Expedia Q1 rev $2.9B (+8%), net loss $135M, cuts FY guidance to mid-high single-digit growth

Expedia Group, Inc.

2024-Q1 EPS reported -$0.99 revenue$2,889,000,000

Revenue $2.889B (+8% YoY); adjusted EBITDA $255M (+38%), margin expansion 191 bps.
Net loss $135M ($0.99 diluted loss); adjusted EPS $0.21.
Gross bookings $30.2B (+3%); lodging +4%, hotel +12%; Vrbo recovery slower.
FY2024 guidance cut to mid-to-high single-digit revenue growth; margins roughly in line.
Year-to-date share repurchases ~$786M (5.7M shares).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Expedia Group, Inc. reported first quarter ended March 31, 2024 results: revenue $2.9 billion, net income Net loss was $135 million, EPS $(0.99). Guidance lowered.

Period: first quarter ended March 31, 2024
Revenue: $2.9 billion
Net income: Net loss was $135 million
EPS: $(0.99)
Guidance: lowered
Result: reported results

Exact text from the filing

an increase of 3% compared to 2023. • Lodging gross bookings were $21.9 billion, an increase of 4% compared to 2023. Hotel bookings were up 12% compared to 2023. • Revenue at $2.9 billion grew 8% compared to 2023. B2B revenue was $833 million, an increase of 25% compared to 2023. • Net loss was $135 million and adjusted net income was $29 million. Adjusted EBITDA

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Source: SEC EDGAR

accession 0001324424-24-000024

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