gt;760 <40% 445% online 29% billion growth rate penetration Expedia 9.30 TTM leisure revenue Expedia 9.30

Slide 45: Virtuous Cycle

Virtuous Cycle Cash flow to The bigger and invest in better we get, More ad Compelling supplier & revenue advertising the bigger and channel better we get. Growth/ User- Scale Better generated supplier content economics Improved More traveler travelers experience EXPEDIA, INC.

Slide 46: Diverse revenue streams

Diverse revenue streams Product Categories (TTM 9.30.10) Geographic Split (TTM 9.30.10) Revenue Revenue 100% Car, Cruise & Other 13% 80% Advertising & Media 12% 60% Hotel 63% 40% Air 12% 20% 0% 2005 2006 2007 2008 2009 2010 Domestic International EXPEDIA, INC.

Slide 47: Solid performance…

Solid performance… • Positive top-line growth • 3Q10 YOY revenue growth two times faster than 2Q10 YOY revenue growth • Continue to generate substantial revenue, profits and free cash flow $1,200 16% $900 8% 13% $600 15% $300 10% 3% 32% 14% 24% $- Q110 Q210 Q310 Revenue OIBA Adjusted Net Income EXPE

Slide 48: Stable supplier economics

Stable supplier economics Trended Revenue Margin (TTM) Implemented consumer fee cuts 13.8% 14.0% 14.1% Began lapping fee cuts 13.9% 13.6% 13.1% 12.8% 12.8% 12.6% 12.6% 12.1% 12.5% 12.4% 11.6% 11.3% 11.2% 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 Excluding ad & media revenue Including ad & media revenu

Slide 49: Generating cash, returning it to shareholders

Generating cash, returning it to shareholders Since 2006 generated $2.9B in free cash flow and returned $2.1B to shareholders through share repurchases and dividends Trended Free Cash Flow (TTM) $1,000 $800 $600 $400 $200 $- Q107 Q207 Q307 Q407 Q108 Q208 Q308 Q408 Q109 Q209 Q309 Q409 Q110 Q210 Q310

Slide 50: Expedia, Inc. brand logos

@ Hotwire . . — WN QUT Om ~—traVelticker Wgahte= ravelPod’ The web's original travel blog. Expedia Hotwire @)Pocaiexpert sNIQUE™ DESTINATION SERVICES (rn) mobiata beskingobuddy & Expedia Fig dependent TRAVEL SEARGH MADE SIMPLE™ . . . tripadvisor PHBE © tripadvisor’ SEATGURU Bh ® ' Ml CarRentals. X@e

Slide 51: Appendix A - Non-GAAP Items

Appendix A - Non-GAAP Items Operating Income Before Amortization (“OIBA”) is defined as operating income plus: (1) stock-based compensation expense, including compensation expense related to certain subsidiary equity plans; (2) acquisition-related impacts, including (i) amortization of intangible as

Slide 52: Appendix A - Non-GAAP Items: OIBA

Appendix A - Non-GAAP Items OIBA (Operating Income Before Amortization) 3 Months 3 Months 3 Months (figures in $000s) Ended Ended Ended 31-Mar-10 30-Jun-10 30-Sep-10 OIBA $142,544 $219,472 $293,650 Amortization of intangible assets (9,028) (8,344) (8,126) Stock-based compensation (18,892) (14,651) (

Slide 53: Appendix A - Non-GAAP Items: Adjusted Net Income

Appendix A - Non-GAAP Items Adjusted Net Income 3 Months 3 Months 3 Months (figures in $000s) Ended Ended Ended 31-Mar-10 30-Jun-10 30-Sep-10 Net income attributable to Expedia, Inc. $ 59,395 $ 114,261 $ 176,550 Amortization of intangible assets 9,028 8,344 8,126 Stock-based compensation 18,892 14,6

Slide 54: Appendix A - Non-GAAP Items: Free Cash Flow

Appendix A - Non-GAAP Items Free Cash Flow (figures in $000s) 31-Dec-06 31-Dec-07 31-Dec-08 31-Dec-09 30-Sep-10 Total Net cash provided by operating activities $617,440 $712,069 $520,688 $676,004 $937,717 $3,463,918 Less: capital expenditures (92,631) (86,658) (159,827) (92,017) (113,324) (544,457)

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