earnings
confidence high
sentiment positive
materiality 0.75
Expedia Q2 revenue $3.2B (+51% YoY); adjusted EBITDA $648M, record lodging bookings
Expedia Group, Inc.
2022-Q2 EPS reported
-$1.96
revenue$5,430,000,000
- Revenue $3.18B, up 51% YoY and 1% vs Q2 2019; highest Q2 revenue and adjusted EBITDA on record.
- GAAP net loss $185M ($1.17 diluted loss per share); adjusted net income $310M, adj. EPS $1.96.
- Room nights stayed up 40% YoY; lodging revenue up 57% driven by volume and higher ADR.
- Redeemed $1B in senior notes due 2023/2024; repaid over $2.9B net debt and preferred equity since May 2021.
- Free cash flow $1.5B, down 37% YoY on working capital; cash and equivalents $5.6B at June 30.