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

Expedia Group, Inc.

CIK: 1324424 Ticker: EXPE
Exhibit 99.1
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Expedia Group Reports Third Quarter 2021 Results
SEATTLE, WA – November 4, 2021 – Expedia Group,
Inc. (NASDAQ: EXPE) announced financial results today for the third quarter ended September 30, 2021.

“Despite continued volatility in the travel recovery, Expedia Group’s net income and adjusted EBITDA for the quarter nearly matched our Q3 2019 levels driven by the superior performance from Vrbo and domestic travel along with improvements across virtually all lines of business. With early positive signs in Q4 and many countries announcing new openings to international travelers, we are feeling increasingly confident about a continued recovery,” said Peter Kern, Vice Chairman and CEO, Expedia Group. “We recently celebrated our 25th anniversary of forever changing travel. And as we come out of Covid, we are committed to once again charting an exciting new path for our customers, partners, and the entire travel ecosystem.”

Key Highlights
Expedia Group recently announced plans to unify its loyalty programs, consisting of more than 145 million members, into a single program spanning all global brands and products.
Expedia Group completed the sale of Egencia to American Express Global Business Travel ("GBT") on November 1. Expedia Group is a minority shareholder in the combined entity, which has a 10-year lodging supply agreement with Expedia Partner Solutions.
On October 15, Expedia Group completed the redemption of 100% of the outstanding shares of the Company’s Series A preferred stock issued in 2020.

Financial Summary & Operating Metrics ($ millions except per share amounts)(1)
Expedia Group, Inc.
MetricQ3 2021Q3 2020Δ Y/Y
Stayed room night growth59%(58)%NM
Gross bookings
$18,725$8,631117%
Revenue
2,9621,50497%
Operating income (loss)
524(113)NM
Net income (loss) attributable to Expedia Group common stockholders
362(221)NM
Diluted earnings (loss) per share
$2.26$(1.56)NM
Adjusted EBITDA(2)
855304181%
Adjusted net income (loss)(2)
553(31)NM
Adjusted EPS(2)
$3.53$(0.22)NM
Free cash flow(2)
(1,400)(995)41%

(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 11-19 herein for an explanation and reconciliation 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




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The following information was filed by Expedia Group, Inc. (EXPE) on Thursday, November 4, 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)
Earnings (Loss) Per Share (Tables)
Earnings (Loss) 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)
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 - 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: 0001324424-21-000093
Submitted to the SEC: Thu Nov 04 2021 5:43:32 PM EST
Accepted by the SEC: Fri Nov 05 2021
Period: Thursday, September 30, 2021
Industry: Transportation Services

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