DOCSLIB.ORG

EXPEDIA GROUP, INC. (Exact Name of Registrant As Specified in Its Charter) Delaware 20-2705720 (State Or Other Jurisdiction of (I.R.S

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
EXPEDIA GROUP, INC. (Exact Name of Registrant As Specified in Its Charter) Delaware 20-2705720 (State Or Other Jurisdiction of (I.R.S Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March, 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37429 EXPEDIA GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 20-2705720 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 1111 Expedia Group Way W. Seattle, WA 98119 (Address of principal executive office) (Zip Code) (206) 481-7200 (Registrant’s telephone number, including area code) __________________________________ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒ Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common stock, $0.0001 par value EXPE The Nasdaq Global Select Market Expedia Group, Inc. 2.500% Senior Notes due 2022 EXPE22 New York Stock Exchange The number of shares outstanding of each of the registrant’s classes of common stock as of April 23, 2021 was: Common stock, $0.0001 par value per share 141,447,156 shares Class B common stock, $0.0001 par value per share 5,523,452 shares Table of Contents Expedia Group, Inc. Form 10-Q For the Quarter Ended March 31, 2021 Contents Part I Financial Information Item 1 Consolidated Financial Statements Consolidated Statements of Operations for the Three Months Ended March 31, 2021 and 2020 (unaudited) 2 Consolidated Statements of Comprehensive Income (Loss) for the Three Months Ended March 31, 2021 and 2020 (unaudited) 3 Consolidated Balance Sheets as of March 31, 2021 (unaudited) and December 31, 2020 4 Consolidated Statements of Stockholders Equity for the Three Months Ended March 31, 2021 and 2020 (unaudited) 5 Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2021 and 2020 (unaudited) 6 Notes to Consolidated Financial Statements (unaudited) 7 Item 2 Management’s Discussion and Analysis of Financial Condition and Results of Operations 23 Item 3 Quantitative and Qualitative Disclosures about Market Risk 39 Item 4 Controls and Procedures 40 Part II Other Information Item 1 Legal Proceedings 41 Item 1A Risk Factors 42 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 42 Item 6 Exhibits 43 Signature 44 Table of Contents Part I. Item 1. Consolidated Financial Statements EXPEDIA GROUP, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except share and per share data) (Unaudited) Three months ended March 31, 2021 2020 Revenue $ 1,246 $ 2,209 Costs and expenses: Cost of revenue (exclusive of depreciation and amortization shown separately below) (1) 311 629 Selling and marketing (1) 664 1,205 Technology and content (1) 247 315 General and administrative (1) 156 185 Depreciation and amortization 209 229 Impairment of goodwill — 765 Impairment of intangible assets — 121 Legal reserves, occupancy tax and other (1) (21) Restructuring and related reorganization changes 29 75 Operating loss (369) (1,294) Other income (expense): Interest income 2 10 Interest expense (98) (50) Loss on debt extinguishment (280) — Other, net (5) (145) Total other expense, net (381) (185) Loss before income taxes (750) (1,479) Provision for income taxes 169 82 Net loss (581) (1,397) Net loss attributable to non-controlling interests 3 96 Net loss attributable to Expedia Group, Inc. (578) (1,301) Preferred stock dividend (28) — Net loss attributable to Expedia Group, Inc. common stockholders $ (606) $ (1,301) Loss per share attributable to Expedia Group, Inc. available to common stockholders Basic $ (4.17) $ (9.24) Diluted (4.17) (9.24) Shares used in computing earnings (loss) per share (000's): Basic 145,181 140,823 Diluted 145,181 140,823 _______ (1) Includes stock-based compensation as follows: Cost of revenue $ 5 $ 3 Selling and marketing 17 12 Technology and content 27 20 General and administrative 34 20 See accompanying notes. 2 Table of Contents EXPEDIA GROUP, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (In millions) (Unaudited) Three months ended March 31, 2021 2020 Net loss $ (581) $ (1,397) Currency translation adjustments, net of tax(1) (37) (90) Comprehensive loss (618) (1,487) Less: Comprehensive loss attributable to non-controlling interests (19) (102) Less: Preferred stock dividend 28 — Comprehensive loss attributable to Expedia Group, Inc. common stockholders $ (627) $ (1,385) (1) Currency translation adjustments include tax expense of $9 million and $2 million associated with net investment hedges for the three months ended March 31, 2021 and 2020. See accompanying notes. 3 Table of Contents EXPEDIA GROUP, INC. