NASDAQ$EXPE

Expedia Group Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Expedia Group's Q4 2019 earnings were released, revealing an 8% increase in revenue and a 65% increase in operating income.

Expedia Group reported an increase in revenue and operating income for Q4 2019. Total revenue increased by 7% and operating income increased by 65% for Expedia Group, Inc. Net income attributable to Expedia Group increased 349%.

  • Total stayed lodging room nights increased 11%.
  • Operating income increased 65%.
  • Revenue increased 7%.
  • Net income attributable to Expedia Group increased 349%.

Headline financials

Total Revenue

$2.75B

Previous: $2.56B+7.3%
EPS (adj)

$1.24

Previous: $1.24+0.0%
Booked Room Nights

91.6M

Previous: 82.8M+10.6%
Gross Bookings

$23.2B

Previous: $22B+5.9%
Adjusted EBITDA

$478M

Previous: $471M+1.5%
Capital Expenditures

$296M

Previous: $244M+21.3%
Free Cash Flow

$45M

Previous: -$389M+111.6%
Net Income

$78M

Previous: $17M+358.8%
Operating Income

$160M

Previous: $96M+66.7%
Gross Profit

$2.19B

Previous: $2.08B+5.0%
Cash & Equivalents

$3.32B

Previous: $2.44B+35.7%
Total Assets

$21.4B

Previous: $18B+18.8%
Stock-Based Comp

$66M

Previous: $49M+34.7%

Revenue & EPS history

Expedia · Revenue · Quarterly

$2.75B

Q4 2019+7.3%vs Q4 2018
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Expedia · $2.34B total across 2 segments · Q4 2019

  • B2C
    $2.18B+6.0%
  • B2B
    $159M+2.6%

Forward guidance

Expedia Group expects 2020 Adjusted EBITDA growth to be in the double-digits.

Tailwinds

  • Targeting $300-500 million of run-rate cost savings across our business.
  • Rapidly moved to simplify how we operate and increase efficiency.
  • Focusing the company on core operations.
  • Changes helped exceed the high-end of revised guidance range in 2019.
  • Changes will contribute to accelerated profit growth in underlying business in 2020.

Headwinds

  • Uncertainty on how much cost savings we’ll recognize this year.
  • Uncertainty on the full effect of Coronavirus.
  • Not providing a specific guidance range.
  • trivago Adjusted EBITDA grew 447% in 2019, which we believe to be a non-meaningful growth rate.
  • The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those described in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings.

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 Q4 2019

Historical avgQ4 2019

+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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