Expedia Group, Inc. (EXPE) 10-Q Quarterly Report Fri May 03 2019


•	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

Material Contracts, Statements, Certifications & more

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

Exhibit 10.1: Material Contract

Exhibit 10.2: Material Contract

Exhibit 10.3: Material Contract

Exhibit 10.4: Material Contract

Exhibit 10.16: Material Contract

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

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