NASDAQ$EXPE

Expedia Group Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Expedia Group's first quarter results showed strong travel demand and record lodging bookings, driven by increasing international travel and investments in technology.

Expedia Group reported strong Q1 2023 results, with gross bookings up 20% and record lodging gross bookings. Revenue increased by 18% to $2.7 billion. The company accelerated share repurchases, buying back $600 million year-to-date.

  • Total gross bookings increased by 20% compared to 2022, reaching $29.4 billion.
  • Lodging bookings hit record levels at $21.1 billion.
  • Revenue reached its highest ever first quarter at $2.7 billion, an 18% increase year-over-year.
  • B2B revenue grew by 55% compared to 2022, reaching $668 million.

Headline financials

Total Revenue

$2.67B

Previous: $2.25B+18.5%
EPS (adj)

-$0.20

Previous: -$0.47+57.4%
Booked Room Nights

94.5M

Previous: 56.5M+67.3%
Gross Bookings

$29.4B

Previous: $24.4B+20.4%
Adjusted EBITDA

$185M

Previous: $173M+6.9%
Capital Expenditures

-$233M

Previous: -$156M-49.4%
Free Cash Flow

-$378M

Previous: -$278M-36.0%
Net Income

-$145M

Previous: -$122M-18.9%
Operating Income

-$121M

Previous: -$135M+10.4%
Gross Profit

-$402M

Previous: -$403M+0.2%
Cash & Equivalents

$5.9B

Previous: $5.55B+6.3%
Total Assets

$25B

Previous: $24.6B+1.7%
Stock-Based Comp

$103M

Previous: $90M+14.4%

Revenue & EPS history

Expedia · Revenue · Quarterly

$2.67B

Q1 2023+18.5%vs Q1 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Expedia · $2.59B total across 2 segments · Q1 2023

  • B2C
    $1.92B+10.4%
  • B2B
    $668M+54.6%

Forward guidance

Expedia Group did not provide specific forward guidance in this earnings report.

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 2023

Historical avgQ1 2023

+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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