Expedia Group, Inc. (NASDAQ:EXPE) Q3 2020 Results Earnings Conference Call November 4, 2020 4:30 PM ET Company Participants Michael Senno - Vice President, Investor Relations and Treasurer Peter Kern - Vice Chairman and CEO Eric Hart - Chief Financial Officer Conference Call Participants Lloyd Walmsley - Deutsche Bank Naved Khan - Truist Securities Mark Mahaney - RBC Eric Sheridan - UBS Deepak Mathivanan - Barclays Justin Post - Bank of America Kevin Kopelman - Cowen Jed Kelly - Oppenheimer Lee Horowitz - E ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September, 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37429 EXPEDIA GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 20-2705720 (State or othe ...

财务数据和关键指标变化 - 第二季度收入同比下降22% [25] - 毛利率为21%,异常高,主要受取消预订的影响 [29] - 自由现金流为负21亿美元,主要受负营运资本影响 [31] - 总无限制现金和短期投资为55亿美元,不包括7月份完成的12.5亿美元债务融资 [32] 各条业务线数据和关键指标变化 - 酒店ADR增长1%,每间夜收入增长15%,主要受Vrbo高ADR和增长推动 [28] - 机票收入为负,受取消预订和退款影响 [30] - Vrbo预订量强劲增长,推动延迟商户预订在6月份增加 [31] 各个市场数据和关键指标变化 - 美国市场表现强劲,欧洲和亚洲市场复苏较慢 [39] - 欧洲航空业务复苏缓慢,酒店业务逐步改善 [40] - 北美和拉美市场表现相似,欧洲和亚太市场航空业务复苏较慢 [41] 公司战略和发展方向和行业竞争 - 专注于简化业务、加速发展、推动COVID期间难以实施的举措 [11] - 加速技术项目,如将媒体解决方案业务转移到自有平台 [13] - 专注于利用平台和数据优势,帮助客户和供应商做出更好决策 [15] - 帮助供应商度过COVID时期,推动供应商业务增长 [16] - 合并品牌和绩效营销团队,优化整体品牌组合 [18] 管理层对经营环境和未来前景的评论 - 4月份业务非常困难,但5月和6月有所改善 [8] - 预计复苏将是波动的,不会是线性的 [9] - 专注于可控因素,如成本结构和内部运营 [10] - 预计将超过5亿美元的成本节约目标 [17] - 预计未来几个季度临时成本措施将逐步取消,成本节约将增加 [26] - 预计随着业务复苏,成本收入比将得到改善 [27] - 预计随着需求信号的出现,将逐步恢复营销 [28] - 预计随着业务复苏,自由现金流将改善 [31] - 预计随着业务复苏,资本结构将得到改善 [33] 其他重要信息 - 第二季度运营费用同比下降22%,约一半来自成本节约措施 [25] - 第二季度资本支出为2.06亿美元,其中3400万美元用于总部建设 [78] - 预计2020年资本支出将低于2019年,2021年随着总部建设完成将进一步减少 [78] 问答环节所有提问和回答 问题: Vrbo的供应是否足以满足需求? - Vrbo的供应充足,没有出现严重短缺 [37] 问题: 不同地区的表现如何? - 美国市场表现强劲,欧洲和亚洲市场复苏较慢 [39] - 欧洲航空业务复苏缓慢,酒店业务逐步改善 [40] 问题: 消费者行为是否发生了永久性变化? - 没有看到消费者行为发生永久性变化的迹象 [45] - Vrbo获得了新用户的青睐,可能带来长期收益 [46] 问题: 品牌营销支出的灵活性如何? - 有多种工具可以推动品牌营销,正在优化品牌定位 [52] - 当市场恢复正常时,将有更多资金用于品牌营销 [55] 问题: 新预订量下降对收入的影响如何? - 收入受到取消预订和退款的影响,存在一定噪音 [59] 问题: 欧洲市场的复苏情况如何? - 欧洲市场复苏较慢,航空业务仍面临挑战 [61] 问题: 供应商是否更愿意与OTA合作? - 供应商更愿意合作,共同寻找增长机会 [66] 问题: 延迟商户预订和现金状况如何? - 延迟商户预订在6月份有所改善,现金状况良好 [70] - 每月现金消耗率已达到2.75亿美元的目标 [73] 问题: Vrbo的流量来源有何变化? - Vrbo获得了大量直接流量,营销回报率很高 [75] 问题: 资本支出计划有何变化? - 2020年资本支出将低于2019年,2021年将进一步减少 [78] 问题: 度假租赁和酒店业务有何不同? - 度假租赁业务表现强劲,酒店业务复苏较慢 [81] 问题: 云成本有何变化? - 云成本预计将在2020年下降,但业务复苏后可能会有所增加 [83] 问题: 本地旅游和国际旅游的消费行为有何不同? - 本地旅游倾向于更短的住宿时间和更低的消费,但具体情况因市场而异 [86]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37429 | --- | --- | |---------------------------------------------------------------------------|-------------------------- ...

Expedia Group, Inc. (NASDAQ:EXPE) Q1 2020 Results Earnings Conference Call May 20, 2020 4:30 PM ET Company Participants Michael Senno - Vice President, Investor Relations Peter Kern - Vice Chairman and CEO Eric Hart - Chief Financial Officer Conference Call Participants Mark Mahaney - RBC Naved Khan - SunTrust Eric Sheridan - UBS Deepak Mathivanan - Barclays Justin Post - Bank of America Kevin Kopelman - Cowen Lloyd Walmsley - Deutsche Bank Stephen Ju - Credit Suisse Operator Good day. And welcome to the Ex ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37429 | --- | --- | |----------------------------------------------------------------------------------------------------- ...

Expedia Group, Inc. (NASDAQ:EXPE) Q4 2019 Results Conference Call February 13, 2020 4:30 PM ET Company Participants Michael Senno - VP, IR Barry Diller - Chairman Peter Kern - Vice Chairman Eric Hart - Acting CFO Conference Call Participants Eric Sheridan - UBS Mark Mahaney - RBC Justin Post - Bank of America Merrill Lynch Justin Patterson - Raymond James Brian Nowak - Morgan Stanley Deepak Mathivanan - Barclays Chris Kuntarich - Deutsche Bank Deepak Mathivanan - Barclays Kevin Kopelman - Cowen and Company ...

Table of Contents Title of each class Trading symbol(s) Name of each exchange on which registered Common stock, $0.0001 par value EXPE The Nasdaq Global Select Market Expedia Group, Inc. 2.500% Senior Notes due 2022 EXPE22 New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________ Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ ...

Expedia Group, Inc. (NASDAQ:EXPE) Q3 2019 Results Earnings Conference Call November 6, 2019 4:30 PM ET Company Participants Michael Senno - VP, IR Mark Okerstrom - President, CEO & Director Alan Pickerill - EVP, CFO & Treasurer Conference Call Participants Lloyd Walmsley - Deutsche Bank Mark Mahaney - RBC Capital Markets Justin Post - Bank of America, Merrill Lynch Eric Sheridan - UBS Kevin Kopelman - Cowen and Company Deepak Mathivanan - Barclays Jed Kelly - Oppenheimer Naved Khan - SunTrust Justin Patters ...