AI English summary of an SEC filing — figures as filed
Expedia Group EXPEThe company said revenue for the quarter ended March 31, 2024 rose 8% from a year earlier, citing growth in lodging revenue in its B2B segment. The company said lodging revenue rose 10% and advertising and media revenue rose 23%.
Key points
AI summaryThe company said revenue for the quarter ended March 31, 2024 rose 8% from a year earlier, citing growth in lodging revenue in its B2B segment. The company said lodging revenue rose 10% and advertising and media revenue rose 23%.
The company said it committed to restructuring actions in February 2024 and recognized restructuring and related reorganization charges of $48 million in the quarter. It said it expects total reorganization charges for the remainder of 2024 of approximately $30 million to $50 million.
The company said cash and cash equivalents and short-term investments were $5.7 billion as of March 31, 2024, compared with $4.3 billion as of December 31, 2023. It said operating cash flow decreased by $278 million in the quarter, citing a smaller benefit from changes in working capital as the main factor.
Expedia said it repurchased 4.3 million shares on the open market under its 2023 Share Repurchase Program on Q1 2024, for about $606 million. The company said $4.2 billion remained available for repurchases under the program as of March 31, 2024.
Key figures
Quarter ended March 31, 2024
- Revenue
- $2.9B
- Operating income
- −$110M
- Net income
- −$135M
- EPS
- −$0.99
- Operating cash flow
- $2.9B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Revenue Growth and Service Type Changes in Q1 2024
The company said revenue for the quarter ended March 31, 2024 rose 8% from a year earlier, citing growth in lodging revenue in its B2B segment. The company said lodging revenue rose 10% and advertising and media revenue rose 23%.
Source · Based on the MD&A text of the filing
Restructuring Costs and Operating Loss Changes
The company said it committed to restructuring actions in February 2024 and recognized restructuring and related reorganization charges of $48 million in the quarter. It said it expects total reorganization charges for the remainder of 2024 of approximately $30 million to $50 million.
Source · Based on the MD&A text of the filing
Cash and Short-Term Investments and Operating Cash Flow Changes
The company said cash and cash equivalents and short-term investments were $5.7 billion as of March 31, 2024, compared with $4.3 billion as of December 31, 2023. It said operating cash flow decreased by $278 million in the quarter, citing a smaller benefit from changes in working capital as the main factor.
Source · Based on the MD&A text of the filing
2023 Share Repurchase Program Activity
Expedia said it repurchased 4.3 million shares on the open market under its 2023 Share Repurchase Program on Q1 2024, for about $606 million. The company said $4.2 billion remained available for repurchases under the program as of March 31, 2024.
Source · Based on the MD&A text of the filing
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.
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