EXPE SEC Filings
Expedia Group, Inc. - 389 total filings
Expedia Group, Inc. Quarterly Report for Q2 Ended Jun 30, 2026
Expedia Group, Inc. reported a strong financial performance for the second quarter and first half of 2026. Revenue increased by 14% year-over-year for both periods, reaching $4.32 billion and $7.74 billion respectively. This growth was primarily driven by a 13% increase in lodging revenue, fueled by higher ADRs and room nights, and a significant 48% surge in trivago advertising revenue. The B2B segment also showed robust growth, with gross bookings up 21% for the quarter and 22% year-to-date, contributing to a 23% revenue increase in Q2 and 24% for the first half. Profitability saw a substantial improvement, with operating income rising by 65% in the quarter and 153% year-to-date. Net income attributable to Expedia Group, Inc. more than doubled year-over-year for both periods, reaching $878 million for the quarter and $872 million for the first half. This translated into a significant increase in diluted Earnings Per Share (EPS), which rose to $7.16 for the quarter and $7.05 year-to-date. The company also demonstrated strong cash flow generation, with operating cash flow increasing by $1.34 billion year-over-year for the first six months. Expedia continued its commitment to returning capital to shareholders through share repurchases and dividends, with $5.7 billion remaining authorized under its repurchase programs.
Expedia Group, Inc. 8-K Report, Financial Results (Aug 5, 2026)
Expedia Group, Inc. (EXPE) has filed an 8-K report on August 5, 2026, detailing its financial results for the second quarter ended June 30, 2026. The company has released its financial performance through a press release and an accompanying earnings presentation, both of which are furnished as exhibits to this filing. These documents provide investors with key operational and financial metrics, as well as forward-looking insights into the company's business outlook. Investors are encouraged to review these furnished materials for a comprehensive understanding of Expedia Group's recent performance and strategic direction. In addition to financial results, Expedia Group announced the declaration of a quarterly cash dividend of $0.48 per share, payable on September 17, 2026, to stockholders of record as of August 27, 2026. This dividend declaration signals a continued commitment to returning value to shareholders, a factor often closely watched by investors. The information provided in this 8-K, while not formally "filed" for certain regulatory purposes, offers timely updates on the company's financial health and shareholder return policies.
Expedia Group, Inc. 8-K Report, Shareholder Vote Results (Jun 23, 2026)
Expedia Group, Inc. (EXPE) filed an 8-K on June 23, 2026, reporting the results of its 2026 Annual Meeting of Stockholders held on June 17, 2026. The meeting addressed the election of directors, an advisory vote on executive compensation, and the ratification of the independent registered public accounting firm. A substantial majority of votes cast were in favor of all three proposals, indicating general stockholder confidence in the company's governance and financial oversight. Key outcomes include the successful election of all 11 director nominees, with varying levels of support across different director classes. The advisory vote on executive compensation also passed with strong approval, suggesting alignment between shareholder sentiment and the company's compensation practices. Furthermore, the appointment of Ernst & Young LLP as the independent auditor for fiscal year 2026 was ratified by a significant margin. The report confirms a quorum was met with a high percentage of outstanding shares represented.
Expedia Group, Inc. Quarterly Report for Q1 Ended Mar 31, 2026
Expedia Group, Inc. reported its first quarter 2026 results, demonstrating a significant rebound in profitability and revenue growth compared to the prior year. Total revenue increased by 15% year-over-year to $3.426 billion, driven primarily by a 14% increase in lodging revenue, which benefited from higher room nights and average daily rates. The company also saw robust growth in its B2B segment, with revenue up 25% and gross bookings up 22%, indicating strong performance in its business-to-business travel services. Profitability improved dramatically, with operating income turning positive at $251 million in Q1 2026, a substantial improvement from an operating loss of $70 million in Q1 2025. This was further reflected in Adjusted EBITDA, which surged 83% to $542 million. The company also managed its expenses effectively, with cost of revenue as a percentage of revenue decreasing and selling and marketing costs showing leverage, particularly in the B2C segment. Financially, Expedia Group strengthened its balance sheet by repaying significant debt obligations, including its 5.0% senior notes and 0% convertible senior notes, totaling over $1.8 billion in February 2026. The company also entered into a new $2.5 billion revolving credit facility in March 2026, maintaining ample liquidity. In a subsequent event, Expedia issued $1 billion in new senior unsecured notes in April 2026. Shareholder returns were supported by a consistent dividend payout and an active share repurchase program, with $700 million repurchased in Q1 2026 under the existing authorization, and a new $5 billion repurchase program announced in May 2026. Overall, the quarter indicates a positive operational and financial trajectory for Expedia Group.
Expedia Group, Inc. 8-K Report, Financial Results (May 7, 2026)
Expedia Group, Inc. (EXPE) has filed an 8-K report on May 7, 2026, primarily to announce its first-quarter 2026 financial results via a press release. While the press release itself is furnished and not deemed 'filed' for liability purposes, it contains the core financial performance data investors will be interested in. In addition to the financial results, the report also discloses a significant capital allocation decision: the declaration of a quarterly cash dividend of $0.48 per share. This dividend is payable on June 18, 2026, to shareholders of record as of May 28, 2026. This action signals continued confidence in the company's financial health and commitment to returning value to shareholders.
