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Mar 31, 2023
Expedia Q1 2023 Earnings Report
Expedia Group's first quarter results showed strong travel demand and record lodging bookings, driven by increasing international travel and investments in technology.
Key Takeaways
Expedia Group reported strong Q1 2023 results, with gross bookings up 20% and record lodging gross bookings. Revenue increased by 18% to $2.7 billion. The company accelerated share repurchases, buying back $600 million year-to-date.
Total gross bookings increased by 20% compared to 2022, reaching $29.4 billion.
Lodging bookings hit record levels at $21.1 billion.
Revenue reached its highest ever first quarter at $2.7 billion, an 18% increase year-over-year.
B2B revenue grew by 55% compared to 2022, reaching $668 million.
Expedia
Expedia
Expedia Revenue by Segment
Expedia Revenue by Geographic Location
Revenue by Segment
B2C Revenue
CapyFin.comB2B Revenue
CapyFin.comRevenue by Geographic Location
U.S. points of sale Revenue
CapyFin.comNon-U.S. points of sale Revenue
CapyFin.com Forward Guidance
Expedia Group did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income