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Expedia Group, Inc. (EXPE) SEC Filing 10-Q Quarterly report for the period ending Monday, September 30, 2019

Expedia Group, Inc.

CIK: 1324424 Ticker: EXPE
Exhibit 99.1

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Expedia Group Reports Third Quarter 2019 Results
BELLEVUE, WA – November 6, 2019 – Expedia Group, Inc. (NASDAQ: EXPE) announced financial results today for the third quarter ended September 30, 2019.
Key Highlights(1) 
Gross bookings increased $2.3 billion or 9% to $26.9 billion. Revenue increased 9% to $3.6 billion.
Total stayed lodging room nights increased 11%.
Expedia Group's net income declined 22% and Adjusted EBITDA was flat in the third quarter.
Expedia Group exceeded 1.4 million properties available on its core lodging platform as of September 30, 2019, including over 650,000 integrated Vrbo listings.
Year-to-date, Expedia Group repurchased 3.2 million shares for $418 million. Including the Liberty Expedia Holdings, Inc. transaction, Expedia Group has retired a total of 6.3 million shares.
Year-to-date net cash provided by operating activities and free cash flow grew 14% and 5%, respectively. Excluding capital expenditures related to our Seattle headquarters, year-to-date free cash flow grew 15%.

Financial Summary & Operating Metrics ($ millions except per share amounts)
 
Expedia Group (excluding trivago)(3)
Expedia Group, Inc.
Metric
Q3 2019
Q3 2018
Δ Y/Y
Q3 2019
Q3 2018
Δ Y/Y
Room night growth
11%
13%
(189) bps
11%
13%
(189) bps
Gross bookings
$26,927
$24,676
9%
$26,927
$24,676
9%
Revenue
3,368
3,076
9%
3,558
3,276
9%
Operating income
606
651
(7)%
609
672
(9)%
Net income attributable to Expedia Group
 
 
 
409
525
(22)%
Diluted earnings per share
 
 
 
$2.71
$3.43
(21)%
Adjusted EBITDA(2)
900
881
2%
912
912
—%
Adjusted net income(2)
518
553
(6)%
520
567
(8)%
Adjusted EPS(2)
$3.37
$3.56
(5)%
$3.38
$3.65
(7)%
Free cash flow(2)
 
 
 
(1,152)
(594)
94%
(1)All comparisons are against comparable period of 2018 unless otherwise noted.
(2)"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 12-18 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.
(3)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™. Results include the related international points of sale for all brands and the immaterial impact of Bodybuilding.com since the Liberty Expedia Holdings, Inc. transaction on July 26, 2019. All amounts shown are in U.S. dollars.

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The following information was filed by Expedia Group, Inc. (EXPE) on Wednesday, November 6, 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

Cover Page
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 (Loss)
Consolidated Statements Of Comprehensive Income (Loss) (Parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Operations (Parenthetical)
- Segment Information (Detail)
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 (Loss) 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)
Leases
Leases (Details)
Leases (Tables)
Leases Maturities Of Lease Liabilities (Details)
Leases Supplemental Balance Sheet Information (Details)
Leases Supplemental Cash Flow Information (Details)
Liberty Expedia Holdings Transaction
Liberty Expedia Holdings Transaction - Narrative (Details)
Related Party Transactions
Related Party Transactions - Additional Information (Details)
Restructuring And Related Reorganization Charges
Restructuring And Related Reorganization Charges (Details)
Segment Information
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 - 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 Narrative (Details)
Summary Of Significant Accounting Policies - Revenue Recognition (Details)
Ticker: EXPE
CIK: 1324424
Form Type: 10-Q Quarterly Report
Accession Number: 0001324424-19-000047
Submitted to the SEC: Wed Nov 06 2019 5:46:17 PM EST
Accepted by the SEC: Thu Nov 07 2019
Period: Monday, September 30, 2019
Industry: Transportation Services

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