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Expedia Group, Inc. (EXPE) SEC Filing 10-Q Quarterly report for the period ending Sunday, March 31, 2019

Expedia Group, Inc.

CIK: 1324424 Ticker: EXPE
Exhibit 99.1

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Expedia Group Reports First Quarter 2019 Results
BELLEVUE, WA – May 2, 2019 – Expedia Group, Inc. (NASDAQ: EXPE) announced financial results today for the first quarter ended March 31, 2019.
Key Highlights
Gross bookings increased 8% and revenue increased 4% year-over-year. Excluding the impact of foreign exchange, gross bookings increased 11% and revenue increased 7% year-over-year.(1) 
Expedia Group's net loss improved 25% and Adjusted EBITDA grew 42% year-over-year.
Total stayed lodging room nights increased 9% year-over-year.
Expedia Group exceeded 1.1 million properties available on its core lodging platform as of March 31, 2019, including approximately 460,000 integrated Vrbo listings.
In April, Expedia Group agreed to acquire Liberty Expedia Holdings, Inc. in an all-stock transaction. As a result of the transaction Expedia Group expects to retire approximately 3.1 million shares.
Financial Summary & Operating Metrics ($ millions except per share amounts)
 
Expedia Group (excluding trivago)(2)
Expedia Group, Inc.
Metric
Q1 2019
Q1 2018
Δ Y/Y
Q1 2019
Q1 2018
Δ Y/Y
Room night growth
9%
15%
(605) bps
9%
15%
(605) bps
Gross bookings
$29,409
$27,196
8%
$29,409
$27,196
8%
Revenue
2,457
2,311
6%
2,609
2,508
4%
Operating loss
(146)
(129)
(14)%
(131)
(165)
21%
Net loss attributable to Expedia Group
 
 
 
(103)
(137)
25%
Diluted loss per share
 
 
 
$(0.69)
$(0.91)
23%
Adjusted EBITDA(1)
152
152
—%
176
124
42%
Adjusted net income (loss)(1)
(52)
(54)
4%
(40)
(69)
42%
Adjusted EPS(1)
$(0.35)
$(0.36)
1%
$(0.27)
$(0.46)
41%
Free cash flow(1)
 
 
 
1,875
1,484
26%

(1) "Adjusted EBITDA" (Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization), "Adjusted net income (loss)," "Adjusted EPS," "Free cash flow" and revenue excluding the impact of foreign exchange 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 12-17 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) trivago is 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.

Discussion of Results
The results for Expedia Group, Inc. ("Expedia Group" or "the Company") include Brand Expedia®, Hotels.com®, Expedia® Partner Solutions, Vrbo®, Egencia®, trivago®, HomeAway®, Orbitz®, Travelocity®, Hotwire®, Wotif®, ebookers®, CheapTickets®, Expedia Group™ Media Solutions, Expedia Local Expert®, CarRentals.com™, Expedia® CruiseShipCenters®, Classic Vacations®, Traveldoo®, VacationRentals.com and SilverRail™, including the related international points of sale for all brands. All amounts shown are in U.S. dollars.

In the first quarter of 2019, Expedia Group renamed the HomeAway segment Vrbo.

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The following information was filed by Expedia Group, Inc. (EXPE) on Thursday, May 2, 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-Q Quarterly 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-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity (Parenthetical)
Consolidated Statements Of Changes In Stockholders' Equity Statement
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 (Loss) Per Share
Earnings (Loss) Per Share - Additional Information (Detail)
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)
Leases (Details)
Leases (Notes)
Leases (Tables)
Leases Maturities Of Lease Liabilities (Details)
Leases Supplemental Balance Sheet Information (Details)
Leases Supplemental Cash Flow Information (Details)
Related Party Transactions
Restructuring And Related Reorganization Charges (Details)
Restructuring And Related Reorganization Charges (Notes)
Segment Information
Segment Information (Detail)
Segment Information (Tables)
Segment Information - Additional Information (Detail)
Segment Information - Revenue By Business Model And Service Type (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Accumulated Other Comprehensive Loss (Details)
Stockholders' Equity - Stock-Based Awards (Details)
Stockholders' Equity - Summary Of Dividends Declared (Details)
Subsequent Events
Subsequent Events (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 Narrative (Details)
Summary Of Significant Accounting Policies - Revenue Recognition (Details)
Ticker: EXPE
CIK: 1324424
Form Type: 10-Q Quarterly Report
Accession Number: 0001324424-19-000020
Submitted to the SEC: Thu May 02 2019 5:46:24 PM EST
Accepted by the SEC: Fri May 03 2019
Period: Sunday, March 31, 2019
Industry: Transportation Services

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