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Expedia Group, Inc. (EXPE) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

Expedia Group, Inc.

CIK: 1324424 Ticker: EXPE
Exhibit 99.1

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Expedia Group Reports Fourth Quarter and Full Year 2018 Results
BELLEVUE, WA – February 7, 2019 – Expedia Group, Inc. (NASDAQ: EXPE) announced financial results today for the fourth quarter and full year ended December 31, 2018.
Key Highlights
Gross bookings increased 13% year-over-year to $99.7 billion for the full year 2018. Revenue increased 12% year-over-year to $11.2 billion for the full year.
For full year 2018, Net income, Adjusted net income and Adjusted EBITDA grew 7%, 33% and 15% year-over-year, respectively. Diluted EPS and Adjusted EPS grew 10% and 35% year-over-year, respectively, during full year 2018.
Total stayed lodging room nights increased 13% year-over-year for the full year 2018, and 11% in the fourth quarter. HomeAway stayed property nights grew 29% year-over-year for the full year 2018, and 20% for the fourth quarter.
Expedia Group exceeded 1 million properties available on its core lodging platform as of December 31, 2018, including over 370,000 integrated HomeAway listings.
In 2018, Expedia Group returned $1.1 billion to shareholders, including repurchasing 7.7 million shares for $903 million and paying $186 million in dividends.
Financial Summary & Operating Metrics ($ millions except per share amounts) - Fourth Quarter 2018
 
Expedia Group (excluding trivago)(2)
Expedia Group, Inc.
Metric
Q4 2018
Q4 2017
Δ Y/Y
Q4 2018
Q4 2017
Δ Y/Y
Room night growth
11%
15%
(451) bps
11%
15%
(451) bps
Gross bookings
$21,957
$19,766
11%
$21,957
$19,766
11%
Revenue
2,439
2,187
11%
2,559
2,319
10%
Operating income
75
131
(42)%
96
114
(15)%
Net income attributable to Expedia Group
 
 
 
17
55
(69)%
Diluted EPS
 
 
 
$0.11
$0.35
(69)%
Adjusted EBITDA(1)
438
411
7%
471
402
17%
Adjusted net income(1)
180
142
27%
191
132
45%
Adjusted EPS(1)
$1.18
$0.90
31%
$1.24
$0.84
49%
Free cash flow(1)
 
 
 
(389)
(285)
(36)%

(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 16-22 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.