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares, which are reflected in thousands, and par value) March 31, December 31, 2021 2020 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 4,291 $ 3,363 Restricted cash and cash equivalents 1,972 772 Short-term investments 23 24 Accounts receivable, net of allowance of $98 and $101 1,007 701 Income taxes receivable 392 120 Prepaid expenses and other current assets 1,151 654 Total current assets 8,836 5,634 Property and equipment, net 2,241 2,257 Operating lease right-of-use assets 498 574 Long-term investments and other assets 667 671 Deferred income taxes 782 659 Intangible assets, net 1,479 1,515 Goodwill 7,363 7,380 TOTAL ASSETS $ 21,866 $ 18,690 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable, merchant $ 727 $ 602 Accounts payable, other 565 496 Deferred merchant bookings 6,047 3,107 Deferred revenue 174 172 Income taxes payable 315 50 Accrued expenses and other current liabilities 946 979 Total current liabilities 8,774 5,406 Long-term debt 8,464 8,216 Deferred income taxes 23 67 Operating lease liabilities 439 513 Other long-term liabilities 456 462 Commitments and contingencies Series A Preferred Stock: $.001 par value, Authorized shares: 100,000; Shares issued and outstanding: 1,200 and 1,200 1,022 1,022 Stockholders’ equity: Common stock: $.0001 par value; Authorized shares: 1,600,000 — — Shares issued: 265,207 and 261,564; Shares outstanding: 141,342 and 138,074 Class B common stock: $.0001 par value; Authorized shares: 400,000 — — Shares issued: 12,800 and 12,800; Shares outstanding: 5,523 and 5,523 Additional paid-in capital 13,919 13,566 Treasury stock - Common stock and Class B, at cost; Shares 131,141 and 130,767 (10,152) (10,097) Retained earnings (deficit) (2,359) (1,781) Accumulated other comprehensive income (loss) (199) (178) Total Expedia Group, Inc. stockholders’ equity 1,209 1,510 Non-redeemable non-controlling interests 1,479 1,494 Total stockholders’ equity 2,688 3,004 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 21,866 $ 18,690 See accompanying notes. 4 Table of Contents EXPEDIA GROUP, INC. CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (In millions, except share and per share data) (Unaudited) Class B Treasury stock - Common Non- Three months ended March 31, 2020 Common stock common stock and Class B Accumulated redeemable Additional Retained other non- paid-in earnings comprehensive controlling Shares Amount Shares Amount capital Shares Amount (deficit) income (loss) interest Total Balance as of December 31, 2019 256,691,777 $ — 12,799,999 $ — $ 12,978 126,892,525 $ (9,673) $ 879 $ (217) $ 1,569 $ 5,536 Net income (loss) (1,301) (96) (1,397) Other comprehensive income (loss), net of taxes (84) (6) (90) Payment of dividends to common stockholders (declared at $0.34 per share) (48) (48) Proceeds from exercise of equity instruments and employee stock purchase plans 2,078,035 — 86 86 Treasury stock activity related to vesting of equity instruments 335,468 (40) (40) Common stock repurchases 3,364,119 (370) (370) Other changes in ownership of non-controlling interests 1 4 5 Stock-based compensation expense 59 59 Balance as of March 31, 2020 258,769,812 $ — 12,799,999 $ — $ 13,124
Load more

Recommended publications
  • El Sector Se Harta Del Incesante Maltrato Político BASTA Las Cadenas España Acoge Resisten Para Nuevos Modelos No Bajar Precios Hoteleros PÁGINAS 22-23 PÁGINA 36
    REVISTApreferente DE ANÁLISIS Y ESTRATEGIA TURÍSTICA AÑO XXVIII I No 333 I FEBRERO 2019 El Sector se harta del incesante maltrato político BASTA Las cadenas España acoge resisten para nuevos modelos no bajar precios hoteleros PÁGINAS 22-23 PÁGINA 36 Los emisores Expedia y Alibaba: españoles sacan distintos enfoques músculo de nuevo del toque humano PÁGINA 40 En España la primera industria no es asunto PÁGINA 92 de Estado mientras se tolera la turismofobia y hasta se menosprecia el ‘sol y playa’ ESPECIAL PÁGINAS 6-18 INFORME Los tres líderes ESPECIAL China: por qué de Cuba, aún más The Grand Reserve, el todo es diferente fuertes en la isla top de Meliá en el Caribe PÁGINAS 48-49 PÁGINAS 78-79 PÁGINAS 63-70 Renace a lo grande un icono de La Habana IBEROSTAR GRAND P ACKARD Descubra el nuevo hotel Iberostar Grand Packard, un enclave único en el corazón histórico de la ciudad con espectaculares vistas al Malecón y a la bahía. Sumérjase en la historia y los ritmos de Cuba desde este hotel gran lujo de la Habana Vieja. iberostar.com | +34 971 998 061 EDITORIAL habido algo de responsabilidad de los propios empresarios turísticos: divididos, Basta confundidos, sin liderazgo, incapaces de estructurar su mensaje, también tienen as perspectivas turísticas para 2019 no son buenas. A partir de esta afirmación parte de la culpa en este lamentable estado de cosas. Len la que todo el mundo estaría de acuerdo, el grado de preocupación varía Sin embargo, es evidente que esto no puede continuar así. El sector ha dicho según el operador con el que se hable.
