01—Abstract
Summary
Summary of the 8-K filed November 4, 2020. Cited figures are marked; the original filing is the authoritative source.
Expedia Group, Inc. (EXPE) filed an 8-K on November 4, 2020, to announce its financial results for the quarter ended September 30, 2020.
The filing primarily serves as a notification and furnishes the accompanying earnings release (Exhibit 99.1) which contains the detailed financial performance and discussion. Investors should refer to this earnings release for comprehensive information on the company's operational and financial condition during the third quarter of 2020. A key aspect of the earnings release, as noted in the 8-K, is the use of non-GAAP financial measures.
Expedia Group provides reconciliations between these non-GAAP figures and their nearest comparable GAAP measures within the earnings release itself. Investors are encouraged to review these reconciliations to fully understand the company's reported performance and the adjustments made to GAAP figures.
02—Key points
Key Highlights
- Expedia Group announced its Q3 2020 financial results via an earnings release furnished with this 8-K filing.
- The filing references the use of non-GAAP financial measures by the company in its earnings release and conference call.
- A reconciliation of non-GAAP to GAAP financial measures is provided within the furnished earnings release (Exhibit 99.1).
- The 8-K itself does not contain detailed financial results but directs investors to the accompanying earnings release for specifics.
- The information furnished in the 8-K is not considered 'filed' for purposes of Section 18 of the Exchange Act, except as explicitly incorporated by reference in other filings.
- Investors seeking detailed Q3 2020 performance data, including revenue, profitability, and operational metrics, should consult Exhibit 99.1.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing from Expedia Group?
The primary purpose of this 8-K filing is to announce that Expedia Group released its financial results for the quarter ended September 30, 2020, and to furnish the related earnings release as an exhibit. It serves as an official notification of the results disclosure.
Where can I find the detailed financial results for Q3 2020?
The detailed financial results, including operational performance and financial condition for the quarter ended September 30, 2020, are located in the earnings release furnished as Exhibit 99.1 to this 8-K filing.
Does Expedia Group use non-GAAP financial measures in its reporting?
Yes, Expedia Group makes reference to non-GAAP financial measures in its earnings release and conference call. The company provides reconciliations of these non-GAAP measures to the nearest comparable GAAP financial measures within the furnished earnings release (Exhibit 99.1).
What is the significance of the information not being 'filed' under Section 18?
This means that the information furnished in the 8-K and its exhibits is generally not subject to the same level of liability under Section 18 of the Securities Exchange Act of 1934 as information that is explicitly 'filed'. However, if Expedia Group or another party explicitly incorporates this information by reference into another filing (like a 10-Q or 10-K), it can then be considered 'filed' for those purposes.
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