Expedia Group, Inc. 8-K Report, Executive Changes (Apr 23, 2026)
Expedia Group, Inc. (EXPE) has announced a leadership change in its finance department via an 8-K filing dated April 23, 2026. Effective May 11, 2026, Scott Schenkel will be stepping down as Chief Financial Officer (CFO). The company has concurrently appointed Derek Andersen as the new CFO, succeeding Mr. Schenkel. This transition is described as amicable, with no disagreements reported regarding the company's operations or accounting practices. Mr. Andersen brings a wealth of financial experience to Expedia, most recently serving as CFO of Snap Inc. and previously holding finance leadership roles at Amazon and Fox Interactive Media. His compensation package includes a substantial base salary, a significant signing bonus, and a large initial equity award, reflecting the importance of this executive hire. The company has also outlined terms for relocation assistance and severance benefits for Mr. Andersen, as well as restrictive covenants related to competition and solicitation post-employment. Investors should monitor the integration of the new CFO and his impact on the company's financial strategy.
Expedia Group, Inc. 8-K Report, Corporate Update (Apr 10, 2026)
Expedia Group, Inc. (EXPE) announced the successful completion of a notes offering on April 10, 2026. The company issued $1,000,000,000 in aggregate principal amount of 5.500% Senior Notes due 2036. Following underwriting discounts and offering expenses, Expedia realized net proceeds of approximately $986 million. These proceeds are earmarked for general corporate purposes, including debt repayment, dividends, stock repurchases, working capital, capital expenditures, and potential acquisitions. The new notes are senior unsecured obligations, ranking equally with existing and future unsecured and unsubordinated debt. They carry a semi-annual interest payment schedule, with a maturity date of April 15, 2036. The issuance was made under an established indenture framework and was facilitated by an Underwriting Agreement with BofA Securities, Inc. and Citigroup Global Markets Inc.
Expedia Group, Inc. 8-K Report, Material Agreement (Mar 30, 2026)
Expedia Group, Inc. (EXPE) announced on March 30, 2026, the successful execution of a new $2.5 billion unsecured Revolving Credit Facility, maturing in March 2031. This facility replaces their prior credit agreement, under which all existing commitments and obligations have been terminated and repaid. A significant consequence of this refinancing is the automatic release of subsidiary guarantors from their obligations on Expedia's various senior notes. This move signals a potential strengthening of Expedia's balance sheet and its ability to access capital. The unsecured nature of the new facility and the release of subsidiary guarantees suggest a level of confidence in the company's standalone creditworthiness. Investors should monitor the utilization of this facility and the company's leverage ratios, which are subject to covenants within the new credit agreement.
Expedia Group, Inc. Annual Report, Year Ended Dec 31, 2025
Expedia Group, Inc. (EXPE) reported robust performance for the fiscal year ended December 31, 2025, with total revenue increasing by 8% to $14.7 billion, driven by a strong 20% growth in its B2B segment and a 7% rise in lodging revenue. The company has successfully navigated a dynamic business environment, marked by a strategic shift towards a platform operating model, the integration of its unified loyalty program (One Key), and significant investments in AI and machine learning to enhance traveler experiences and operational efficiencies. Despite ongoing macroeconomic and geopolitical uncertainties, Expedia Group demonstrated resilience. The company's focus on leveraging its brand and supply strength, coupled with rapid product innovation powered by AI, positions it well for future growth. The B2C segment saw a modest 2% revenue increase, while the trivago segment experienced a significant 33% surge in advertising revenue. Management remains optimistic about the market opportunity, emphasizing continued efforts to build direct customer relationships and expand its global reach. The company also reinstated quarterly dividends in 2025, signaling confidence in its financial health and commitment to returning value to shareholders.
Expedia Group, Inc. 8-K Report, Financial Results (Feb 12, 2026)
Expedia Group, Inc. (EXPE) has filed an 8-K report on February 12, 2026, primarily announcing its financial results for the fiscal year and fourth quarter ended December 31, 2025. While the full financial details are contained within the furnished press release (Exhibit 99.1), the filing indicates that this release will provide insights into the company's operational and financial performance for the period. Investors should refer to the press release for specific revenue figures, profitability metrics, and any forward-looking guidance. In addition to the financial results, Expedia Group announced a quarterly cash dividend of $0.48 per share, payable on March 26, 2026, to shareholders of record as of March 5, 2026. This dividend declaration signals the company's commitment to returning capital to its shareholders and should be noted by income-focused investors. The report also includes the standard cover page interactive data file in Inline XBRL format.
Expedia Group, Inc. 8-K Report, Corporate Update (Nov 12, 2025)
Expedia Group, Inc. (EXPE) has filed an 8-K report on November 12, 2025, announcing a significant decision regarding its 0.00% Convertible Notes due 2026. The company has irrevocably elected to fix the settlement method for these notes to 'Cash Settlement'. This means that any future conversions of these notes will be settled by the company paying the principal amount in cash, as opposed to issuing shares of common stock. This decision impacts how bondholders will receive value upon conversion and removes ambiguity regarding future share dilution from these notes. Investors should note that this change becomes effective for all conversions with a Conversion Date on or after November 12, 2025. The company has formally notified the noteholders, the Trustee, and the Conversion Agent of this irrevocable election.
Expedia Group, Inc. Quarterly Report for Q3 Ended Sep 30, 2025
Expedia Group, Inc. reported strong financial performance for the nine months ended September 30, 2025, with total revenue increasing by 6% to $11.186 billion, driven primarily by growth in its B2B and trivago segments. Net income attributable to Expedia Group, Inc. rose to $1.089 billion for the same period, a significant increase from $935 million in the prior year. The company demonstrated robust operational efficiency, with Adjusted EBITDA growing by 16% to $2.653 billion year-to-date. This growth was supported by increased gross bookings across its B2C and B2B segments, with B2B showing particularly strong expansion. Financially, Expedia has strengthened its balance sheet through proactive debt management, including the redemption of $1 billion in senior notes and the issuance of $1 billion in new senior notes with a lower interest rate. The company also reinstated its quarterly dividend and continued its share repurchase program, reflecting confidence in its financial health and commitment to returning value to shareholders. Despite some headwinds, such as global macroeconomic pressures, Expedia Group's strategic initiatives, including its unified technology platform and the One Key loyalty program, position it for continued growth and operational improvement.
