Expedia Q2 2021 Earnings Report
Key Takeaways
Expedia Group's Q2 2021 results showed substantial recovery with a 273% increase in revenue compared to Q2 2020. Gross bookings increased by 667%, driven by improvements in leisure travel trends. The company reported a net loss of $301 million, an improvement from the $753 million loss in the same period last year, and adjusted EBITDA was $201 million, a significant turnaround from the prior year's loss.
Gross bookings increased by 667% year-over-year, reaching $20.8 billion.
Revenue increased by 273% year-over-year, totaling $2.11 billion.
Net loss attributable to Expedia Group common stockholders improved by 60% year-over-year, with a loss of $301 million.
Adjusted EBITDA saw a significant improvement, reaching $201 million compared to a loss of $436 million in the prior year.
Expedia
Expedia
Expedia Revenue by Segment
Expedia Revenue by Geographic Location
Forward Guidance
The company expects continued strength into Q3, but the recent COVID-19 variant news creates uncertainty in the travel industry. The road to full travel recovery remains bumpy until more of the world is vaccinated.
Positive Outlook
- Continued improvement in many global travel segments
- North America showing particular strength
- Strong vacation rental performance
- Improved conventional lodging
- Sequential improvement in booking trends for lodging, air, and other travel products
Challenges Ahead
- Continued softness in international travel
- Continued softness in corporate travel
- Relatively high consumer interest in smaller markets
- Relatively high consumer interest in lower-end accommodations
- Recent Covid variant news around the world continues to create uncertainty in the travel industry
Revenue & Expenses
Visualization of income flow from segment revenue to net income