NASDAQ$EXPE

Expedia Group Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Expedia Group's net income and adjusted EBITDA nearly matched Q3 2019 levels, driven by Vrbo and domestic travel performance, along with improvements across all lines of business.

Expedia Group reported strong Q3 2021 results with net income and adjusted EBITDA nearly matching Q3 2019 levels. The company saw significant improvements across all lines of business, driven by Vrbo and domestic travel.

  • Expedia Group announced plans to unify its loyalty programs into a single program with more than 145 million members.
  • Expedia Group completed the sale of Egencia to American Express Global Business Travel on November 1 and is a minority shareholder in the combined entity.
  • Expedia Group completed the redemption of 100% of the outstanding shares of the Company’s Series A preferred stock issued in 2020 on October 15.
  • The company is feeling increasingly confident about a continued recovery with early positive signs in Q4 and many countries announcing new openings to international travelers.

Headline financials

Total Revenue

$2.96B

Previous: $1.5B+96.9%
EPS (adj)

$3.56

Previous: -$0.24+1583.3%
Gross Bookings

$18.7B

Previous: $8.63B+117.0%
Capital Expenditures

-$530M

Previous: -$669M+20.8%
Free Cash Flow

-$154M

Previous: -$861M+82.1%
Net Income

$376M

Previous: -$192M+295.8%
Operating Income

$524M

Previous: -$113M+563.7%
Gross Profit

-$463M

Previous: -$286M-61.9%
Cash & Equivalents

$5.03B

Previous: $4.35B+15.6%
Total Assets

$21.9B

Previous: $19.7B+11.5%
Stock-Based Comp

$116M

Previous: $47M+146.8%

Revenue & EPS history

Expedia · Revenue · Quarterly

$2.96B

Q3 2021+96.9%vs Q3 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Expedia · $2.84B total across 2 segments · Q3 2021

  • B2C
    $2.35B+88.7%
  • B2B
    $490M+141.4%

Forward guidance

Expedia Group is seeing early positive signs in Q4 and are increasingly confident about a continued recovery with many countries announcing new openings to international travelers.

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 2021

Historical avgQ3 2021

+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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