Expedia Group, Inc. 8-K Report, Financial Results (Nov 6, 2025)
Expedia Group, Inc. (EXPE) has filed an 8-K report on November 6, 2025, primarily announcing its financial results for the third quarter ended September 30, 2025, via a press release furnished as Exhibit 99.1. While the specific financial metrics from the press release are not detailed within the 8-K text itself, investors should refer to Exhibit 99.1 for comprehensive details on the company's performance, including revenue, earnings, and key operational metrics. The filing also includes a material announcement regarding a quarterly cash dividend. The Executive Committee, on behalf of the Board of Directors, has declared a dividend of $0.40 per share, payable on December 11, 2025, to shareholders of record as of November 19, 2025. This dividend declaration indicates a continued commitment to returning capital to shareholders, a factor often considered by income-focused investors.
Expedia Group, Inc. Quarterly Report for Q2 Ended Jun 30, 2025
Expedia Group, Inc. reported its financial results for the second quarter and the first half of 2025. For the three months ended June 30, 2025, revenue increased by 6% to $3.79 billion compared to the prior year period. This growth was primarily driven by a 15% increase in B2B segment revenue, while the B2C segment saw a more modest 2% increase. Advertising and media revenue also showed strong growth. For the six months ended June 30, 2025, total revenue grew 5% to $6.77 billion, with the B2B segment again being the key driver of growth. Net income attributable to Expedia Group, Inc. for the second quarter was $330 million, a decrease from $386 million in the prior year, resulting in diluted earnings per share of $2.48, down from $2.80. For the first half of 2025, net income was $130 million, significantly lower than $251 million in the prior year, with diluted EPS at $0.96 compared to $1.79. The decline in profitability appears to be influenced by increased restructuring charges, higher selling and marketing expenses, and a significant unrealized loss on minority equity investments impacting "Other, net" for the six-month period. Despite the decrease in net income, the company's cash flow from operations remained robust, and the company has actively managed its debt and returned capital to shareholders through share repurchases and dividends.
Expedia Group, Inc. 8-K Report, Financial Results (Aug 7, 2025)
Expedia Group, Inc. (EXPE) has filed an 8-K report on August 7, 2025, detailing its financial results for the quarter ended June 30, 2025, and announcing a quarterly cash dividend. The earnings release, furnished as Exhibit 99.1, provides key financial performance indicators, including non-GAAP measures which are reconciled to their nearest GAAP equivalents. Investors should review this release for a comprehensive understanding of the company's operational and financial health during the period. In addition to the financial results, Expedia Group announced a quarterly cash dividend of $0.40 per share. This dividend underscores the company's commitment to returning value to shareholders and reflects confidence in its ongoing financial stability and performance. The dividend is payable on September 18, 2025, to stockholders of record as of August 28, 2025.
Expedia Group, Inc. 8-K Report, Shareholder Vote Results (Jun 6, 2025)
Expedia Group, Inc. (EXPE) filed an 8-K on June 6, 2025, detailing the results of its 2025 Annual Meeting of Stockholders held on June 3, 2025. The meeting saw strong shareholder support for the election of all 11 director nominees, with each receiving a substantial majority of "For" votes across both common and Class B stock categories. This indicates continued confidence in the current board's leadership and strategic direction. Furthermore, the advisory vote on executive compensation was also approved by a significant margin, suggesting that shareholders are largely satisfied with the company's compensation practices as outlined in the proxy statement. The appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2025 was overwhelmingly ratified by stockholders, reinforcing the company's commitment to robust financial oversight and transparency. Overall, the meeting results reflect a stable and supportive shareholder base for Expedia Group's governance and financial reporting.
Expedia Group, Inc. Quarterly Report for Q1 Ended Mar 31, 2025
Expedia Group, Inc. (EXPE) reported a net loss of $200 million for the first quarter of 2025, a widening from the $135 million net loss in the same period of 2024. Revenue increased by 3% year-over-year to $2.99 billion, driven by a 14% increase in the B2B segment and a 22% rise in trivago's advertising revenue. However, the B2C segment saw a 2% decline in revenue. Despite the top-line growth, the company experienced increased selling and marketing expenses, up 6% year-over-year, impacting profitability. The company also noted a significant impact from a $156 million loss on minority equity investments, which heavily contributed to the net loss. Expedia Group has reinstated its quarterly dividend and continued its share repurchase program, underscoring a focus on returning capital to shareholders. Financially, Expedia Group ended the quarter with a strong cash position of $7.73 billion in cash, cash equivalents, and restricted cash, an increase from $5.57 billion at the end of 2024. This was bolstered by a new $1 billion senior notes issuance, partially offset by the redemption of $1 billion in older notes. The company managed its debt effectively, with long-term debt excluding current maturities decreasing to $4.47 billion from $5.22 billion. Management highlighted efforts to optimize technology spending and streamline operations, including restructuring charges, aiming for long-term efficiency. Investors should monitor travel demand trends, competitive pressures, and the impact of macroeconomic factors on future performance.
