NASDAQ$EXPE

Expedia Group Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Expedia faced significant negative impacts from COVID-19, with Q4 showing limited sequential progress despite vaccine approvals and holiday improvements.

Expedia Group's Q4 2020 results were significantly impacted by the COVID-19 pandemic, with a 67% decrease in revenue compared to Q4 2019. The company saw a slight moderation in gross booking declines in December but overall faced challenges due to rising cases and travel market shutdowns. Despite the difficulties, Expedia remains focused on reshaping and simplifying its business.

  • Room night growth decreased by 61% year-over-year.
  • Gross bookings declined by 67% to $7.567 billion.
  • Revenue decreased by 67% to $920 million.
  • Adjusted EBITDA was $(160) million, a significant decrease from $478 million in Q4 2019.

Headline financials

Total Revenue

$920M

Previous: $2.75B-66.5%
EPS (adj)

-$2.64

Previous: $1.24-312.9%
Booked Room Nights

-61

Previous: 91.6M-100.0%
Gross Bookings

$7.57B

Previous: $23.2B-67.4%
Adjusted EBITDA

-$160M

Previous: $478M-133.5%
Capital Expenditures

$128M

Previous: $296M-56.8%
Free Cash Flow

-$513M

Previous: $45M-1240.0%
Net Income

-$412M

Previous: $78M-628.2%
Operating Income

-$463M

Previous: $160M-389.4%
Gross Profit

$633M

Previous: $2.19B-71.1%
Cash & Equivalents

$3.36B

Previous: $3.32B+1.4%
Total Assets

$18.7B

Previous: $21.4B-12.7%
Stock-Based Comp

$49M

Previous: $66M-25.8%

Revenue & EPS history

Expedia · Revenue · Quarterly

$920M

Q4 2020-66.5%vs Q4 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Expedia · $888M total across 2 segments · Q4 2020

  • B2C
    $702M-67.8%
  • B2B
    $186M+17.0%

Forward guidance

No forward guidance was provided in the press release.

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 2020

Historical avgQ4 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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