8-KEarnings & ResultsOther EventsExhibits & Filings

Expedia Group, Inc. 8-K Report, Financial Results (Oct 27, 2016)

Filed October 27, 2016For Securities:EXPE

Summary

Expedia Group, Inc. (EXPE) filed an 8-K on October 27, 2016, to report its third-quarter 2016 financial results and announce a quarterly cash dividend. The company's earnings release, furnished as an exhibit, details its financial performance and includes non-GAAP financial measures, with reconciliations provided. Investors should note that this information is furnished and not considered "filed" under the Securities Exchange Act of 1934, meaning it does not carry the same liability implications for the company as a formal filing. In addition to the earnings announcement, Expedia also declared a quarterly cash dividend of $0.26 per share, payable on December 8, 2016, to shareholders of record as of November 17, 2016. This dividend declaration signals a commitment to returning capital to shareholders and is a key event for income-focused investors.

Key Highlights

  • 1Expedia released its third-quarter 2016 financial results on October 27, 2016.
  • 2The company's earnings release, filed as Exhibit 99.1, is the primary source of financial performance data for the quarter.
  • 3Expedia utilized non-GAAP financial measures in its reporting, with reconciliations to GAAP provided in the press release.
  • 4The information provided in Item 2.02 is furnished and not deemed 'filed' for purposes of Section 18 of the Exchange Act.
  • 5Expedia declared a quarterly cash dividend of $0.26 per share.
  • 6The dividend is payable on December 8, 2016, to shareholders of record on November 17, 2016.

Frequently Asked Questions

The 8-K filing refers to an accompanying press release (Exhibit 99.1) which contains the detailed financial results for the quarter ended September 30, 2016. Investors should review this press release for specific revenue, earnings, and other key financial metrics.

Yes, the filing explicitly states that Expedia is making reference to non-GAAP financial measures in its earnings release and conference call. A reconciliation of these non-GAAP measures to the nearest comparable GAAP financial measures is available in Exhibit 99.1.

The declaration of a quarterly cash dividend of $0.26 per share indicates that Expedia is committed to returning capital to its shareholders. This is a positive signal for investors seeking income from their investments and reflects the company's financial stability and confidence.

The information is furnished under General Instruction B.2 to Form 8-K. This means it is provided to the SEC for informational purposes but is not subject to the same liabilities under Section 18 of the Exchange Act as information that is formally 'filed'. It also won't be automatically incorporated by reference into other SEC filings unless specifically stated.