Expedia Group, Inc. 8-K Report, Financial Results (May 8, 2025)
Expedia Group, Inc. (EXPE) filed an 8-K on May 8, 2025, to report its financial results for the quarter ended March 31, 2025. The filing includes an earnings release that details the company's performance and will be discussed in a subsequent conference call. Investors should note that Expedia Group is utilizing non-GAAP financial measures, with reconciliations provided in the furnished earnings release (Exhibit 99.1). This information is furnished and not deemed 'filed' for regulatory purposes, meaning it does not carry the same legal implications as a formally filed document under the Securities Exchange Act of 1934, though it offers key operational and financial insights. Beyond the quarterly results, Expedia Group also announced a quarterly cash dividend of $0.40 per share. This dividend is payable on June 18, 2025, to shareholders of record as of May 29, 2025. This represents a direct return of capital to shareholders and indicates the company's financial stability and commitment to shareholder returns, even as it navigates its quarterly performance.
Expedia Group, Inc. 8-K Report, Corporate Update (Feb 21, 2025)
Expedia Group, Inc. (EXPE) has successfully closed an offering of $1 billion aggregate principal amount of 5.400% Senior Notes due 2035, as detailed in their February 21, 2025, 8-K filing. The net proceeds, approximately $985 million after expenses, are earmarked for general corporate purposes, including debt repayment, dividends, stock repurchases, and funding for working capital, capital expenditures, and acquisitions. This issuance provides Expedia with significant financial flexibility to manage its capital structure and pursue strategic initiatives. The notes are senior unsecured obligations, guaranteed by certain domestic subsidiaries, and rank equally with other existing and future unsecured, unsubordinated debt. The maturity date is February 15, 2035, with semi-annual interest payments commencing August 15, 2025. The company retains the option to redeem the notes under specific conditions, including a "make-whole" premium before a certain date and at par thereafter. Importantly, a change of control triggering event obligates Expedia to offer to repurchase the notes, providing an additional layer of investor protection.
Expedia Group, Inc. Annual Report, Year Ended Dec 31, 2024
Expedia Group, Inc. (EXPE) has filed its 10-K for the fiscal year ended December 31, 2024, highlighting a year of revenue growth driven by its B2B segment and steady performance in its core B2C operations. The company reported a 7% increase in total revenue, reaching $13.7 billion, with the B2B segment showing significant 21% growth. While lodging remains the largest revenue contributor (80%), the company experienced strong growth in advertising and media revenue (16%). Despite a challenging macroeconomic environment marked by inflation and geopolitical conflicts, Expedia managed to increase operating income by 28% and Adjusted EBITDA by 9%, indicating improved operational efficiency and cost management. Expedia continues to focus on its platform strategy, investing in technology and AI to enhance traveler experiences and drive direct bookings. The company also announced the reinstatement of quarterly dividends, signaling confidence in its financial health and commitment to returning value to shareholders. However, investors should remain aware of the ongoing risks related to competition, regulatory changes, and potential economic downturns that could impact the travel industry.
Expedia Group, Inc. 8-K Report, Financial Results (Feb 6, 2025)
Expedia Group, Inc. (EXPE) has filed an 8-K report on February 6, 2025, primarily to announce its financial results for the fourth quarter and full year ended December 31, 2024. While the full details are in the furnished earnings release (Exhibit 99.1), the filing indicates the company will discuss both GAAP and non-GAAP financial measures, with reconciliations provided in the release. Investors should refer to Exhibit 99.1 for specific performance metrics, revenue figures, and profitability. The report also separately announced a quarterly cash dividend. In addition to the financial results disclosure, Expedia Group announced a quarterly cash dividend of $0.40 per share. This dividend is payable on March 27, 2025, to stockholders of record as of March 6, 2025. This signals continued commitment to returning capital to shareholders, which is a key consideration for income-focused investors.
Expedia Group, Inc. 8-K Report, Executive Changes (Dec 19, 2024)
Expedia Group, Inc. (EXPE) has announced a significant leadership change with the appointment of Scott Schenkel as its new Chief Financial Officer (CFO). Mr. Schenkel, a seasoned executive with extensive experience at eBay and General Electric, is set to assume the role after the company files its annual 10-K report. His appointment signals a new phase for Expedia's financial leadership, bringing in a CFO with a strong track record in e-commerce and financial operations. The terms of Mr. Schenkel's compensation have been detailed, including a substantial base salary, significant signing bonuses spread over two years, and robust severance packages in case of a qualifying termination. He will also receive a notable initial equity grant and is eligible for substantial annual equity awards, aligning his incentives with the company's long-term performance. This move is aimed at reinforcing the company's financial strategy and executive team.
Expedia Group, Inc. Quarterly Report for Q3 Ended Sep 30, 2024
Expedia Group, Inc. reported solid financial results for the third quarter and the first nine months of 2024, demonstrating resilience and growth across its segments. Revenue for the three months ended September 30, 2024, increased by 3% year-over-year to $4.06 billion, with a 6% increase for the nine-month period to $10.51 billion. This growth was primarily driven by a strong performance in the B2B segment and a recovery in the lodging and air travel businesses. Profitability also saw a significant improvement. Net income attributable to Expedia Group, Inc. more than doubled to $684 million in the third quarter of 2024, up from $425 million in the prior year. Diluted earnings per share rose to $5.04 from $2.87. The company continues to execute its strategy of building direct customer relationships and leveraging its unified technology platform, with initiatives like the One Key loyalty program showing promise in driving customer retention. The company maintained a strong liquidity position, with a significant cash balance and an undrawn revolving credit facility, while continuing its share repurchase program.
Expedia Group, Inc. 8-K Report, Financial Results (Nov 7, 2024)
Expedia Group, Inc. (EXPE) has filed an 8-K report on November 7, 2024, primarily announcing its financial results for the quarter ended September 30, 2024. The company is utilizing non-GAAP financial measures in its earnings release and conference call, with reconciliations provided in the furnished Exhibit 99.1. This report also discloses a significant leadership change: Chief Financial Officer Julie Whalen will be stepping down from her role. Ms. Whalen is expected to transition out of her CFO position before February 17, 2025, and has agreed to stay with the company until that date to ensure a seamless handover. Her departure is expected to trigger severance and equity award acceleration as per her employment agreement. Importantly, her resignation from the Board of Directors was effective immediately and was not due to any disagreements with the company's operations, policies, or practices. Investors should closely review the provided earnings release for detailed financial performance and the implications of the CFO transition.
