Earnings release
Page 1
e group expedia 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 . Metric " 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 ) 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. Q2 2020 Q2 2021 196 % ( 81 ) % $ 20,815 $ 2,713 2,111 566 ( 132 ) ( 849 ) ( 301 ) ( 753 ) $ ( 2.02 ) $ ( 5.34 ) 201 ( 436 ) ( 577 ) $ ( 4.09 ) ( 2,052 ) ( 169 ) $ ( 1.13 ) 2,331 Exhibit 99.1 A Y / Y NM 667 % 273 % ( 84 ) % ( 60 ) % ( 62 ) % NM Page 1 of 17 ( 71 ) % ( 72 ) % 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 10-16 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 . 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 Discussion of Results The results for Expedia Group , Inc. ( " Expedia Group " or " the Company " ) include Brand Expedia® , Hotels.com® , Expedia® Partner Solutions , Vrbo® , Egencia® , trivago® , HomeAway® , Orbitz® , Travelocity® , Hotwire® , Wotif® , ebookers® , CheapTickets® , Expedia Group ™ Media Solutions , CarRentals.com ™ , Expedia® Cruises ™ , Traveldoo® and Vacation Rentals.com . Results include the related international points of sale for all brands and the immaterial impact of Bodybuilding.com since the Liberty Expedia Holdings , Inc. transaction on July 26 , 2019. In May 2020 , Expedia Group completed the sale of Bodybuilding.com . In October 2020 , we completed the sale of SilverRailTM , and in April 2021 , we completed the sale of Classic Vacations® . All amounts shown are in U.S. dollars .