Expedia Group Inc.
Expedia Group Announces Q1 2024 Earnings and Repurchases
Summary
Expedia Group, Inc. announced its first quarter 2024 financial results on May 2, 2024, reporting an 8% year-over-year revenue growth to $2.9 billion and an adjusted net income of $29 million. The company repurchased approximately 5.7 million shares for $786 million year-to-date. Despite a revenue beat, gross bookings were up only 3% to $30.2 billion, with Vrbo's recovery being slower than expected. Adjusted EBITDA increased by 38% to $255 million. The company also furnished its earnings release and financial statements as exhibits.
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Exhibits (1)
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About Expedia Group Inc.
Expedia Group Inc. is a leading global travel service company that empowers tourists and travelers to plan and book comprehensive travel experiences. The company's primary purpose is to facilitate travel arrangements through an extensive online platform, offering services such as airline tickets, hotel reservations, car rentals, and vacation packages. With a broad portfolio that includes brands like Expedia.com, Hotels.com, Vrbo, and Trivago, Expedia Group caters to diverse travel needs across leisure and business travel segments. It operates in various industries, impacting sectors such as travel and tourism, hospitality, and e-commerce. By leveraging cutting-edge technology, Expedia Group provides users with personalized recommendations and streamlined booking processes. With significant market presence and partnerships with travel suppliers worldwide, Expedia Group is a pivotal player in the travel industry, aiming to revolutionize how people experience travel by making it more accessible, efficient, and enjoyable.
Official SEC Documents
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