Expedia Group, Inc. 8-K Report, Executive Changes (Sep 11, 2024)
Expedia Group, Inc. (EXPE) announced on September 11, 2024, a significant change in its leadership structure through an 8-K filing. Effective September 10, 2024, Mr. Peter Kern concluded his role as Vice Chairman and resigned from the Board of Directors. This move follows the company's recent management transition and reflects an agreement between Mr. Kern and the Board regarding the timing of his departure.
Expedia Group, Inc. 8-K Report, Regulation FD Disclosure (Aug 29, 2024)
Expedia Group, Inc. (EXPE) filed an 8-K on August 29, 2024, to disclose its participation in Deutsche Bank's 2024 Technology Conference. CEO Ariane Gorin will participate in a fireside chat, with a live webcast and investor presentation made available on the company's Investor Relations website. The filing indicates that this investor presentation may be used in subsequent investor interactions. The content of the presentation itself is not detailed in the 8-K, but its availability signifies ongoing investor engagement and potential for updated business insights.
Expedia Group, Inc. Quarterly Report for Q2 Ended Jun 30, 2024
Expedia Group, Inc. (EXPE) reported its second-quarter 2024 financial results, demonstrating continued revenue growth driven primarily by its B2B segment and lodging services. Total revenue increased by 6% to $3.56 billion for the quarter and by 7% to $6.45 billion for the six-month period ended June 30, 2024. The company's B2B segment showed particularly strong performance, with revenue up 22% year-over-year for the six-month period. Adjusted EBITDA also saw a healthy increase, rising 5% for the quarter and 12% year-to-date, indicating improved operational profitability. Despite an increase in selling and marketing expenses, particularly in direct costs, the company managed operating income growth due to improved revenue margins and disciplined cost management in technology and administrative functions. Expedia also continued its share repurchase program, buying back $1.1 billion in stock during the first half of the year, underscoring its commitment to returning capital to shareholders. The company maintains a strong liquidity position with substantial cash reserves and an undrawn credit facility, positioning it to navigate potential macroeconomic uncertainties and continue strategic investments.
Expedia Group, Inc. 8-K Report, Financial Results (Aug 8, 2024)
Expedia Group, Inc. (EXPE) filed an 8-K on August 8, 2024, to report its financial results for the quarter ended June 30, 2024. The core of this filing is the accompanying earnings release, which details the company's performance and outlook. Investors should pay close attention to the provided earnings release (Exhibit 99.1) as it contains the specific financial figures, including both GAAP and non-GAAP measures. The company will also be hosting a conference call to discuss these results, offering an opportunity for further insights and management commentary. While the 8-K itself does not provide the detailed financial numbers, it serves as the official notification of their release. The earnings release is the primary document for investors to understand Expedia's operational and financial condition for the latest quarter, including key metrics and any forward-looking statements or guidance. The company also clarifies that the information furnished under Item 2.02 is not considered 'filed' for certain legal purposes but is crucial for understanding the reported period's results.
Expedia Group, Inc. 8-K Report, Shareholder Vote Results (Jun 27, 2024)
Expedia Group, Inc. filed an 8-K on June 27, 2024, reporting the results of its 2024 Annual Meeting of Stockholders held on June 25, 2024. The filing indicates that all key proposals presented to shareholders were approved. This includes the election of thirteen directors to the Company's Board, an advisory vote to approve the compensation of named executive officers, and the ratification of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024. The meeting achieved quorum with a significant portion of outstanding common and Class B common stock represented. The voting outcomes suggest strong shareholder support for the current Board of Directors and the company's executive compensation practices. The ratification of the independent auditor also signals confidence in the company's financial reporting oversight. These results are generally positive for investors, indicating stability and alignment between management and the shareholder base on these critical governance matters.
Expedia Group, Inc. Quarterly Report for Q1 Ended Mar 31, 2024
Expedia Group, Inc. reported its first-quarter 2024 financial results, showcasing an 8% increase in total revenue to $2.9 billion, driven by a strong 25% surge in its B2B segment and a 10% rise in lodging revenue. Despite a reported net loss of $135 million, the company saw a significant 38% increase in Adjusted EBITDA to $255 million, highlighting improved operational efficiency and profitability from core segments. The B2C segment's Adjusted EBITDA grew by 46%, and B2B by 29%, indicating positive momentum in these key areas. However, the quarter was impacted by a $48 million restructuring charge related to organizational recalibration and ongoing legal reserves for occupancy and other taxes. The company also continued its aggressive share repurchase program, buying back $606 million of its stock. While revenue and gross bookings showed modest growth, investors should note the persistent net loss and the significant operational expenses, including a substantial increase in direct selling and marketing costs. The company's focus remains on strengthening its core brands and technology platform, with plans to expand its loyalty program internationally.
Expedia Group, Inc. 8-K Report, Financial Results (May 2, 2024)
Expedia Group, Inc. (EXPE) filed an 8-K on May 2, 2024, to report its financial results for the quarter ended March 31, 2024. The filing primarily consists of an earnings release (Exhibit 99.1) which details the company's performance and outlook. Investors should note that Expedia is utilizing non-GAAP financial measures in its reporting, and a reconciliation to GAAP measures is provided within the earnings release itself. While the 8-K doesn't contain detailed operational figures within its text, the furnished earnings release is the critical document for understanding the company's recent performance. Investors are encouraged to review Exhibit 99.1 thoroughly for specific revenue, profitability, and any forward-looking statements made by management.
