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Mar 31, 2021
Expedia Q1 2021 Earnings Report
Expedia Group's financial results were announced for the first quarter ended March 31, 2021.
Key Takeaways
Expedia Group reported a decrease in revenue by 44% and a net loss attributable to Expedia Group common stockholders of $606 million for Q1 2021. The company saw strong vacation rental growth and demand for domestic travel, while international and business travel remained challenged. Expedia Group is investing in technology and marketing to capitalize on the recovery in travel demand as vaccine rollouts continue.
Expedia Group received a binding offer from American Express Global Business Travel to acquire Egencia.
Expedia Group elected to pay off 50% of the preferred stock issued in 2020 during the second quarter of 2021.
Total gross bookings decreased 14%.
Total revenue decreased 44%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Expedia Group expects domestic and leisure demand to lead the recovery as the vaccine rollout continues. The company is focused on investing in its technology platform and marketing efforts to capitalize on the growing travel demand.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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