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AI English summary of an SEC filing — figures as filed

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The company said booked room nights for Q3 2024 rose 9% year over year to 97.4 million, gross bookings rose 7% to $27,498 million, and revenue rose 3% to $4,060 million.

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

Key points

AI summary
  1. The company said booked room nights for Q3 2024 rose 9% year over year to 97.4 million, gross bookings rose 7% to $27,498 million, and revenue rose 3% to $4,060 million.

  2. Expedia Group said operating income for Q3 2024 rose 26% to $762 million, net income attributable to Expedia Group, Inc. rose 61% to $684 million, and diluted EPS was $5.04. It said Adjusted EBIT for the same quarter fell 1% to $892 million.

  3. The company said its consolidated statement of operations for Q3 2024 included legal reserves, occupancy tax and other of $59 million and an impairment of intangible assets of $33 million as expenses, and that Q3 2023 included an impairment of goodwill of $297 million. Net cash provided by operating activities for the 9 months ended 2024 was $2,887 million.

  4. Expedia Group said Julie Whalen will step down as Chief Financial Officer when her successor is appointed, which it expects to occur before February 17, 2025. The company also said it repurchased about 12.0 million shares for $1.6 billion so far this year.

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.

Booked room nights, gross bookings and revenue for Q3 2024

The company said booked room nights for Q3 2024 rose 9% year over year to 97.4 million, gross bookings rose 7% to $27,498 million, and revenue rose 3% to $4,060 million.

Source · Based on the filing body and exhibits

Profit metrics for Q3 2024 compared with the prior-year quarter

Expedia Group said operating income for Q3 2024 rose 26% to $762 million, net income attributable to Expedia Group, Inc. rose 61% to $684 million, and diluted EPS was $5.04. It said Adjusted EBIT for the same quarter fell 1% to $892 million.

Source · Based on the filing body and exhibits

One-time items in Q3 and nine-month operating cash flow

The company said its consolidated statement of operations for Q3 2024 included legal reserves, occupancy tax and other of $59 million and an impairment of intangible assets of $33 million as expenses, and that Q3 2023 included an impairment of goodwill of $297 million. Net cash provided by operating activities for the 9 months ended 2024 was $2,887 million.

Source · Based on the filing body and exhibits

CFO transition and share repurchases

Expedia Group said Julie Whalen will step down as Chief Financial Officer when her successor is appointed, which it expects to occur before February 17, 2025. The company also said it repurchased about 12.0 million shares for $1.6 billion so far this year.

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.