NASDAQ$EXPE

Expedia Group Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Expedia Group's Q3 2024 performance showed strength in room night growth and gross bookings, with revenue landing in-line with expectations and a CFO transition announced.

Expedia Group reported Q3 2024 results with booked room nights growing 9% and total gross bookings increasing 7% year-over-year. B2C gross bookings increased 3%, while B2B gross bookings rose 19%. Revenue grew 3% to $4.1 billion. The company announced a CFO transition, with Julie Whalen stepping down effective upon the appointment of her successor.

  • Booked room nights increased by 9% compared to the previous year, with Brand Expedia growing at mid-teens.
  • Total gross bookings grew by 7% compared to 2023, reaching $27.5 billion.
  • B2C gross bookings increased 3% year-over-year, accelerating from the prior quarter.
  • B2B gross bookings showed strong growth, increasing 19% year-over-year.

Headline financials

Total Revenue

$4.06B

Previous: $3.93B+3.3%
EPS

$5.04

Previous: $5.41-6.8%
Capital Expenditures

-$565M

Previous: -$669M+15.5%
Free Cash Flow

$119M

Previous: -$244M+148.8%
Net Income

$684M

Previous: $425M+60.9%
Operating Income

$762M

Previous: $607M+25.5%
Gross Profit

-$367M

Previous: -$447M+17.9%
Cash & Equivalents

$4.72B

Previous: $5.06B-6.6%
Total Assets

$23.4B

Previous: $22.5B+3.9%
R&D Expense

$320M

Previous: $340M-5.9%
Stock-Based Comp

$147M

Previous: $105M+40.0%

Revenue & EPS history

Expedia · Revenue · Quarterly

$4.06B

Q3 2024+3.3%vs Q3 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Expedia · $3.81B total across 2 segments · Q3 2023

  • B2C
    $2.82B+4.1%
  • B2B
    $995M+26.3%

Forward guidance

Expedia Group raised its 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 Q3 2024

Historical avgQ3 2024

+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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