookings growth of approximately 5% and revenue growth of 6% [44] - Management remains confident in the company's ability to execute and capitalize on growth opportunities, particularly in B2B, advertising, and international markets [45] Other Important Information - Julie Whalen, CFO, will be stepping down, with a successor to be announced before her departure [24] - Ramana Thumu has joined as Chief Technology Officer, bringing extensive experience in scaling multi-brand platforms [25] Q&A Session Summary Question: Marketing investments in Vrbo and international markets - The company expects to see marketing leverage as Vrbo and international markets return to expected growth levels [48] Question: Drivers of strong growth in the advertising business - Growth is driven by increased advertiser participation, simplified sign-up processes, and new product capabilities like video ads [50][51] Question: Vrbo's growth acceleration and cost implications for 2025 - Vrbo's growth is driven by product improvements, supply expansion, and effective marketing campaigns [54][55] - The company is focused on cost efficiency and marketing optimization for future growth [58][59] Question: Vrbo's performance in Q3 and October - Vrbo showed acceleration throughout Q3, despite weather-related challenges in October [60] Question: Integration of Vrbo with Brand Expedia and B2B - The company sees opportunities to integrate Vrbo with B2B, though it is not a top priority currently [84][85] Question: Performance of Hotels.com - Hotels.com performance was stable but has not returned to growth, with a new general manager focusing on revitalizing the brand [86][87] Question: Impact of hurricanes and international market trends - Hurricane Milton had a material but manageable impact in October, with underlying business health remaining strong [89] - The company is taking a surgical approach to regaining share in international markets [90] Question: Selling and marketing efficiencies - The company is focused on driving efficiencies in selling and marketing, particularly in Brand Expedia, while reinvesting in Vrbo and international markets [92][93]

Expedia (EXPE) came out with quarterly earnings of $6.13 per share, beating the Zacks Consensus Estimate of $6.10 per share. This compares to earnings of $5.41 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 0.49%. A quarter ago, it was expected that this online travel company would post earnings of $3.17 per share when it actually produced earnings of $3.51, delivering a surprise of 10.73%. Over the last four quarters, the co ...

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 September 30, 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) Delaware 20-2705720 (State or other ...

