NASDAQ$EXPE

Expedia Group Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Expedia Group reported record second quarter revenue, up 6%, with significant earnings growth and margin expansion.

Expedia Group announced record second quarter results with lodging gross bookings up 7% and revenue up 6%. The company saw significant earnings growth, margin expansion, and accelerated share repurchases.

  • Lodging gross bookings reached a record $19.2 billion.
  • Revenue reached a record $3.4 billion.
  • Net income was $385 million, compared to a net loss of $185 million in 2022.
  • Adjusted EBITDA was a record $747 million, an increase of 15%.

Headline financials

Total Revenue

$3.36B

Previous: $3.18B+5.6%
EPS (adj)

$2.89

Previous: $1.96+47.4%
Booked Room Nights

89.7M

Previous: 82.5M+8.7%
Gross Bookings

$27.3B

Previous: $26.1B+4.5%
Adjusted EBITDA

$747M

Previous: $648M+15.3%
Capital Expenditures

-$456M

Previous: -$315M-44.8%
Free Cash Flow

-$71M

Previous: -$500M+85.8%
Net Income

$385M

Previous: -$185M+308.1%
Operating Income

$443M

Previous: $345M+28.4%
Gross Profit

-$381M

Previous: -$494M+22.9%
Cash & Equivalents

$6.27B

Previous: $5.57B+12.7%
Total Assets

$25.7B

Previous: $24.7B+3.8%
Stock-Based Comp

$106M

Previous: $93M+14.0%

Revenue & EPS history

Expedia · Revenue · Quarterly

$3.36B

Q2 2023+5.6%vs Q2 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Expedia · $3.28B total across 2 segments · Q2 2023

  • B2C
    $2.42B-0.2%
  • B2B
    $861M+32.5%

Forward guidance

Expedia Group reiterates full-year guidance.

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 Q2 2023

Historical avgQ2 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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