Expedia Group, Inc. 8-K Report, Exit or Disposal Costs (Feb 26, 2024)
Expedia Group, Inc. has announced significant restructuring actions, including a workforce reduction impacting approximately 1,500 employees. This decision, communicated to a portion of affected employees starting February 26, 2024, is driven by the company's ongoing organizational and technological transformation. Investors should note that these actions are expected to incur pre-tax charges and cash expenditures ranging from $80 million to $100 million, primarily related to employee severance and benefits, with all costs anticipated to be recognized in fiscal year 2024. The company emphasizes that these restructuring efforts are part of a broader strategic recalibration of resources. While the announcement aims to provide clarity on the immediate financial impact, Expedia also cautions that the forward-looking statements within the filing are subject to risks and uncertainties. Actual results could differ materially due to various factors, as detailed in their risk factor disclosures. Investors are advised to monitor future filings for any updates and consider the potential implications of these operational changes on the company's long-term efficiency and strategic execution.
Expedia Group, Inc. Annual Report, Year Ended Dec 31, 2023
Expedia Group, Inc. (EXPE) filed its 2023 Form 10-K on February 9, 2024, providing a comprehensive overview of its business, financial performance, and strategic direction. The company continues to leverage its platform and brand strength to power the travel ecosystem, focusing on building direct customer relationships and driving product innovation. Revenue for the year ended December 31, 2023, increased by 10% to $12.8 billion, primarily driven by a 15% increase in lodging revenue. While B2C revenue saw a modest 4% increase, the B2B segment exhibited strong growth of 33%, indicating a successful diversification strategy. Adjusted EBITDA also saw a healthy 14% increase, demonstrating improved operational profitability. Expedia Group is strategically evolving its business model, with a significant push towards increasing customer loyalty and app adoption. The unified "One Key" loyalty program, launched in the US in 2023, aims to enhance customer engagement and repeat bookings across its core brands (Expedia, Hotels.com, and Vrbo). The company also continues to invest in technology and product development, including the migration of its core brands onto a unified technology front-end infrastructure to accelerate innovation and improve traveler experiences. While the company faces ongoing competition and regulatory scrutiny, its focus on platform optimization, brand strengthening, and customer loyalty positions it to navigate the evolving travel landscape.
Expedia Group, Inc. 8-K Report, Financial Results (Feb 8, 2024)
Expedia Group, Inc. (EXPE) filed an 8-K on February 8, 2024, primarily announcing a significant leadership transition and referencing their Q4 and full-year 2023 financial results. The most impactful news for investors is the appointment of Ariane Gorin as the new CEO, effective May 13, 2024, succeeding Peter Kern. Ms. Gorin, who has extensive experience within Expedia Group, most recently leading Expedia for Business, will also join the Board of Directors. Mr. Kern will transition to Vice Chairman and a Board member. The filing also includes details of Ms. Gorin's employment agreement, outlining her base salary, relocation and housing allowances, and comprehensive severance and equity compensation packages. While the 8-K itself doesn't contain the detailed financial results, it directs investors to the furnished earnings release (Exhibit 99.1) for information on the company's performance for the quarter and year ended December 31, 2023. Investors should review this earnings release for operational and financial metrics.
Expedia Group, Inc. 8-K Report, Bylaw Amendment (Dec 15, 2023)
Expedia Group, Inc. (EXPE) announced on December 15, 2023, that its Board of Directors has adopted amendments to its Amended and Restated Bylaws, effective December 13, 2023. These changes primarily focus on enhancing the procedural mechanics and disclosure requirements for stockholders intending to nominate directors or submit proposals for annual meetings. The amendments aim to provide greater clarity and transparency in the proxy solicitation process, particularly concerning director nominations.
Expedia Group, Inc. Quarterly Report for Q3 Ended Sep 30, 2023
Expedia Group, Inc. reported strong third-quarter 2023 results, with total revenue increasing by 9% to $3.9 billion compared to the prior year period. This growth was primarily driven by a 12% increase in lodging revenue and a significant 26% surge in the B2B segment. Despite an overall increase in revenue, operating income saw a decline of 19% to $607 million, largely attributable to a substantial $297 million goodwill impairment charge related to the trivago segment. Adjusted EBITDA, a key non-GAAP metric, showed a healthy 13% increase to $1.2 billion, indicating underlying operational strength. Financially, Expedia maintained a solid liquidity position with $5.1 billion in cash and cash equivalents and short-term investments as of September 30, 2023, and an undrawn $2.5 billion revolving credit facility. The company actively managed its capital through share repurchases, spending $1.6 billion in the first nine months of 2023, and announced a new $5 billion repurchase program. Investors should note the ongoing legal proceedings concerning occupancy taxes, though management believes these will not have a material adverse effect.
Expedia Group, Inc. 8-K Report, Financial Results (Nov 2, 2023)
Expedia Group, Inc. (EXPE) filed an 8-K on November 2, 2023, primarily to report its financial results for the third quarter ended September 30, 2023, and to announce a significant new share repurchase program. Investors should note that the company is referencing non-GAAP financial measures in its earnings release, with reconciliations provided in the furnished earnings release (Exhibit 99.1). The details of these quarterly results will offer insight into the company's operational performance and financial condition during the period. Furthermore, the filing disclosed that Expedia Group's Board of Directors has approved a new share repurchase program authorizing the buyback of up to $5 billion of the company's common stock. This substantial authorization signals management's confidence in the company's valuation and its commitment to returning capital to shareholders. Investors will want to review the accompanying earnings release for detailed financial metrics and the press release concerning the repurchase program for further context on capital allocation strategies.