Revenue and Bookings Growth - Booked room nights grew 9% year-over-year to 97.4 million in Q3 2024, with Brand Expedia growing at mid-teens[2][6] - Total gross bookings increased 7% year-over-year to $27.5 billion in Q3 2024, a 150 basis point acceleration from Q2 2024[2][6] - B2B gross bookings grew 19% year-over-year, while B2C gross bookings increased 3% year-over-year in Q3 2024[2] - Lodging gross bookings rose 8% year-over-year to $20.0 billion in Q3 2024, with hotel bookings up 10%[2] - Revenue increased 3% year-over-year to $4.1 billion in Q3 2024, despite a 2-point negative impact from FX[2][6] - B2B revenue grew 18% year-over-year to $1.2 billion in Q3 2024[2] - Revenue for Q3 2024 increased to $4,060 million, up 3.3% from $3,929 million in Q3 2023[16] - Units sold increased to 101.2 million in Q1 2024, up from 94.5 million in Q1 2023, representing a 7.1% growth[14] - Gross bookings for the Merchant business model reached $16.863 billion in Q1 2024, a 5.6% increase from $15.976 billion in Q1 2023[14] - Lodging gross bookings grew to $21.903 billion in Q1 2024, up 4.0% from $21.055 billion in Q1 2023[14] - B2C revenue rose to $1.986 billion in Q1 2024, a 3.4% increase from $1.921 billion in Q1 2023[14] - Total revenue for Q1 2024 was $2.889 billion, an 8.4% increase from $2.665 billion in Q1 2023[14] - Lodging revenue increased to $2.228 billion in Q1 2024, up 9.8% from $2.029 billion in Q1 2023[14] - U.S. points of sale revenue reached $1.793 billion in Q1 2024, a 2.6% increase from $1.748 billion in Q1 2023[14] - Non-U.S. points of sale revenue grew to $1.096 billion in Q1 2024, up 19.5% from $917 million in Q1 2023[14] Profitability and Earnings - Net income attributable to Expedia Group increased 61% year-over-year to $684 million in Q3 2024[6] - Diluted earnings per share rose 76% year-over-year to $5.04 in Q3 2024[6] - Net income for Q3 2024 rose to $684 million, a significant increase from $305 million in Q3 2023[16] - Earnings per share (diluted) for Q3 2024 improved to $5.04, compared to $2.87 in Q3 2023[16] - Net income margin for Q3 2024 was 16.9%, compared to 10.8% in Q3 2023[39] - Adjusted net income attributable to Expedia Group, Inc. for the three months ended September 30, 2024, was $809 million, compared to $778 million in the same period in 2023[40] - Adjusted earnings per share (EPS) for the three months ended September 30, 2024, was $6.13, up from $5.41 in the same period in 2023[40] - Adjusted net income excluding trivago for the three months ended September 30, 2024, was $809 million, compared to $769 million in the same period in 2023[42] - Adjusted EPS excluding trivago for the three months ended September 30, 2024, was $6.13, compared to $5.35 in the same period in 2023[42] - Adjusted net income attributable to Expedia Group, Inc. for the nine months ended September 30, 2024, was $1,307 million, compared to $1,176 million in the same period in 2023[43] - Adjusted EPS for the nine months ended September 30, 2024, was $9.70, up from $7.93 in the same period in 2023[43] - Adjusted net income excluding trivago for the nine months ended September 30, 2024, was $1,308 million, compared to $1,151 million in the same period in 2023[43] - Adjusted EPS excluding trivago for the nine months ended September 30, 2024, was $9.71, compared to $7.76 in the same period in 2023[43] - Net income attributable to Expedia Group, Inc. was $(135) million in Q1 2024, compared to $(145) million in Q1 2023[14] - Net income for the nine months ended September 30, 2024, was $923 million, compared to $552 million for the same period in 2023[18] Share Repurchases and Capital Allocation - Expedia Group repurchased 12.0 million shares for $1.6 billion year-to-date in 2024[2] - Purchases of treasury stock amounted to $1.641 billion for the nine months ended September 30, 2024, compared to $1.669 billion in 2023[18] Financial Position and Liabilities - Total assets as of September 30, 2024, grew to $23,405 million, compared to $22,522 million in September 2023[17] - Cash and cash equivalents stood at $4,722 million as of September 30, 2024, up from $5,056 million in September 2023[17] - Accounts receivable increased to $3,764 million in September 2024, up from $2,753 million in September 2023[17] - Long-term debt decreased to $5,221 million as of September 30, 2024, from $6,250 million in September 2023[17] - Total current liabilities increased to $14,787 million as of September 30, 2024, from $12,560 million in September 2023[17] - Deferred merchant bookings rose to $9,413 million in September 2024, up from $8,394 million in September 2023[17] - Long-term debt, including current maturities, stood at $6,263 million, with a leverage ratio of 2.2[39] - Cash, cash equivalents, and restricted cash at the end of the period were $6.046 billion, down from $6.492 billion in 2023[18] Cash Flow and Capital Expenditures - Net cash provided by operating activities for the nine months ended September 30, 2024, was $2.887 billion, slightly down from $2.928 billion in 2023[18] - Capital expenditures, including internal-use software and website development, were $565 million for the nine months ended September 30, 2024, compared to $669 million in 2023[18] - Free cash flow for the nine months ended September 30, 2024, was $2,322 million, compared to $2,259 million in the same period in 2023[44] - Total capital expenditures for the nine months ended September 30, 2024, were $565 million, compared to $669 million in the same period in 2023[44] Adjusted Financial Metrics - Adjusted EBITDA is a key non-GAAP measure used by Expedia Group to evaluate performance, excluding items like stock-based compensation and acquisition-related impacts[26] - Adjusted EBIT is another non-GAAP measure that excludes unpredictable items and allows for a more comprehensive comparison of performance[28] - Adjusted Net Income (Loss) captures normal operational items and excludes certain expenses not tied to core operations, providing a clearer picture of financial health[30] - Adjusted Net Income for 2023 and 2024 is computed using a 21.5% effective tax rate[32] - Adjusted EPS is calculated by dividing Adjusted Net Income by adjusted weighted average shares outstanding, considering dilution from convertible debt instruments[32] - Free Cash Flow is defined as net cash flow from operating activities less capital expenditures, representing operating cash flow before non-core cash movements[33] - Adjusted Expenses exclude stock-based compensation, which is considered non-cash and not reflective of ongoing cash operating expenses[34] - Expedia Group reports results both in total and excluding trivago to provide transparency on the transaction-based component of the business[35] - Adjusted EBITDA for Q3 2024 was $1,250 million, with B2C contributing $1,028 million and B2B contributing $338 million[36] - Adjusted EBITDA for Q3 2023 was $1,216 million, with B2C contributing $1,056 million and B2B contributing $266 million[37] - Adjusted EBITDA margin for Q3 2024 was 30.8%, slightly lower than 30.9% in Q3 2023[39] - Adjusted EBITDA for B2C segment was $215 million in Q1 2024, a 45.3% increase from $148 million in Q1 2023[14] - Adjusted cost of revenue for the three months ended September 2024 was $385 million, compared to $409 million in the same period in 2023[46] - Adjusted selling and marketing expenses excluding trivago for the three months ended September 2024 were $1.793 billion, up from $1.600 billion in 2023[46] - Adjusted technology and content expenses excluding trivago for the three months ended September 2024 were $269 million, down from $294 million in 2023[46] - Adjusted general and administrative expenses excluding trivago for the three months ended September 2024 were $138 million, down from $140 million in 2023[46] - Total adjusted overhead expenses for the three months ended September 2024 were $602 million, compared to $617 million in 2023[46] - Adjusted cost of revenue for the nine months ended September 2024 was $1.099 billion, compared to $1.223 billion in the same period in 2023[46] - Adjusted selling and marketing expenses excluding trivago for the nine months ended September 2024 were $5.129 billion, up from $4.596 billion in 2023[46] - Adjusted technology and content expenses excluding trivago for the nine months ended September 2024 were $837 million, down from $862 million in 2023[46] - Adjusted general and administrative expenses excluding trivago for the nine months ended September 2024 were $405 million, down from $409 million in 2023[46] - Total adjusted overhead expenses for the nine months ended September 2024 were $1.819 billion, compared to $1.832 billion in 2023[46] Guidance and Future Outlook - Expedia Group raised its full-year guidance following strong Q3 2024 results[1]

