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Mar 31, 2022
Expedia Q1 2022 Earnings Report
Expedia Group's Q1 2022 financial results were announced, demonstrating recovery in travel demand despite early impacts from Omicron and geopolitical tensions.
Key Takeaways
Expedia Group reported a significant increase in gross bookings and revenue for Q1 2022 compared to Q1 2021. Total gross bookings were $24.4 billion, up 58% year-over-year, and revenue was $2.249 billion, up 81% year-over-year. The company's adjusted EBITDA was $173 million.
Total gross bookings increased by 58% compared to Q1 2021, reaching $24.4 billion.
Revenue increased by 81% compared to Q1 2021, totaling $2.249 billion.
Adjusted EBITDA was $173 million, roughly flat versus the first quarter 2019, despite revenue being down 14%.
The company entered into a new $2.5 billion unsecured credit facility and completed the early redemption of its €650 million Senior Notes.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Expedia Group is closely monitoring macro indicators, including inflation and geopolitical tensions, but anticipates a strong recovery in leisure travel this summer. The company expects to deliver new product, marketplace, and platform innovation throughout the year.
Positive Outlook
- Positive indicators for a strong recovery in leisure travel this summer.
- City travel is coming back.
- Business travel is coming back.
- International travel is coming back.
- New product, marketplace, and platform innovation is expected.
Challenges Ahead
- The war in Ukraine did slow some of the recovery in Europe.
- Keeping an eye on various macro indicators including inflation.
- Ongoing geopolitical tensions are a concern.
- Early impact from Omicron leftover from late last year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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