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AI English summary of an SEC filing — figures as filed

Expedia Group logoExpedia Group EXPE

The company said full-year 2023 revenue rose 10% to $12,839 million, and adjusted EBITDA grew 14% to $2,680 million. Net income attributable to the parent rose 127% to $797 million in 2022 from $352 million in the prior year.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said full-year 2023 revenue rose 10% to $12,839 million, and adjusted EBITDA grew 14% to $2,680 million. Net income attributable to the parent rose 127% to $797 million in 2022 from $352 million in the prior year.

  2. The company said revenue for Q4 2023 rose 10% to $2,887 million. In the same quarter, operating income fell 19% to $104 million, and net income attributable to the parent fell 25% to $132 million.

  3. The company said operating cash flow for fiscal 2023 fell 22% to $2,690 million, and free cash flow fell 34% to $1,844 million. In the same year, it spent $2,137 million on purchases of treasury stock.

  4. The company said on February 8, 2024 that it named Ariane Gorin as Chief Executive Officer, succeeding Peter Kern from May 13, 2024. Under her employment agreement, her annual base salary is $1,250,000, and the agreement runs through May 13, 2028.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Expedia Group Reports 2023 Full-Year Revenue, Adjusted EBITDA and GAAP Net Income

The company said full-year 2023 revenue rose 10% to $12,839 million, and adjusted EBITDA grew 14% to $2,680 million. Net income attributable to the parent rose 127% to $797 million in 2022 from $352 million in the prior year.

Source · Based on the filing body and exhibits

Expedia Group Reports Q4 2023 Revenue, Operating Income and Net Income

The company said revenue for Q4 2023 rose 10% to $2,887 million. In the same quarter, operating income fell 19% to $104 million, and net income attributable to the parent fell 25% to $132 million.

Source · Based on the filing body and exhibits

Expedia Group Reports 2023 Operating Cash Flow, Free Cash Flow and Share Repurchases

The company said operating cash flow for fiscal 2023 fell 22% to $2,690 million, and free cash flow fell 34% to $1,844 million. In the same year, it spent $2,137 million on purchases of treasury stock.

Source · Based on the filing body and exhibits

Ariane Gorin Named CEO; Compensation Terms

The company said on February 8, 2024 that it named Ariane Gorin as Chief Executive Officer, succeeding Peter Kern from May 13, 2024. Under her employment agreement, her annual base salary is $1,250,000, and the agreement runs through May 13, 2028.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.