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Expedia
🇺🇸 NASDAQ:EXPE
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Sep 30, 2023

Expedia Q3 2023 Earnings Report

Expedia Group reported record revenue and profitability, exceeding guidance due to resilient travel demand and strategic improvements. The B2B business showed strong revenue growth, and B2C revenue growth accelerated. The new unified loyalty program, One Key, demonstrated positive early results after its US launch in July.

Key Takeaways

Expedia Group announced strong Q3 2023 results, with record revenue of $3.9 billion and record adjusted EBITDA of $1.2 billion. The company reiterated its full-year guidance of double-digit topline growth with margin expansion and announced a new $5 billion share repurchase authorization.

Lodging gross bookings grew 8% compared to 2022, reaching record levels for any third quarter.

Revenue increased by 9% compared to 2022, achieving a record for any quarter, with B2B revenue growing by 26%.

Net income was $425 million, while adjusted net income reached a record $778 million.

Adjusted EBITDA increased by 13%, with 110 basis points of margin expansion compared to 2022.

Total Revenue
$3.93B
Previous year: $3.62B
+8.6%
EPS
$5.41
Previous year: $4.05
+33.6%
Booked Room Nights
89.3M
Previous year: 81.6M
+9.4%
Gross Bookings
$25.7B
Previous year: $24B
+7.1%
Adjusted EBITDA
$1.22B
Previous year: $1.08B
+12.7%
Gross Profit
$3.52B
Previous year: $3.16B
+11.2%
Cash and Equivalents
$6.49B
Previous year: $4.59B
+41.5%
Free Cash Flow
-$1.59B
Previous year: -$1.17B
+36.1%
Total Assets
$22.5B
Previous year: $21.9B
+2.9%

Expedia

Expedia

Expedia Revenue by Segment

Expedia Revenue by Geographic Location

Forward Guidance

Expedia Group reiterated its full year guidance of double-digit topline growth with margin expansion.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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