Expedia Group, Inc. (EXPE) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.939 Hello, everyone. Thank you for joining us and welcome to the Expedia Group Q4 2025 Financial 00:00:05.939 -- 00:00:11.066 Results webcast. After today's prepared remarks, we will host a question and answer session. 00:00:11.066 -- 00:00:16.773 If you would like to ask a question, please press star 1 on your telephone keypad. 00:00:16.773 -- 00:00:19.777 To withdraw your question, press star 1 again. 00:00:19.777 -- 00:00:25.044 For opening remarks, I will now hand the call over to Rob Bevegni, VP of Investor 00:00:25.044 -- 00:00:28.145 Relations. Please go ahead. 00:00:28.145 -- 00:00:32.551 Good afternoon, and welcome to Expedia Group's fourth quarter 2025 earnings call. 00:00:32.551 -- 00:00:36.857 I'm pleased to be joined on today's call by our CEO, Ariane Gorin, and our CFO, Scott 00:00:36.857 -- 00:00:41.063 Schengel. As a reminder, our commentary today will include references to certain non-GAAP 00:00:41.063 -- 00:00:45.269 measures. Reconciliations of these non-GAAP measures to the most comparable GAAP measures 00:00:45.269 -- 00:00:49.514 are included in our earnings release. Unless otherwise stated, all growth rates are on 00:00:49.514 -- 00:00:54.381 a year-over-year basis, and any references to expenses exclude stock-based compensation. 00:00:54.381 -- 00:00:57.085 We will also be making forward-looking statements during the call. 00:00:57.085 -- 00:01:01.009 which are predictions, projections, and other statements about future events. 00:01:01.009 -- 00:01:05.073 These statements are based on current expectations and assumptions, which are subject 00:01:05.073 -- 00:01:08.156 to risks and uncertainties that are difficult to predict. 00:01:08.156 -- 00:01:12.440 Actual results could maturely differ due to factors discus...