Expedia Group, Inc. (EXPE) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Earnings Press Release
10-Q Quarterly Report
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Expedia Group, Inc.
Ticker: EXPE CIK: 1324424

Exhibit 99.1

Expedia Group Reports Third Quarter 2018 Results

BELLEVUE, WA – October 25, 2018 – Expedia Group, Inc. (NASDAQ: EXPE) announced financial results today for the third quarter ended September 30, 2018.

Key Highlights


•	Gross bookings increased $2.5 billion or 11% year-over-year to $24.7 billion. Revenue increased 10% year-over-year to $3.3 billion.


•	Net income and Adjusted EBITDA grew 49% and 29% year-over-year, respectively, during the third quarter. HomeAway grew both operating income and Adjusted EBITDA 66% year-over-year.⁽¹⁾


•	Total stayed lodging room nights grew 13% year-over-year, while stayed property nights for HomeAway increased 28% year-over-year.


•	Expedia Group's global lodging portfolio increased to more than 895,000 properties available as of September 30, 2018, including over 300,000 integrated HomeAway listings. HomeAway now offers nearly 1.8 million online bookable listings.


•	Year to date, Expedia Group repurchased 5.4 million shares for $634 million.

Financial Summary & Operating Metrics ($ millions except per share amounts)



	Expedia Group (excluding trivago)⁽²⁾			Expedia Group, Inc.
Metric	Q3 2018	Q3 2017	Δ Y/Y	Q3 2018	Q3 2017	Δ Y/Y
Room night growth	13%	16%	(383) bps	13%	16%	(383) bps
Gross bookings	$24,676	$22,197	11%	$24,676	$22,197	11%
Revenue	3,076	2,745	12%	3,276	2,966	10%
Operating income	651	499	31%	672	481	39%
Net income attributable to Expedia Group				525	352	49%
Diluted EPS				$3.43	$2.23	54%
Adjusted EBITDA⁽¹⁾	881	717	23%	912	709	29%
Adjusted net income⁽¹⁾	553	393	41%	567	399	42%
Adjusted EPS⁽¹⁾	$3.56	$2.47	44%	$3.65	$2.51	46%
Free cash flow⁽¹⁾				(594)	(612)	(3)%

⁽¹⁾ "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 14-19 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.

⁽²⁾ Upon completion of its initial public offering on December 16, 2016, trivago became a separately listed company on the Nasdaq Global Select Market and, therefore, is subject to its own reporting and filing requirements which could result in possible differences that are not expected to be material to Expedia Group.

Please refer to the "Glossary of Business Terms," located in the Quarterly Results section on Expedia Group's investor relations website, for business and financial statement definitions used throughout this release.

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The following information was filed by Expedia Group, Inc. (EXPE) on Thursday, October 25, 2018 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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