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Expedia Group, Inc. (EXPE) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, June 30, 2021

Expedia Group, Inc.

CIK: 1324424 Ticker: EXPE
Exhibit 99.1
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Expedia Group Reports Second Quarter 2021 Results
SEATTLE, WA – August 5, 2021 – Expedia Group,
Inc. (NASDAQ: EXPE) announced financial results today for the second quarter ended June 30, 2021.

“The second quarter saw continued improvement in many global travel segments with North America in particular showing strength. Expedia Group benefited from strong vacation rental performance and improved conventional lodging, offset by continued softness in international travel, corporate travel, and relatively high consumer interest in smaller markets and lower-end accommodations. While that strength has continued into Q3, recent Covid variant news around the world continues to create uncertainty in the travel industry,” said Vice Chairman and CEO, Peter Kern. “Unfortunately, the road to full travel recovery remains bumpy until more of the world is vaccinated. For our part, we just launched our Give the World a Shot program in partnership with UNICEF to help support global Covid-19 vaccine distribution. We invite other companies to join this effort so we can all get the world back on its feet again.”

Financial Summary & Operating Metrics ($ millions except per share amounts)(1)
Expedia Group, Inc.
MetricQ2 2021Q2 2020Δ Y/Y
Stayed room night growth196%(81)%NM
Gross bookings
$20,815$2,713667%
Revenue
2,111566273%
Operating income (loss)
(132)(849)(84)%
Net income (loss) attributable to Expedia Group common stockholders
(301)(753)(60)%
Diluted earnings (loss) per share
$(2.02)$(5.34)(62)%
Adjusted EBITDA(2)
201(436)NM
Adjusted net income (loss)(2)
(169)(577)(71)%
Adjusted EPS(2)
$(1.13)$(4.09)(72)%
Free cash flow(2)
2,331(2,052)NM

(1)All comparisons are against comparable period of 2020 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 10-16 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.

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, CarRentals.com™, Expedia® Cruises™, Traveldoo® and VacationRentals.com. 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. In May 2020, Expedia Group completed the sale of Bodybuilding.com. In October 2020, we completed the sale of SilverRail™, and in April 2021, we completed the sale of Classic Vacations®. All amounts shown are in U.S. dollars.

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The following information was filed by Expedia Group, Inc. (EXPE) on Thursday, August 5, 2021 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)
Basis Of Presentation
Basis Of Presentation (Tables)
Basis Of Presentation - Reclassifications (Details)
Capital Stock
Capital Stock (Tables)
Capital Stock - Accumulated Other Comprehensive Loss (Details)
Capital Stock - Additional Information (Details)
Capital Stock - Summary Of Dividends Declared (Details)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (Detail)
Debt
Debt (Tables)
Debt - Additional Information (Detail)
Debt - Long Term Debt Outstanding (Details)
Divestitures
Divestitures (Details)
Earnings (Loss) Per Share
Earnings (Loss) Per Share (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)
Income Taxes
Income Taxes - Additional Information (Detail)
Restructuring And Related Reorganization Charges
Restructuring And Related Reorganization Charges (Details)
Restructuring And Related Reorganization Charges (Tables)
Restructuring And Related Reorganization Charges - Summary Of The Restructuring And Related Reorganization Activity (Details)
Segment Information
Segment Information (Detail)
Segment Information (Tables)
Segment Information - Additional Information (Detail)
Segment Information - Revenue By Business Model And Service Type (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Accounts Receivable And Allowances (Details)
Summary Of Significant Accounting Policies - Cash, Cash Equivalents, And Restricted Cash (Details)
Summary Of Significant Accounting Policies - Revenue Recognition (Details)
Ticker: EXPE
CIK: 1324424
Form Type: 10-Q Quarterly Report
Accession Number: 0001324424-21-000070
Submitted to the SEC: Thu Aug 05 2021 5:38:38 PM EST
Accepted by the SEC: Fri Aug 06 2021
Period: Wednesday, June 30, 2021
Industry: Transportation Services

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