Exhibit 99.1

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Expedia Group Reports Fourth Quarter and Full Year 2019 Results
SEATTLE, WA – February 13, 2020 – Expedia Group, Inc. (NASDAQ: EXPE) announced financial results today for the fourth quarter and full year ended December 31, 2019.

“Since our management change in December we have re-focused the company on our core operations which had suffered for much of 2019. We have rapidly moved to simplify how we operate and increase efficiency. These changes helped us exceed the high-end of our revised guidance range in 2019 and will contribute to accelerated profit growth in our underlying business in 2020. In addition, we are targeting $300-500 million of run-rate cost savings across our business. We are not providing a specific guidance range given uncertainty on how much cost savings we’ll recognize this year and the full effect of Coronavirus. However, taking these factors into account, we expect 2020 Adjusted EBITDA growth to be in the double-digits,” said Chairman Barry Diller and Vice Chairman Peter Kern. “More importantly, the actions we’re taking to simplify our business and drive cost efficiency will position Expedia Group for improved revenue growth and margin expansion for years to come.”

Key Highlights(1) 
Gross bookings and revenue each increased 8%, to $107.9 billion and $12.1 billion, respectively for the full year 2019.
Total stayed lodging room nights increased 11% for both the fourth quarter and full year 2019.
For full year 2019, Net income and Adjusted EBITDA grew 39% and 8%, respectively.
Net cash provided by operating activities and free cash flow grew 40% and 46%, respectively for the full year 2019 to $2.8 billion and $1.6 billion, respectively.
From early December through early February, Expedia Group repurchased 5.8 million shares for $634 million. For full year 2019, Expedia Group repurchased 5.6 million shares for $683 million.

Financial Summary & Operating Metrics ($ millions except per share amounts) - Fourth Quarter 2019
 
Expedia Group (excluding trivago)(3)
Expedia Group, Inc.
Metric
Q4 2019
Q4 2018
Δ Y/Y
Q4 2019
Q4 2018
Δ Y/Y
Room night growth
11%
11%
(19) bps
11%
11%
(19) bps
Gross bookings
$23,245
$21,957
6%
$23,245
$21,957
6%
Revenue
2,630
2,439
8%
2,747
2,559
7%
Operating income
147
75
94%
160
96
65%
Net income attributable to Expedia Group
 
 
 
76
17
349%
Diluted earnings per share
 
 
 
$0.52
$0.11
363%
Adjusted EBITDA(2)
449
438
2%
478
471
1%
Adjusted net income(2)
174
180
(4)%
185
191
(3)%
Adjusted EPS(2)
$1.16
$1.18
(1)%
$1.24
$1.24
(1)%
Free cash flow(2)
 
 
 
45
(389)
NM

(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 15-22 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.
(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.


Page 1 of 23

The following information was filed by Expedia Group, Inc. (EXPE) on Thursday, February 13, 2020 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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