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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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