    [Show full text]
  • Tourism Companies and Animal Welfare
    Athens Journal of Tourism - Volume 8, Issue 2, June 2021 – Pages 75-88 Tourism Companies and Animal Welfare By Peter Jones* & Daphne Comfort± Animals play an important role in a wide range of tourism activities, and animal welfare is an increasingly important issue within the tourist industry. While there is a growing volume of research on animal welfare within tourism, little work has been published in the academic literature on how tourism companies address animal welfare. This exploratory paper looks to add to, and extend, that literature by providing a review of how seven tourism companies. have publicly addressed animal welfare. The paper reveals that four themes: corporate commitment to animal welfare; policies on specific animals and on experiences and contacts with animals; the role of various stakeholders in the value chain in addressing animal welfare; and monitoring and audit processes, illustrated the companies approach to animal welfare. The authors also raise a number of wider issues and offers some suggestions for future research agendas. Keywords: animal welfare, animal welfare statements, tourism companies, stakeholders, auditing Introduction The screenshot of a western woman riding a horse at speed through a desert landscape is arguably the most striking features of an advertisement for tourism in Saudi Arabia which was shown on commercial television in the UK in 2021 (iSpot.tv. 2021). As such, the advertisement offered an exciting illustration of the role animals can play in a wide variety of tourism experiences. Fennel (2015a), for example, claimed ‘animals are used in so many different capacities to facilitate the needs of tourists and the tourism industry.
    [Show full text]
  • EXPEDIA GROUP, INC. (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): May 6, 2021 EXPEDIA GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 001-37429 20-2705720 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 1111 Expedia Group Way W. Seattle, Washington 98119 (Address of principal executive offices) (Zip code) (206) 481-7200 Registrant’s telephone number, including area code Not Applicable (Former name or former address if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common stock, $0.0001 par value EXPE The Nasdaq Global Select Market Expedia Group, Inc. 2.500% Senior Notes due 2022 EXPE22 New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
    [Show full text]
  • EXPEDIA GROUP, INC. (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): August 5, 2021 EXPEDIA GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 001-37429 20-2705720 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 1111 Expedia Group Way W. Seattle, Washington 98119 (Address of principal executive offices) (Zip code) (206) 481-7200 Registrant’s telephone number, including area code Not Applicable (Former name or former address if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common stock, $0.0001 par value EXPE The Nasdaq Global Select Market Expedia Group, Inc. 2.500% Senior Notes due 2022 EXPE22 New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
    [Show full text]
  • EXPEDIA GROUP, INC. (Exact Name of Registrant As Specified in Its Charter) Delaware 20-2705720 (State Or Other Jurisdiction of (I.R.S
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37429 EXPEDIA GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 20-2705720 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 1111 Expedia Group Way W. Seattle, WA 98119 (Address of principal executive office) (Zip Code) (206) 481-7200 (Registrant’s telephone number, including area code) __________________________________ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.
    [Show full text]
  • Sarawak Showcases Adventure
    VOL 44 • ISSUE 10 • 3-9 May 2021 NEWS FOR ASIA’S TRAVEL PLANNERS NEWS UPDATES at www.ttrweekly.com Sarawak showcases adventure Expedia joins PATA’s High testing costs Expedia offers a ranks could stall recovery helping hand 3-9 May 2021 Expedia joins PATA’s ranks Arguably the most ending December 2019, the world largest booking Expedia Local Expert, prominent travel booking the association’s revenue platforms with a stable of CarRentals.com, and conglomerate worldwide, from membership stood branded companies that it Expedia Cruises. Expedia signs up for a at USD1,591,309, but has acquired in a drive to “Working with leading Pacific Asia Travel Associa- that was before Covid-19 become the leading travel organizations like PATA tion membership. struck in early 2020. booking conglomerate. is crucial in helping us “As the Covid-19 Driven by the core belief achieve our mission of Expedia Group joins pandemic forces the world that travel is a force for powering global travel for the Pacific Asia Travel to adapt and evolve, good, they help people everyone, everywhere,” Association as its newest technological innovations experience the world in said Expedia Group Media corporate member, the association announced on Monday. It makes a welcome change for the global membership association headquartered in Bangkok to recruit a significant player when the Covid-19 crisis forces companies to reconsider non-essential expenses. Some long- standing PATA members closed shop last year or asked for a postponement will continue to be a key new ways and build lasting Solutions senior director on membership until driver in the recovery of connections.
