Expedia Group, Inc. (EXPE) 10-K Annual Report February 2019

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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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Expedia Group, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 10.17: Material Contract

Exhibit 10.22: Material Contract

Exhibit 10.23: Material Contract

Exhibit 10.45: Material Contract

Exhibit 10.46: Material Contract

Exhibit 21: Subsidaries Of The Registrant

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.3: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Exhibit 32.3: Section 1350 Certification

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

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