NASDAQ$EXPE

Expedia Group Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Expedia's Q4 2022 performance was affected by severe weather, but underlying demand remained strong, with record app usage and member counts.

Expedia Group reported its most profitable year in 2022, despite business transformation friction. Q4 results were impacted by severe weather, but demand was strong and accelerating. The company begins 2023 with record app usage and member counts.

  • Record full year and fourth quarter lodging bookings and lodging revenue were achieved.
  • GAAP net income reached $352 million for the full year, a significant increase from the $269 million net loss in 2021.
  • Full year adjusted net income increased by over 300% compared to 2021, with a record Adjusted EBITDA of over $2.3 billion.
  • The company reduced debt by $2.2 billion during 2022, significantly reducing leverage.

Headline financials

Total Revenue

$2.62B

Previous: $2.28B+14.9%
EPS (adj)

$1.26

Previous: $1.06+18.9%
Booked Room Nights

70.8M

Previous: 59.7M+18.6%
Gross Bookings

$20.5B

Previous: $17.5B+17.5%
Capital Expenditures

$177M

Previous: $143M+23.8%
Free Cash Flow

-$359M

Previous: $142M-352.8%
Net Income

$177M

Previous: $386M-54.1%
Operating Income

$128M

Previous: $163M-21.5%
Gross Profit

$2.21B

Previous: $1.88B+17.1%
Cash & Equivalents

$4.1B

Previous: $4.11B-0.4%
Total Assets

$21.6B

Previous: $21.5B+0.1%
Stock-Based Comp

$94M

Previous: $99M-5.1%

Revenue & EPS history

Expedia · Revenue · Quarterly

$2.62B

Q4 2022+14.9%vs Q4 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Expedia · $2.55B total across 2 segments · Q4 2022

  • B2C
    $1.87B
  • B2B
    $676M

Forward guidance

Expedia Group did not provide specific financial guidance for future periods in this earnings report.

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 2022

Historical avgQ4 2022

+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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