    [Show full text]
  • Whole Course
    About This PDF This PDF file is a compilation of all of the Lesson Plan, Teacher Resource, and Student Resource Word documents that make up this NAF course. Please note that there are some course files that are not included here (such as Excel files). This “desk reference” enables you to easily browse these main course materials, as well as search for key terms. For teaching purposes, however, we recommend that you use the actual Word files. Unlike PDF files they are easy to edit, customize, and print selectively. Like all NAF curriculum materials, this PDF is for use only by NAF member academies. Please do not distribute it beyond your academy. AOHT Principles of Hospitality and Tourism Lesson 1 Course Introduction This introductory lesson exposes students to some of the key terms and areas of knowledge that they will be studying throughout this course. They also learn about the skills they will develop that are crucial to the field of hospitality and tourism. Students probe their personal conceptions about hospitality and tourism by judging the accuracy of a variety of statements. They acquire a sense of the course objectives by looking at examples of culminating projects created by previous students, who developed vacation packages for high school students. Students also set up two course tools: a general taxonomy of key terms in hospitality and tourism, and a notebook that they will use throughout the course. Advance Preparation Prior to the first class period, make sure you have an up-to-date video player such as Windows Media Player or Apple’s QuickTime Player to show the culminating project video to the class in this lesson and in Lesson 16.
    [Show full text]
  • Disclosure Number Disclosure Title Response Reference GRI
    Disclosure Disclosure Response Reference Number Title GRI 102: General Disclosures Organizational Profile 102-1 Name of the Expedia Group organization 102-2 Activities, Expedia Group, Inc. companies power travel for everyone, everywhere through our global platform. Driven by the brands, core belief that travel is a force for good, we help people experience the world in new ways and build lasting products, and connections. We provide industry-leading technology solutions to fuel partner growth and success, while facilitating services memorable experiences for travelers. The Expedia Group family of brands includes: Expedia®, Hotels.com®, Expedia® Partner Solutions, Vrbo®, Egencia®, trivago®, Orbitz®, Travelocity®, Hotwire®, Wotif®, ebookers®, CheapTickets®, Expedia Group™ Media Solutions, Expedia Local Expert®, CarRentals.com™, and Expedia Cruises™. 102-3 Location of 1111 Expedia Group Way W Seattle, WA 98119 headquarters 102-4 Location of Expedia Group operates globally, with offices in the United States, Canada, the United Kingdom, Germany, France, operations Italy, Switzerland, Australia, India, Brazil, Czech Republic, Ireland, Japan, Malaysia and Singapore. 102-5 Ownership and Publicly traded company legal form 102-6 Markets Expedia Group operates globally and serves millions of travelers around the world. served 102-7 Scale of the Expedia Group employs approximately 18,353individuals with $5.2 billion in revenue. We have a broad multi- organization product supply portfolio with over 2.9 million lodging properties available, including over 2 million online bookable alternative accommodations listings and approximately 880,000 hotels, over 500 airlines, packages, rental cars, cruises, insurance, as well as activities and experiences across 200 countries and territories. Travel suppliers distribute and market products via our desktop and mobile offerings, as well as through alternative distribution channels, our business partnerships and our call centers in order to reach our extensive global audience.
