Expedia Group Inc


SKU: EXPE-1 Category:


Expedia Group, Inc. delivered an all-around beat in the previous quarter, surpassing expectations with significant revenue and EBITDA despite challenges such as the Maui fires impacting the Vrbo business. Travel demand remained robust, particularly in North America and Europe, with notable growth in APAC and Latin America. While the hotel and Vrbo ADRs held steady, there was a slight overall decline in lodging ADRs due to mixed effects, and some modest price pressure was observed in the air and car sectors. Amid global challenges, the management closely monitored escalating violence in the Middle East, affecting travel in early October. However, they are optimistic about the completed Vrbo migration, marking the final stage of a multiyear transformation. This positions Expedia to accelerate future endeavors unhindered by the transformation’s past constraints. With a focus on innovation, Expedia’s team continues to leverage AI and ML capabilities to enhance the traveler experience. The recent launch of One Key, a unified loyalty program, has shown promising early results, with over 82 million members migrated and a 34% growth in new members over the past year. The B2B business is also on track for a strong year, with a 26% revenue growth in Q3. Additionally, the B2C business has gained momentum, with year-over-year revenue growth in Q3 accelerating over 400 basis points sequentially.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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