01—Abstract
Summary
Summary of the 8-K filed April 24, 2017. Cited figures are marked; the original filing is the authoritative source.
Expedia Group, Inc. (EXPE) filed an 8-K on April 24, 2017, to inform investors about a change in how it will report operating metrics related to its HomeAway segment.
Historically, Expedia did not include HomeAway's gross bookings or room nights in its consolidated or segment operating metrics. However, starting with the first quarter of fiscal year 2017, the company will begin including these metrics.
To facilitate a more meaningful comparison of future results, Expedia is providing supplemental historical data for HomeAway's 2016 gross bookings and room nights. This disclosure is an important operational update for investors tracking the performance of the HomeAway acquisition and its integration into Expedia's overall reporting structure.
02—Key points
Key Highlights
- Expedia Group will begin including HomeAway gross bookings and room nights in its consolidated operating metrics starting Q1 2017.
- HomeAway's gross bookings will also be included on a segment reporting basis.
- The company is providing supplemental historical HomeAway gross bookings and room nights data for the full year 2016.
- This change aims to allow for more meaningful comparison with future reported results.
- The disclosure does not restate previously issued financial statements.
- The information is provided under Regulation FD Disclosure (Item 7.01) and is furnished, not filed.
03—Questions
Frequently Asked Questions
Why is Expedia Group changing how it reports HomeAway metrics?
Expedia Group is changing its reporting to include HomeAway's gross bookings and room nights to provide investors with a more comprehensive and comparable view of its overall performance, especially following the acquisition of HomeAway.
When will these new reporting changes take effect?
The inclusion of HomeAway's gross bookings and room nights in Expedia's consolidated operating metrics will begin with the first quarter of fiscal year 2017.
Does this update affect Expedia's previously reported financial results?
No, this update does not involve a restatement of Expedia's previously issued financial statements or affect its reported gross bookings or room nights for any prior periods.
Where can I find the historical HomeAway data mentioned in the filing?
The supplemental 2016 gross bookings and room nights results for HomeAway, along with the company's corresponding results, are provided in Exhibit 99.1 to this 8-K filing.
04—Continue