Expedia (EXPE) shares soared 4.8% in the last trading session to close at $158.01. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 8% gain over the past four weeks. Shares of Expedia jumped after the Financial Times reported that Uber Technologies is mulling an acquisition of the company. This online travel company is expected to post quarterly earnings of $6.08 per share in its upcoming report, which represents a year-over-year ...

Experience is difficult to learn. After 30 plus years of critically analyzing the nuts and bolts of businesses as diverse as airlines, oil, retail, mining to fintech and ecommerce plus the macro, monetary and political drivers. I continue to immensely enjoy learning and applying my experience to unravel, comprehend and benefit from new ideas, technology, innovation and business models. In addition, living through multiple crises, tequila, Asia, dotcom, 9/11, the great recession and the Covid19 pandemia, plu ...

Expedia shares soared Thursday on news that Uber discussed a takeover bid for the travel booking giant, according to reports.Expedia shares rose as much as 8.4% Wednesday evening after the Financial Times first reported the potential bid. Expedia shares were up 3.8% Thursday morning.The talks were in early stages and it is unclear whether an acquisition will take place since Uber has not formally approached Expedia, three people familiar with the process told the Financial Times.Uber CEO Dara Khosrowshahi p ...

SEATTLE, Oct. 17, 2024 /PRNewswire/ -- Expedia Group (NASDAQ: EXPE) announced the appointment of Ramana Thumu as the company's Chief Technology Officer. Ramana will lead Expedia Group's technology organization, overseeing engineering, data, artificial intelligence, cloud platforms, and security, while capitalizing on the company's tech and platform investments in recent years."I am thrilled to welcome Ramana to our leadership team as our new Chief Technology Officer. Ramana's extensive experience in success ...

Expedia Group Inc (NASDAQ:EXPE) stock is up 5.6% at $159.30 at last glance, and earlier hit a two-year high of $161.88. The travel booking name is getting a boost from takeover rumors, after The Financial Times reported that Uber Technologies (UBER) is considering a bid for the company. However, BofA Global Research noted that the article specified that no current discussions are in progress, and that Uber's team is likely considering several merger options. Today's pop has EXPE breaking into positive terri ...

Key TakeawaysExpedia shares rose Thursday morning following a report that Uber Technologies has explored acquiring the travel booking company.An acquisition of the travel booking giant would help Uber's efforts toward becoming a "super app," the Financial Times reported Wednesday.Uber has grown through a number of acquisitions, and has said new deals are a priority. Expedia (EXPE) shares surged while those of Uber Technologies (UBER) moved lower Thursday morning following a report from the Financial Times t ...