Expedia Group Reports Third Quarter 2021 Results

About this update from Expedia Group, Inc.

[{"type":"text","content":" SEATTLE--(BUSINESS WIRE)--\nExpedia Group, Inc. (NASDAQ: EXPE) announced financial results today for the third quarter ended September 30, 2021.\n\n“Despite continued volatility in the travel recovery, Expedia Group’s net income and adjusted EBITDA for the quarter nearly matched our Q3 2019 levels driven by the superior performance from Vrbo and domestic travel along with improvements across virtually all lines of business. With early positive signs in Q4 and many countries announcing new openings to international travelers, we are feeling increasingly confident about a continued recovery,” said Peter Kern, Vice Chairman and CEO, Expedia Group. “We recently celebrated our 25th anniversary of forever changing travel. And as we come out of Covid, we are committed to once again charting an exciting new path for our customers, partners, and the entire travel ecosystem.”\n\nKey Highlights\n\n\nExpedia Group recently announced plans to unify its loyalty programs, consisting of more than 145 million members, into a single program spanning all global brands and products.\n\n\nExpedia Group completed the sale of Egencia to American Express Global Business Travel (\"GBT\") on November 1. Expedia Group is a minority shareholder in the combined entity, which has a 10-year lodging supply agreement with Expedia Partner Solutions.\n\n\nOn October 15, Expedia Group completed the redemption of 100% of the outstanding shares of the Company’s Series A preferred stock issued in 2020.\n\n\nFinancial Summary & Operating Metrics ($ millions except per share amounts)(1)\n\n\n\n \n\n\n\nExpedia Group, Inc.\n\n\n\n\n\nMetric\n\n\n\nQ3 2021\n\n\n\nQ3 2020\n\n\n\nΔ Y/Y\n\n\n\n\n\nStayed room night growth\n\n\n\n59%\n\n\n\n(58)%\n\n\n\nNM\n\n\n\n\n\nGross bookings\n\n\n\n$18,725\n\n\n\n$8,631\n\n\n\n117%\n\n\n\n\n\nRevenue\n\n\n\n2,962\n\n\n\n1,504\n\n\n\n97%\n\n\n\n\n\nOperating income (loss)\n\n\n\n524\n\n\n\n(113)\n\n\n\nNM\n\n\n\n\n\nNet income (loss) attributable to Expedia Group common stockholders\n\n\n\n362\n\n\n\n(221)\n\n\n\nNM\n\n\n\n\n\nDiluted earnings (loss) per share\n\n\n\n$2.26\n\n\n\n$(1.56)\n\n\n\nNM\n\n\n\n\n\nAdjusted EBITDA(2)\n\n\n\n855\n\n\n\n304\n\n\n\n181%\n\n\n\n\n\nAdjusted net income (loss)(2)\n\n\n\n553\n\n\n\n(31)\n\n\n\nNM\n\n\n\n\n\nAdjusted EPS(2)\n\n\n\n$3.53\n\n\n\n$(0.22)\n\n\n\nNM\n\n\n\n\n\nFree cash flow(2)\n\n\n\n(1...

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