01—Abstract
Summary
Summary of the 8-K filed August 3, 2023. Cited figures are marked; the original filing is the authoritative source.
Expedia Group, Inc. (EXPE) filed an 8-K on August 3, 2023, to report its financial results for the quarter ended June 30, 2023.
The filing primarily directs investors to the accompanying earnings release (Exhibit 99.1) for detailed financial performance, including the use of non-GAAP financial measures with reconciliations to GAAP. Investors should review the furnished earnings release for specific figures on revenue, bookings, profitability, and any forward-looking guidance provided by the company.
The 8-K itself serves as a notification of the release and conference call, emphasizing that the information therein is furnished rather than formally filed, which has implications for SEC liability. Key performance indicators and strategic updates will be found within the detailed earnings release.
02—Key points
Key Highlights
- Expedia Group announced its financial results for the second quarter of 2023 via an 8-K filing on August 3, 2023.
- The primary information source for investors is the furnished earnings release (Exhibit 99.1), which contains detailed financial performance data.
- The company will host a conference call to discuss its Q2 2023 results.
- Expedia Group is utilizing non-GAAP financial measures in its reporting, with reconciliations provided in the earnings release.
- The information furnished in the 8-K and earnings release is not considered 'filed' for certain SEC liability purposes.
- Investors should look to Exhibit 99.1 for specific revenue, booking, and profitability metrics for the quarter ended June 30, 2023.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this 8-K filing is to officially announce Expedia Group's financial results for the quarter ended June 30, 2023, and to furnish the accompanying earnings release and related information to the public.
Where can I find the detailed financial results for the quarter?
Detailed financial results, including revenue, profitability, and other key performance indicators, are available in the earnings release furnished as Exhibit 99.1 to this 8-K filing.
Does Expedia Group use non-GAAP financial measures?
Yes, Expedia Group 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 measures is included in Exhibit 99.1.
What are the implications of the information being 'furnished' rather than 'filed'?
Information that is 'furnished' under Item 2.02 of Form 8-K is not subject to the same liability provisions under Section 18 of the Exchange Act as information that is formally 'filed'. This means the company generally has less legal exposure for inaccuracies in furnished information compared to filed information, though it does not exempt them from all disclosure obligations.
04—Continue