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e expedia Expedia Group Reports First Quarter 2021 Results SEATTLE , WA - May 6 , 2021 – Expedia Group , Inc. ( NASDAQ : EXPE ) announced financial results today for the first quarter ended March 31 , 2021 . " Travel remains a study in contrasts - with strong vacation rental growth and demand for domestic travel continuing to drive us forward , while demand for international and business travel and conventional lodging remain challenged . Beach and outdoor destinations have shown robust rebounds while major cities remain muted , and some regions have been growing while others remain locked down . As the vaccine rollout continues , we expect to see a now familiar story play out ; domestic and leisure demand lead the recovery . However , as the dire situation in India reminds us , in some markets , things may get worse before they get better , " said Vice Chairman and CEO , Peter Kern . " For our part , we continue to invest in bolstering our technology platform and in marketing where we can best get ahead of the demand curve . Because the market has clearly shown that when people feel safe to travel , demand comes roaring back . " Key Highlights Expedia Group received a binding offer from American Express Global Business Travel to acquire Egencia ; The potential deal includes Expedia Group receiving approximately 14 % of the combined entity along with a 10 year lodging supply agreement with Expedia Partner Solutions . Given the positive ongoing trends within the business and confidence in the current liquidity position , Expedia Group has elected to pay off 50 % of the preferred stock issued in 2020 during the second quarter of 2021 . Financial Summary & Operating Metrics ( $ millions except per share amounts ) ( ¹ ) ● Metric Stayed room night growth Gross bookings Revenue Operating income ( loss ) Net income ( loss ) attributable to Expedia Group common stockholders Diluted earnings ( loss ) per share Adjusted EBITDA ( ² ) Adjusted net income ( loss ) ( 2 ) Adjusted EPS ( 2 ) Free cash flow ( 2 ) Expedia Group , Inc. Q1 2020 Q1 2021 ( 47 ) % ( 14 ) % $ 15,422 $ 17,885 1,246 2,209 ( 369 ) ( 1,294 ) ( 606 ) ( 1,301 ) $ ( 4.17 ) $ ( 9.24 ) ( 58 ) ( 76 ) ( 294 ) ( 258 ) $ ( 2.02 ) $ ( 1.83 ) 2,002 ( 1,071 ) AY / Y NM ( 14 ) % ( 44 ) % ( 72 ) % ( 53 ) % ( 55 ) % ( 24 ) % 14 % 11 % NM ( 1 ) All comparisons are against comparable period of 2020 unless otherwise noted . ( 2 ) " Adjusted EBITDA " ( Adjusted Earnings Before Interest , Taxes , Depreciation and Amortization ) , " Adjusted net income ( loss ) , " " Adjusted EPS " and " Free cash flow " are non - GAAP measures as defined by the Securities and Exchange Commission ( the " SEC " ) . See " Definitions of Non - GAAP Measures " and " Tabular Reconciliations for Non - GAAP Measures " on pages 11-17 herein for an explanation and reconciliations of non - GAAP measures used throughout this release . Expedia Group does not calculate or report net income by segment . Page 1 of 18 Please refer to the " Glossary of Business Terms , " located in the Quarterly Results section on Expedia Group's investor relations website , for business and financial statement definitions used throughout this release .