NASDAQ$EXPE

Expedia Group Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Expedia Group's business was significantly reduced due to the COVID-19 pandemic, but cost-saving measures and additional capital were secured to navigate the disruption and position the business for recovery.

Expedia Group's Q1 2020 results were heavily impacted by the COVID-19 pandemic, with a 39% decrease in gross bookings and a 15% decrease in revenue. The company suffered an operating loss of $1.294 billion and a net loss attributable to Expedia Group of $1.301 billion. However, Expedia Group took actions to reduce costs and secured additional funding to strengthen its liquidity position.

  • Expedia Group handled 22 million customer contacts over a ten-week period due to COVID-19, more than double the typical average.
  • Self-service options and automation capabilities were rapidly developed to manage unprecedented cancellation volumes.
  • The company secured $3.95 billion in additional funding to strengthen its liquidity position.
  • Expedia Group implemented incremental cost reduction actions, including reduced marketing spend and deferred capital expenditures.

Headline financials

Total Revenue

$2.21B

Previous: $2.61B-15.3%
EPS (adj)

-$1.83

Previous: -$0.27-577.8%
Booked Room Nights

69.4M

Previous: 80.8M-14.1%
Gross Bookings

$17.9B

Previous: $29.4B-39.2%
Adjusted EBITDA

-$76M

Previous: $176M-143.2%
Capital Expenditures

-$287M

Previous: -$274M-4.7%
Free Cash Flow

-$1.59B

Previous: -$377M-321.2%
Net Income

-$1.3B

Previous: -$103M-1163.1%
Operating Income

-$1.29B

Previous: -$131M-887.8%
Gross Profit

-$610M

Previous: $2.1B-129.1%
Cash & Equivalents

$3.91B

Previous: $3.71B+5.3%
Total Assets

$20.4B

Previous: $21B-2.6%
Stock-Based Comp

$55M

Previous: $56M-1.8%

Revenue & EPS history

Expedia · Revenue · Quarterly

$2.21B

Q1 2020-15.3%vs Q1 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Expedia · $2.07B total across 2 segments · Q1 2020

  • B2C
    $1.58B-16.8%
  • B2B
    $485M-12.8%

Forward guidance

Expedia Group did not provide specific financial guidance for future periods due to the uncertainty surrounding the COVID-19 pandemic.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.9%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+0.0%

Avg return

30 days after

57%

39 / 68 earnings

Positive

+24.7%

Q1 2012

Best reaction

-27.2%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-14.6%-9.4%
Q4 2025-6.4%-10.3%+0.5%
Q3 2025+17.4%+24.6%+19.9%
Q1 2025-7.4%+0.1%+4.5%
Q4 2024+17.3%+17.4%+6.8%
Q3 2024+5.2%+5.9%+11.0%
Q2 2024+14.8%+15.3%+16.8%
Q1 2024-13.4%-15.2%-15.2%
Q4 2023-15.1%-12.7%-12.0%
Q3 2023+20.8%+26.6%+49.4%
Q2 2023-12.6%-6.9%-7.1%
Q1 2023+3.3%+3.0%+14.0%
Q4 2022-9.7%-3.5%-17.5%
Q3 2022+2.5%-0.7%+14.8%
Q2 2022-3.0%-1.9%-3.4%
Q1 2022-14.0%-24.3%-27.8%
Q4 2021-2.5%+7.6%-9.0%
Q3 2021+12.3%+15.9%-4.1%
Q2 2021-2.8%-3.0%-6.9%
Q1 2021+1.5%+0.9%+0.3%
Q4 2020-1.6%-0.7%+17.3%
Q3 2020+4.4%+30.2%+30.1%
Q2 2020-5.1%-6.5%+18.2%
Q1 2020+0.9%+2.1%+7.5%
Q4 2019+10.7%+9.1%-37.3%
Q3 2019-27.2%-26.6%-20.3%
Q2 2019+1.2%-1.9%-7.5%
Q1 2019-1.3%-4.6%-10.7%
Q4 2018+2.3%-1.0%-5.1%
Q3 2018+5.5%+9.0%-0.9%
Q2 2018+8.0%+4.9%+2.1%
Q1 2018+6.1%+4.7%+8.7%
Q4 2017-19.6%-21.3%-13.2%
Q3 2017-16.3%-15.7%-14.3%
Q2 2017+1.6%-2.7%-4.9%
Q1 2017-1.5%+2.4%+6.5%
Q4 2016-0.2%-2.6%+2.4%
Q3 2016+4.9%+0.4%+1.4%
Q2 2016-0.5%-3.1%-5.0%
Q1 2016+7.4%
Q4 2015+11.6%
Q3 2015+8.3%
Q2 2015+13.6%
Q1 2015+5.6%
Q4 2014-11.4%
Q3 2014+6.8%
Q2 2014+3.4%
Q1 2014+0.2%
Q4 2013+16.5%
Q3 2013+16.4%
Q2 2013-26.0%
Q1 2013-8.8%
Q4 2012+0.8%
Q3 2012+13.0%
Q2 2012+24.1%
Q1 2012+24.7%
Q2 2011+0.7%
Q4 2011+0.7%
Q3 2011-0.5%
Q1 2011+2.8%
Q1 2010+2.8%
Q2 2010-15.6%
Q4 2008-15.6%
Q4 2010-15.6%
Q3 2009-2.1%
Q3 2010-2.1%
Q4 2009+8.1%
Q2 2009+8.1%

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