Core Insights - Expedia Group has launched several new AI-powered products and features aimed at enhancing customer travel experiences, including an AI-based travel assistant named Romie [1] - The company introduced Travel Shops, a new storefront for sharing travel recommendations, and a travel media network to leverage first-party data for targeted advertising [2] - Partnerships with Afterpay and Philippine Airlines have strengthened Expedia's booking and planning portfolio, enhancing customer flexibility and access to travel services [3] Market Opportunities - The global travel and tourism market is projected to reach $927.3 billion in 2024 and $1.06 trillion by 2028, with a CAGR of 3.5% [4] - The online travel booking market is expected to grow to $1.18 trillion by 2030, with a CAGR of 9.7% from 2024 to 2030 [4] - The Zacks Consensus Estimate for Expedia's 2024 revenues is $11.86 billion, reflecting a year-over-year growth of 22.4% [4] Competitive Landscape - Expedia Group aims to strengthen its competitive position against peers like TripAdvisor, Airbnb, and Booking Holdings, all of which are also enhancing their offerings in the travel market [6] - Competitors are launching their own AI-powered features, such as TripAdvisor's itinerary generator and Booking Holdings' generative AI enhancements [7][8]

In an effort to get ahead of its competitors in the travel ecosystem, online travel agency Expedia said it will soon launch an AI assistant to bolster features like search, itinerary building, trip planning, and real-time updates like flight delays.The company, which runs a variety of online travel aggregators and metasearch engines, is debuting a bot named Romie that’s been trained on a mix of in-house and OpenAI models. The bot can help users search for hotels, build itineraries for their trips and make s ...

Expedia (EXPE) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this online travel company have returned -13.5%, compared to the Zacks S&P 500 composite's +1.3% change. During this period, the Zacks Internet - Commerce industry, which Expedia falls in, has gained 3.3%. The key question now is: What could be the stock's future direction?Although media repor ...

SEATTLE--(BUSINESS WIRE)--Expedia Group (NASDAQ: EXPE) will livestream the general session of EXPLORE 24, on May 14, 2024, at 10:30 a.m. PT. EXPLORE 24 is Expedia Group’s annual partner event where the Company will share new innovations focused on improving the complete travel experience for travelers and partners everywhere.The live webcast will be available here.The Zoom video of the general session will be posted to Expedia’s YouTube channel https://www.youtube.com/@ExpediaInc. ...

SEATTLE--(BUSINESS WIRE)--Expedia Group (NASDAQ: EXPE) will livestream the general session of EXPLORE 24, on May 14, 2024, at 10:30 a.m. PT. EXPLORE 24 is Expedia Group’s annual partner event where the Company will share new innovations focused on improving the complete travel experience for travelers and partners everywhere. The live webcast will be available here. The Zoom video of the general session will be posted to Expedia’s YouTube channel https://www.youtube.com/@ExpediaInc. ...

Financial Data and Key Metrics Changes - Total gross bookings reached $30.2 billion, up 3% year-over-year, driven primarily by lodging gross bookings which grew 4% [11] - Revenue increased to $2.9 billion, reflecting an 8% growth compared to last year, supported by higher revenue margins and increased advertising revenue [11][12] - EBITDA for Q1 was $255 million, up 38% year-over-year, with an EBITDA margin of 8.8%, expanding over 190 basis points [14] - Free cash flow for the quarter was $2.7 billion, although year-over-year decline was noted due to timing changes within working capital [16] Business Line Data and Key Metrics Changes - The hotel business saw a significant growth of 12%, while Vrbo continued to experience softness, impacting overall performance [11][12] - B2B business grew by 25%, contributing positively to the overall gross bookings despite challenges in the B2C segment [12][18] - Direct sales and marketing expenses increased by 11% year-over-year, primarily due to commissions paid to B2B partners [12] Market Data and Key Metrics Changes - North America remains the slowest growing geography, but the gap is closing as the market normalizes post-pandemic [7][8] - The company anticipates mid to high single-digit top-line growth for the full year, reflecting a cautious outlook based on current trends [9][18] Company Strategy and Development Direction - The company is focusing on optimizing its consumer business by driving traffic, increasing conversion rates, and expanding margins through efficient marketing [22][24] - Investments will continue in Vrbo and international growth markets to reignite growth trajectories [9][10] - The leadership transition aims to sharpen the long-term strategy for the consumer business while leveraging strengths in B2B and advertising [21][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improving product performance and the potential for future growth despite current challenges [10][18] - The company is committed to long-term transformation and believes that investments made will eventually yield positive results [20][24] - Management acknowledged the slower-than-expected recovery in Vrbo and indicated a need for continued investment to regain momentum [9][30] Other Important Information - The company ended the quarter with strong liquidity of $8.2 billion and a gross leverage ratio of 2.3 times, progressing towards a target of 2 times [16] - Share repurchases totaled over $780 million year-to-date, reflecting confidence in the stock's long-term performance [17] Q&A Session Summary Question: How does the company view Vrbo in the competitive landscape? - Management emphasized a strong core business for Vrbo, focusing on whole home rentals and improving product offerings to regain market share [28][30] Question: Is the cautious outlook for the full year due to Vrbo specifically? - Management clarified that while Vrbo has faced challenges, there are positive trends in the non-Vrbo B2C business, indicating overall share gains in the hotel segment [34][35] Question: What led to the decision to pivot towards pricing investments? - The company identified opportunities for better returns through pricing adjustments rather than increased marketing spend, aiming to drive customer acquisition more efficiently [38][39] Question: What is the current status of the One Key loyalty program? - The One Key program has seen a 40% year-on-year increase in new memberships, with positive cross-shopping results indicating its effectiveness [52] Question: How does the company plan to address the performance of Hotels.com? - Management acknowledged the brand's struggles post-migration but expressed optimism about future growth as international markets are revisited [47][48] Question: What are the expectations for B2B growth in the long term? - While specific projections were not provided, management remains optimistic about the B2B segment's potential due to its diverse partnerships and market opportunities [76]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37429 EXPEDIA GROUP, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpo ...

Expedia Group Reports First Quarter 2024 Results Posts strong first quarter revenue and profitability Revenue grew 8% y/y with margin expansion Accelerated level of share repurchases at $786 million year-to-date SEATTLE, WA – May 2, 2024 – Expedia Group, Inc. (NASDAQ: EXPE) announced financial results today for the first quarter ended March 31, 2024. "Our first quarter results met our guidance with a revenue and earnings beat but with less robust gross bookings. We saw continued momentum in B2B, Brand Exped ...

Expedia Group, Inc. (EXPE) is scheduled to report its first-quarter 2024 results on May 2.For the to-be-reported quarter, the Zacks Consensus Estimate for revenues is pegged at $2.80 billion, suggesting growth of 5.2% from the year-ago quarter’s reported figure.Further, the consensus mark for loss is pegged at 37 cents per share, suggesting a decline of 85% from the figure reported in the year-ago quarter.Let’s see how things have shaped up for the upcoming announcement.Key Factors to NoteExpedia’s first-qu ...

rvlsoft/iStock Editorial via Getty ImagesThe old adage is still true: the best time to buy is when others are fearful. While the markets continue to vacillate between gains and losses driven by escalating Middle East tensions and interest rate speculation, it’s also a great time to start migrating cash into equity positions that are well placed for a rebound. Expedia (NASDAQ:EXPE) is a great choice here. The travel booking site has been decimated by a 15% loss this year, but is well positioned to reboun ...