SEATTLE, WA – February 11, 2021 – Expedia Group, Inc. (NASDAQ: EXPE) announced financial results today for the fourth quarter ended December 31, 2020.
“Last year was an incredibly difficult year for the travel industry, and while not as hard hit as many of our partners, Expedia was not spared the broadly negative impacts of COVID-19. The fourth quarter brought signs of hope in the form of vaccine approvals, but rising cases across the globe and rolling shutdowns of various travel markets made an impact. As a result, Q4 did not show any real sequential progress other than some signs of modest improvement around the holidays that carried into the early part of 2021," said Vice Chairman and CEO, Peter Kern. "While the environment continues to be unpredictable, we remain keenly focused on reshaping and simplifying our business. We are proud of the teams' immense effort during such a difficult personal and professional time for all of us, and we look forward to much better outcomes for our customers and partners as the travel market rebounds."
Financial Summary & Operating Metrics ($ millions except per share amounts) - Fourth Quarter 2020(1)
Expedia Group, Inc.
Room night growth
Operating income (loss)
Net income (loss) attributable to Expedia Group common stockholders
Diluted earnings (loss) per share
Adjusted net income (loss)(2)
Free cash flow(2)
(1)All comparisons are against comparable period of 2019 unless otherwise noted.
(2)"Adjusted EBITDA" (Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization), "Adjusted net income (loss)," "Adjusted EPS" and "Free cash flow" are non-GAAP measures as defined by the Securities and Exchange Commission (the "SEC"). See "Definitions of Non-GAAP Measures" and "Tabular Reconciliations for Non-GAAP Measures" on pages 12-19 herein for an explanation and reconciliations of non-GAAP measures used throughout this release. Expedia Group does not calculate or report net income by segment.
Financial Summary & Operating Metrics ($ millions except per share amounts) - Full Year 2020(1)
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The following information was filed by Expedia Group, Inc. (EXPE) on Thursday, February 11, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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Ticker: EXPE CIK: 1324424 Form Type:10-K Annual Report Accession Number: 0001324424-21-000015 Submitted to the SEC: Thu Feb 11 2021 5:40:07 PM EST Accepted by the SEC: Fri Feb 12 2021 Period: Thursday, December 31, 2020 Industry: Transportation Services