Expedia Group, Inc. 8-K Report, Financial Results (Aug 3, 2023)
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.
Expedia Group, Inc. Quarterly Report for Q2 Ended Jun 30, 2023
Expedia Group, Inc. (EXPE) reported strong financial results for the second quarter and first half of 2023, demonstrating a significant rebound from the previous year. Revenue for the three months ended June 30, 2023, increased by 6% to $3.36 billion, and for the six months ended June 30, 2023, revenue rose by 11% to $6.02 billion. This growth was primarily driven by a robust performance in the B2B segment and a strong increase in lodging revenue, which grew 12% and 18% for the respective periods. The company also reported a substantial increase in operating income, up 28% for the quarter and 53% for the six-month period, reflecting improved revenue generation and operational efficiencies. Net income attributable to Expedia Group, Inc. for the second quarter was $385 million, a significant turnaround from a net loss of $185 million in the prior year period. For the six months, net income was $240 million compared to a net loss of $307 million in the prior year. This profitability improvement was supported by strong Adjusted EBITDA growth, particularly in the B2C and B2B segments, alongside effective cost management. The company continues to invest in technology and product innovation, underscoring its commitment to enhancing traveler experiences and strengthening direct customer relationships.
Expedia Group, Inc. 8-K Report, Executive Changes (Jun 2, 2023)
Expedia Group, Inc. (EXPE) filed an 8-K on June 2, 2023, detailing significant changes in its Board of Directors and stockholder-approved plan amendments. Notably, Samuel Altman resigned from the Board to focus on other business interests, effective June 1, 2023. To fill this vacancy, Alexandr Wang, founder and CEO of Scale AI, was elected to the Board on May 31, 2023. Mr. Wang is considered an independent director and brings extensive experience in artificial intelligence and technology. Furthermore, the company's stockholders approved key equity incentive plans at the 2023 Annual Meeting. This includes the Sixth Amended and Restated Expedia Group, Inc. 2005 Stock and Annual Incentive Plan, which increases the authorized shares by 6 million, and amendments to the Employee Stock Purchase Plans (U.S. and International) to increase authorized shares by 1 million. Stockholders also provided an advisory vote of approval for executive compensation and recommended an annual frequency for such votes. The appointment of Ernst & Young LLP as the independent registered public accounting firm was ratified.
Expedia Group, Inc. Quarterly Report for Q1 Ended Mar 31, 2023
Expedia Group, Inc. (EXPE) reported its first quarter 2023 financial results, showing a significant year-over-year increase in revenue, driven primarily by the B2B and B2C segments, with lodging and air travel showing strong recovery. Despite an overall increase in revenue, the company reported a net loss of $140 million, an increase from the prior year's net loss of $123 million, and a diluted loss per share of $0.95, compared to $0.78 in the prior year. This was partly impacted by higher selling and marketing expenses, which increased by 25% as the company shifts its strategy towards building direct customer relationships and loyalty programs. The company also incurred a significant TripAdvisor tax indemnification adjustment, impacting its tax provision. Operationally, gross bookings saw a robust 20% increase, signaling strong travel demand. The company continues to focus on its 'One Key' loyalty program and technology unification to enhance customer experiences and operational efficiency. Expedia maintained a strong liquidity position with $8.4 billion in cash, cash equivalents, and restricted cash, and an undrawn $2.5 billion credit facility.
Expedia Group, Inc. 8-K Report, Financial Results (May 4, 2023)
Expedia Group, Inc. (EXPE) filed an 8-K on May 4, 2023, primarily to announce its first-quarter 2023 financial results. The company reported its earnings for the quarter ended March 31, 2023, and held a conference call to discuss these results. Investors should note that Expedia Group made reference to non-GAAP financial measures in its release and call, with reconciliations provided in the furnished earnings release (Exhibit 99.1). While the 8-K itself is largely procedural, containing the earnings release as an exhibit, the core information for investors lies within the details of that earnings release. This typically includes key financial metrics, operational performance indicators, and management's commentary on the outlook. Investors should refer to Exhibit 99.1 for the specific financial figures and discussion of the company's performance during the first quarter of 2023.
Expedia Group, Inc. 8-K Report, Listing Notice (Feb 16, 2023)
Expedia Group, Inc. (EXPE) announced a board refreshment and enhancement to its Audit Committee. The company expanded its Board of Directors from 11 to 12 members and elected M. Moina Banerjee as a new director. Crucially, Ms. Banerjee has been appointed as the Chair of the Audit Committee, bringing significant financial expertise and meeting the Nasdaq independence and financial expert requirements. This move strengthens the oversight capabilities of a key board committee and signals continued commitment to robust corporate governance practices. Ms. Banerjee's extensive background includes her recent role as CFO of JBG Smith Properties, along with prior experience in real estate investment, capital markets, and investment banking at firms like Blackstone Group and Citigroup. Her appointment as Audit Committee Chair is particularly noteworthy for investors concerned with financial reporting integrity and risk management. The company has confirmed compliance with Nasdaq's listing rules regarding audit committee composition following this appointment.
Expedia Group, Inc. Annual Report, Year Ended Dec 31, 2022
Expedia Group, Inc. (EXPE) filed its 2022 Form 10-K, detailing a strong recovery in travel demand following the COVID-19 pandemic. The company experienced significant revenue growth, driven by a rebound in lodging and air travel, with a continued focus on evolving its consumer retail strategy towards building direct customer relationships and enhancing loyalty through its upcoming 'One Key' program. While the business demonstrated resilience and growth in 2022, it also faces ongoing challenges, including intense competition, macroeconomic pressures such as inflation and rising interest rates, and evolving regulatory landscapes. The company is actively managing its operational efficiencies and marketing investments, aiming for improved performance and scalability through its platform operating model. Investors should monitor the company's ability to navigate competitive pressures and adapt to changing consumer behaviors, particularly the shift towards direct bookings and loyalty programs.
