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

Expedia Group, Inc.

CIK: 1324424 Ticker: EXPE
Exhibit 99.1


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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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Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Comprehensive Income (Loss) (Parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Operations (Parenthetical)
Basis Of Presentation
Commitments And Contingencies
Commitments And Contingencies - Additional Information (Detail)
Debt
Debt (Tables)
Debt - Additional Information (Detail)
Debt - Fair Value Of Outstanding Debt (Details)
Debt - Long Term Debt Outstanding (Details)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Additional Information (Detail)
Earnings Per Share - Basic And Diluted Earnings Per Share (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Detail)
Fair Value Measurements - Financial Assets And Liabilities Measured At Fair Value On Recurring Basis (Details)
Guarantor And Non-Guarantor Supplemental Financial Information
Guarantor And Non-Guarantor Supplemental Financial Information (Tables)
Guarantor And Non-Guarantor Supplemental Financial Information - Condensed Consolidated Statements Of Cash Flows (Details)
Guarantor And Non-Guarantor Supplemental Financial Information - Condensed Consolidating Balance Sheet Information (Details)
Guarantor And Non-Guarantor Supplemental Financial Information - Schedule Of Statement Of Operations (Details)
Income Taxes
Income Taxes - Additional Information (Detail)
Segment Information
Segment Information (Detail)
Segment Information (Tables)
Segment Information - Additional Information (Detail)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Accumulated Other Comprehensive Loss (Details)
Stockholders' Equity - Additional Information (Details)
Stockholders' Equity - Summary Of Dividends Declared (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Cash, Cash Equivalents, And Restricted Cash (Details)
Summary Of Significant Accounting Policies - Recently Adopted Accounting Policies (Details)
Summary Of Significant Accounting Policies - Recently Adopted Accounting Policies Narrative (Details)
Summary Of Significant Accounting Policies - Revenue Recognition (Details)
Ticker: EXPE
CIK: 1324424
Form Type: 10-Q Quarterly Report
Accession Number: 0001324424-18-000053
Submitted to the SEC: Thu Oct 25 2018 5:55:30 PM EST
Accepted by the SEC: Fri Oct 26 2018
Period: Sunday, September 30, 2018
Industry: Transportation Services

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