Expedia Group delivered a strong Q3 performance with notable achievements in gross bookings growth, B2B, and advertising segments. Despite weather and currency challenges, cost management and product innovations contributed positively. However, Vrbo's growth lagged behind expectations, and marketing expenses posed margin pressures.

Company Guidance

During the Expedia Group Q3 2024 earnings call, the company raised its full-year guidance, highlighting several key metrics that contributed to its strong quarterly performance. Gross bookings increased by 7% year-over-year to $27.5 billion, with lodging bookings up 8% and hotel business bookings growing by 10%. Revenue grew by 3% to $4.1 billion, and EBITDA also rose by 3%, reaching $1.25 billion, with a margin of 30.8%. Despite challenges such as unfavorable macro trends, weather events, and foreign exchange impacts, the company maintained year-over-year room night growth of 9% and gross bookings growth of 7%. The B2B business and advertising segments were notable highlights, contributing strong double-digit growth. Additionally, the company repurchased $1.6 billion in shares year-to-date, reflecting confidence in its long-term value. The company also reported a 150 basis point improvement in its 12-month member repeat rate, demonstrating the effectiveness of its loyalty initiatives.

Strong Q3 Performance

Achieved 9% year-over-year room night growth, 7% gross bookings growth, and 3% revenue and EBITDA growth. Raised full-year guidance with expectations of 5% gross bookings growth and improved EBITDA and EBIT margins.

B2B and Advertising Growth

B2B bookings up 19% year-over-year, and advertising revenue increased by 32%. Continued expansion in international markets with promising results.

Vrbo Returns to Growth

Vrbo achieved its first full quarter of bookings growth in 2024, enhanced app performance, and added nearly 1 million units to its supply.

Cost Management and Efficiency

Cost of sales decreased by 6% year-over-year, and overhead expenses reduced by 3%, resulting in leverage improvements.

Innovations and Product Enhancements

Introduced new product features like destination comparison and live flight tracker. Leveraged AI for better customer service and conversion.

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Expedia (DE:E3X1) Earnings, Revenues Date & History

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DE:E3X1 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 26, 2018	2018 (Q2)	- / 1.34	0.864	55.06% (+0.48)	―	―
Oct 25, 2018	2018 (Q3)	- / 3.54	2.437	45.42% (+1.11)	―	―
Feb 07, 2019	2018 (Q4)	- / 1.15	0.816	40.48% (+0.33)	―	―
May 02, 2019	2019 (Q1)	- / -0.26	-0.447	41.30% (+0.18)	―	―
Jul 25, 2019	2019 (Q2)	- / 1.72	1.34	28.26% (+0.38)	―	―
Nov 06, 2019	2019 (Q3)	- / 3.28	3.544	-7.40% (-0.26)	―	―
Feb 13, 2020	2019 (Q4)	- / 1.20	1.146	5.08% (+0.06)	―	―
May 20, 2020	2020 (Q1)	- / -1.78	-0.262	-577.78% (-1.51)	―	―
Jul 30, 2020	2020 (Q2)	- / -3.88	1.718	-325.99% (-5.60)	―	―
Nov 04, 2020	2020 (Q3)	- / -0.23	3.282	-107.10% (-3.51)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:E3X1 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2024	€161.18	€173.50	+7.64%
Aug 08, 2024	€107.52	€117.08	+8.89%
May 02, 2024	€125.42	€109.38	-12.79%
Feb 08, 2024	€145.86	€119.48	-18.09%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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