    [Show full text]
  • Expedia Group Annual Report 2021
    Expedia Group Annual Report 2021 Form 10-K (NASDAQ:EXPE) Published: February 12th, 2021 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________ Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-37429 _______________________________________________ EXPEDIA GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 20-2705720 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1111 Expedia Group Way W Seattle, WA 98119 (Address of principal executive office) (Zip Code) Registrant’s telephone number, including area code: (206) 481-7200 _______________________________________________ Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common stock, $0.0001 par value EXPE The Nasdaq Global Select Market Expedia Group, Inc. 2.500% Senior Notes due 2022 EXPE22 New York Stock Exchange Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes þ No ¨ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ¨ No þ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Accor and Expedia Group Join Forces to Expand UNESCO Sustainability Pledge Into 96 Countries
    3/13/2021 Accor and Expedia Group join forces to expand UNESCO sustainability pledge into 96 countries SEARCH... INDUSTRY UPDATE PRESS RELEASE 5 March 2021 Accor and Expedia Group join forces to expand UNESCO sustainability pledge into 96 countries 3,358 hotels join the drive to champion sustainable practices as environmental consciousness amongst travellers increases 4 min share this article Photo: Accor Expedia Group, the global travel platform and Accor, a world leading hospitality group, in conjunction with the United Nations Educational, Scientic and Cultural Organization (UNESCO), are joining forces to further extend the UNESCO Sustainable Tourism Pledge (hereinafter also "The Pledge"). This strategic tripartite agreement will see 3,358 global Accor hotels join together to promote environmental sustainability and sustainable tourism worldwide. The UNESCO Sustainable TourismWE USEPledge COOKIES promotes TO ENSURE responsible YOU GET THE practices, BEST community resilience and EXPERIENCE ON OUR WEBSITE × https://www.hospitalitynet.org/news/4103296.html 1/5 3/13/2021 Accor and Expedia Group join forces to expand UNESCO sustainability pledge into 96 countries heritage conservation, with the ultimate goal of changing the nature and impact of global tourism. SEARCH... Under The Pledge, parties commit to supporting the reduction and elimination of single-use plastics and promoting local economy and culture. The Pledge launched in October 2019 with the Tourism Authority of Thailand, UNESCO and Expedia Group. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. The expansion of The Pledge comes at a time when travellers' awareness of and demand for tourism sustainability practices continues to grow, with Millennials and GenZ taking the lead with heightened environmental consciousness.
    [Show full text]
  • Expedia Group Reports Second Quarter 2021 Results
    Exhibit 99.1 Expedia Group Reports Second Quarter 2021 Results SEATTLE, WA – August 5, 2021 – Expedia Group, Inc. (NASDAQ: EXPE) announced financial results today for the second quarter ended June 30, 2021. “The second quarter saw continued improvement in many global travel segments with North America in particular showing strength. Expedia Group benefited from strong vacation rental performance and improved conventional lodging, offset by continued softness in international travel, corporate travel, and relatively high consumer interest in smaller markets and lower-end accommodations. While that strength has continued into Q3, recent Covid variant news around the world continues to create uncertainty in the travel industry,” said Vice Chairman and CEO, Peter Kern. “Unfortunately, the road to full travel recovery remains bumpy until more of the world is vaccinated. For our part, we just launched our Give the World a Shot program in partnership with UNICEF to help support global Covid-19 vaccine distribution. We invite other companies to join this effort so we can all get the world back on its feet again.” Financial Summary & Operating Metrics ($ millions except per share amounts)(1) Expedia Group, Inc. Metric Q2 2021 Q2 2020 Δ Y/Y Stayed room night growth 196% (81)% NM Gross bookings $20,815 $2,713 667% Revenue 2,111 566 273% Operating income (loss) (132) (849) (84)% Net income (loss) attributable to Expedia Group common stockholders (301) (753) (60)% Diluted earnings (loss) per share $(2.02) $(5.34) (62)% Adjusted EBITDA(2) 201 (436) NM Adjusted net income (loss)(2) (169) (577) (71)% Adjusted EPS(2) $(1.13) $(4.09) (72)% Free cash flow(2) 2,331 (2,052) NM (1)All comparisons are against comparable period of 2020 unless otherwise noted.
    [Show full text]
  • Expedia Group, Inc. Form 10-Q Quarterly Report Filed 2021-05-07
    SECURITIES AND EXCHANGE COMMISSION FORM 10-Q Quarterly report pursuant to sections 13 or 15(d) Filing Date: 2021-05-07 | Period of Report: 2021-03-31 SEC Accession No. 0001324424-21-000044 (HTML Version on secdatabase.com) FILER Expedia Group, Inc. Mailing Address Business Address 1111 EXPEDIA GROUP WAY 1111 EXPEDIA GROUP WAY CIK:1324424| IRS No.: 202705720 | State of Incorp.:DE | Fiscal Year End: 1231 W. W. Type: 10-Q | Act: 34 | File No.: 001-37429 | Film No.: 21899214 SEATTLE WA 98119 SEATTLE WA 98119 SIC: 4700 Transportation services (206) 481-7200 Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March, 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37429 EXPEDIA GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 20-2705720 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 1111 Expedia Group Way W. Seattle, WA 98119 (Address of principal executive office) (Zip Code) (206) 481-7200 (Registrant’s telephone number, including area code) __________________________________ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]