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Sep 30, 2020
Expedia Q3 2020 Earnings Report
Expedia Group's financial results were announced for Q3 2020, showing a significant impact from the ongoing pandemic but also improved financials due to increased travel and cost initiatives.
Key Takeaways
Expedia Group's Q3 2020 results reflect the impact of COVID-19 on travel demand, with a 58% decrease in revenue compared to Q3 2019. However, increased travel during the quarter and cost-saving measures led to improved financial results compared to the previous quarter. The company is focused on long-term strategic priorities, including driving efficiency and evolving tech and data platforms.
Travel demand was significantly impacted by the virus, but increased travel and cost initiatives improved financial results.
Vrbo experienced year-over-year growth in bookings, benefiting lodging bookings.
The company is focused on long-term strategic priorities, including driving efficiency and evolving tech and data platforms.
Expedia Group reached a multi-year agreement with Mastercard to improve payment transaction efficiency.
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
The travel industry and the world still face a prolonged and bumpy path to recovery, with increasing COVID-19 cases and uncertainty around vaccine and therapeutic timelines.
Challenges Ahead
- Prolonged and bumpy path to recovery for the travel industry.
- Increasing COVID-19 cases.
- Uncertainty around vaccine and therapeutic timelines.
Revenue & Expenses
Visualization of income flow from segment revenue to net income