Expedia Group, Inc. 8-K Report, Financial Results (Feb 9, 2023)
Expedia Group, Inc. (EXPE) has filed an 8-K on February 9, 2023, to report its financial results for the quarter and year ended December 31, 2022. The filing primarily directs investors to the furnished earnings release (Exhibit 99.1) which contains detailed financial performance and will be discussed in an upcoming conference call. Investors should note that Expedia Group is utilizing non-GAAP financial measures, and a reconciliation to GAAP is provided within the earnings release.
Expedia Group, Inc. Quarterly Report for Q3 Ended Sep 30, 2022
Expedia Group, Inc. (EXPE) reported a strong rebound in the third quarter of 2022, with total revenue increasing by 22% year-over-year to $3.6 billion, driven by robust recovery in travel demand across its Retail and B2B segments. This revenue growth translated into a significant improvement in profitability, with operating income rising 42% to $747 million and net income attributable to common stockholders reaching $482 million, up from $362 million in the prior year period. The company's gross bookings also saw substantial growth of 28%, indicating a strong recovery towards pre-pandemic levels. Financially, Expedia demonstrated improved operational efficiency, with selling and marketing expenses as a percentage of revenue decreasing slightly. The company also actively managed its debt, completing several tender offers and redemptions to reduce its outstanding debt obligations and capitalize on favorable market conditions. Despite ongoing macroeconomic uncertainties, Expedia's liquidity remains strong, supported by healthy operating cash flows and an untapped revolving credit facility, positioning the company to navigate the evolving travel landscape.
Expedia Group, Inc. 8-K Report, Financial Results (Nov 3, 2022)
Expedia Group, Inc. (EXPE) filed an 8-K on November 3, 2022, primarily to report its financial results for the third quarter ended September 30, 2022. The filing includes an earnings release which provides detailed financial performance and operational metrics. Investors should note that the company is referencing non-GAAP financial measures in its reporting, and a reconciliation to the nearest comparable GAAP measures is available within the furnished earnings release. This report is crucial for understanding Expedia's recent performance and outlook amidst evolving market conditions in the travel industry. The key takeaway for investors is that the company has provided its Q3 2022 financial performance details. While the 8-K itself is procedural, the attached earnings release (Exhibit 99.1) contains the substantive financial and operational data investors will be analyzing. The use of non-GAAP measures means investors need to pay close attention to the reconciliation provided to fully assess the company's financial health and profitability.
Expedia Group, Inc. 8-K Report, Listing Notice (Oct 31, 2022)
Expedia Group, Inc. (EXPE) filed an 8-K on October 31, 2022, primarily to disclose the appointment of Henrique Dubugras to its Board of Directors. Mr. Dubugras was elected to fill a vacancy and has been determined to be an independent director, restoring the Board's compliance with Nasdaq's majority independent director requirement. This appointment addresses a recent governance concern following the resignation of a previous director. While the Board's overall independence has been restored, Expedia continues to work on filling a vacancy within its Audit Committee to ensure full compliance with Nasdaq's requirements regarding the number of independent directors on that committee. Investors should note Mr. Dubugras's background, which includes significant experience in financial services and technology startups, as well as his directorship at MercadoLibre.
Expedia Group, Inc. 8-K Report, Listing Notice (Sep 14, 2022)
Expedia Group, Inc. (EXPE) filed an 8-K on September 14, 2022, detailing significant executive changes and related listing compliance matters. The report announces the resignation of Julie Whalen from the audit committee due to her appointment as Chief Financial Officer (CFO), effective September 26, 2022. Concurrently, the company received notice from Nasdaq indicating non-compliance with majority independent board and audit committee composition requirements, stemming from recent director departures and Ms. Whalen's shift from an independent director role to a non-independent executive officer. Expedia has been granted a cure period until its next annual meeting or September 13, 2023, to rectify these issues by appointing additional independent directors. Additionally, the filing confirms the departure of Eric Hart as CFO and Chief Strategy Officer, effective September 26, 2022, with an employment transition and services agreement in place until October 1, 2022. Mr. Hart's departure is not due to any disagreements. He will receive customary severance, accelerated vesting of some equity, and will continue to serve on the supervisory boards of Trivago N.V. and Global Business Travel Group, Inc. The appointment of Julie Whalen as the new CFO brings significant experience from her previous role at Williams-Sonoma, Inc., and includes a substantial compensation package with a base salary of $950,000 and significant equity awards.
Expedia Group, Inc. 8-K Report, Corporate Update (Sep 12, 2022)
Expedia Group, Inc. (EXPE) filed an 8-K on September 12, 2022, to announce the early tender results and pricing terms of its previously announced tender offers for its 2.950% Senior Notes due 2031 and 3.25% Senior Notes due 2030. The company announced its intention to accept for purchase $500 million aggregate principal amount of the Notes due 2031, which was the maximum aggregate tender amount. Notably, no aggregate principal amount of the Notes due 2030 will be accepted for purchase due to the success of the tender offer for the Notes due 2031 exceeding the specified cap. This action signifies Expedia's strategy to manage its debt obligations, likely by refinancing or retiring higher-cost debt with available cash. The full $500 million tender for the 2031 notes indicates strong investor participation in the offer and potentially a favorable market for Expedia to reduce its outstanding debt. The company's press releases, attached as exhibits, provide further detail on these tender offers and should be reviewed for a comprehensive understanding of the transaction's implications.