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The following information was filed by Expedia Group, Inc. (EXPE) on Thursday, February 7, 2019 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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Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Changes In Stockholders' Equity (Parenthetical)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Consolidated Statements Of Operations (Parenthetical)
Acquisitions And Other Investments
Acquisitions And Other Investments (Tables)
Acquisitions And Other Investments - Additional Information (Detail)
Acquisitions And Other Investments - Summary Of Fair Value Of Assets Acquired And Liabilities Assumed In Conjunction With Acquisition (Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Additional Information (Detail)
Commitments And Contingencies - Lease Commitments (Details)
Commitments And Contingencies - Schedule Of Commitments And Obligations (Details)
Debt
Debt (Tables)
Debt - Additional Information (Detail)
Debt - Fair Value Of Debt Outstanding (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)
Employee Benefit Plans
Employee Benefit Plans - Additional Information (Detail)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Detail)
Fair Value Measurements - Financial Instruments Measured At Fair Value (Details)
Goodwill And Intangible Assets, Net
Goodwill And Intangible Assets, Net (Tables)
Goodwill And Intangible Assets, Net - Additional Information (Detail)
Goodwill And Intangible Assets, Net - Changes In Goodwill By Reportable Segment (Details)
Goodwill And Intangible Assets, Net - Components Of Intangible Assets With Definite Lives (Details)
Goodwill And Intangible Assets, Net - Estimated Future Amortization Expense Related To Intangible Assets (Details)
Goodwill And Intangible Assets, Net - Schedule Of Goodwill And Intangible Assets (Details)
Guarantor And Non-Guarantor Supplemental Financial Information
Guarantor And Non-Guarantor Supplemental Financial Information (Tables)
Guarantor And Non-Guarantor Supplemental Financial Information - Schedule Of Balance Sheet Information (Details)
Guarantor And Non-Guarantor Supplemental Financial Information - Schedule Of Cash Flow Statement Information (Details)
Guarantor And Non-Guarantor Supplemental Financial Information - Schedule Of Statement Of Operations Information (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Detail)
Income Taxes - Components Of Deferred Tax Assets And Deferred Tax Liabilities (Details)
Income Taxes - Domestic And Foreign Income Loss Before Income Taxes (Details)
Income Taxes - Schedule Of Statutory Federal Income Tax Rate To Income From Continuing Operations Before Income Taxes (Details)
Income Taxes - Summary Of Provision For Income Taxes (Details)
Income Taxes - Uncertain Tax Positions (Details)
Organization And Basis Of Presentation
Other Income (Expense)
Other Income (Expense) (Tables)
Other Income Expense (Detail)
Property And Equipment, Net
Property And Equipment, Net (Tables)
Property And Equipment, Net - Additional Information (Detail)
Property And Equipment, Net - Components Of Property And Equipment, Net (Details)
Quarterly Financial Information (Unaudited)
Quarterly Financial Information (Unaudited) (Tables)
Quarterly Financial Information - Schedule Of Quarterly Financial Information (Details)
Redeemable Non-Controlling Interests
Redeemable Non-Controlling Interests (Tables)
Redeemable Non-Controlling Interests - Additional Information (Details)
Redeemable Non-Controlling Interests - Reconciliation Of Redeemable Non-Controlling Interest (Details)
Related Party Transactions
Related Party Transactions - Additional Information (Detail)
Restructuring And Related Reorganization Charges
Restructuring And Related Reorganization Charges - Additional Information (Detail)
Segment Information
Segment Information (Tables)
Segment Information - Additional Information (Detail)
Segment Information - Revenue By Services And Geographic Area (Details)
Segment Information - Schedule Of Property Plant And Equipment By Geographic Area (Details)
Segment Information - Schedule Of Segment Information (Detail)
Significant Accounting Policies
Significant Accounting Policies (Tables)
Significant Accounting Policies - Cumulative Effect Of The Revenue Accounting Changes Made (Details)
Significant Accounting Policies - Additional Information (Detail)
Significant Accounting Policies - Reconciliation Of Cash, Cash Equivalents And Restricted Cash (Details)
Significant Accounting Policies Policies (Policies)
Stock-Based Awards And Other Equity Instruments
Stock-Based Awards And Other Equity Instruments (Tables)
Stock-Based Awards And Other Equity Instruments - Additional Information (Detail)
Stock-Based Awards And Other Equity Instruments - Summary Of Restricted Stock Units Activity (Details)
Stock-Based Awards And Other Equity Instruments - Summary Of Stock Option Activity (Details)
Stock-Based Awards And Other Equity Instruments - Weighted Average Assumptions Of Black-Scholes And Monte Carlo Option-Pricing Models (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Accumulated Other Comprehensive Loss (Details)
Stockholders' Equity - Additional Information (Details)
Stockholders' Equity - Effects Of Changes In Noncontrolling Interest (Details)
Stockholders' Equity - Shares Repurchased (Details)
Stockholders' Equity - Summary Of Dividends Declared (Details)
Valuation And Qualifying Accounts
Valuation And Qualifying Accounts (Details)
Valuation And Qualifying Accounts (Tables)
Ticker: EXPE
CIK: 1324424
Form Type: 10-K Annual Report
Accession Number: 0001324424-19-000006
Submitted to the SEC: Thu Feb 07 2019 5:58:44 PM EST
Accepted by the SEC: Fri Feb 08 2019
Period: Monday, December 31, 2018
Industry: Transportation Services

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