Sep 30, 2022

Expedia Q3 2022 Earnings Report

Expedia Group's financial performance was strong, marked by record quarterly revenue and adjusted EBITDA, which exceeded $1 billion for the first time.

Key Takeaways

Expedia Group reported strong financial results for Q3 2022, with record quarterly revenue and adjusted EBITDA. Net income was up 33% compared to 2021.

Record quarterly revenue and third quarter lodging bookings were achieved.

Net income increased by 33% compared to 2021, and a record adjusted EBITDA was reached.

Free cash flow for the first nine months of 2022 was $3.1 billion, more than double 2019 levels.

Share buybacks were resumed, with 2 million shares repurchased through October for approximately $200 million.

Total Revenue
$3.62B
Previous year: $2.96B
+22.2%
EPS
$4.05
Previous year: $3.56
+13.8%
Gross Bookings
$24B
Previous year: $18.7B
+28.1%
Room nights
81.6M
Adjusted EBITDA
$1.08B
Gross Profit
$3.16B
Previous year: $2.52B
+25.6%
Cash and Equivalents
$4.59B
Previous year: $5.03B
-8.8%
Free Cash Flow
-$1.17B
Previous year: -$1.4B
-16.6%
Total Assets
$21.9B
Previous year: $21.9B
-0.3%

Expedia

Expedia

Expedia Revenue by Segment

Expedia Revenue by Geographic Location

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