NASDAQ$EXPE

Expedia Group Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Expedia Group's financial results were announced for Q3 2020, showing a significant impact from the ongoing pandemic but also improved financials due to increased travel and cost initiatives.

Expedia Group's Q3 2020 results reflect the impact of COVID-19 on travel demand, with a 58% decrease in revenue compared to Q3 2019. However, increased travel during the quarter and cost-saving measures led to improved financial results compared to the previous quarter. The company is focused on long-term strategic priorities, including driving efficiency and evolving tech and data platforms.

  • Travel demand was significantly impacted by the virus, but increased travel and cost initiatives improved financial results.
  • Vrbo experienced year-over-year growth in bookings, benefiting lodging bookings.
  • The company is focused on long-term strategic priorities, including driving efficiency and evolving tech and data platforms.
  • Expedia Group reached a multi-year agreement with Mastercard to improve payment transaction efficiency.

Headline financials

Total Revenue

$1.5B

Previous: $3.56B-57.7%
EPS (adj)

-$0.24

Previous: $3.37-107.1%
Booked Room Nights

48.8M

Previous: 116.5M-58.1%
Gross Bookings

$8.63B

Previous: $26.9B-67.9%
Adjusted EBITDA

$304M

Previous: $912M-66.7%
Capital Expenditures

-$669M

Previous: -$864M+22.6%
Free Cash Flow

-$861M

Previous: -$455M-89.2%
Net Income

-$192M

Previous: $409M-146.9%
Operating Income

-$113M

Previous: $609M-118.6%
Gross Profit

-$286M

Previous: $2.99B-109.6%
Cash & Equivalents

$4.35B

Previous: $3.8B+14.6%
Total Assets

$19.7B

Previous: $21.4B-8.0%
Stock-Based Comp

$47M

Previous: $60M-21.7%

Revenue & EPS history

Expedia · Revenue · Quarterly

$1.5B

Q3 2020-57.7%vs Q3 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Expedia · $1.45B total across 2 segments · Q3 2020

  • B2C
    $1.25B-52.3%
  • B2B
    $203M-72.2%

Forward guidance

The travel industry and the world still face a prolonged and bumpy path to recovery, with increasing COVID-19 cases and uncertainty around vaccine and therapeutic timelines.

Headwinds

  • Prolonged and bumpy path to recovery for the travel industry.
  • Increasing COVID-19 cases.
  • Uncertainty around vaccine and therapeutic timelines.

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 Q3 2020

Historical avgQ3 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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