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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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