EXPE - Expedia Group, Inc.

NasdaqGS - NasdaqGS Real-time price. Currency in USD
122.80
+12.21 (+11.04%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous close110.59
Open124.05
Bid123.05 x 800
Ask123.14 x 800
Day's range120.02 - 124.74
52-week range93.53 - 144.00
Volume10,382,889
Avg. volume2,836,950
Market cap17.792B
Beta (5Y monthly)1.01
PE ratio (TTM)32.57
EPS (TTM)3.77
Earnings date29 Apr 2020 - 03 May 2020
Forward dividend & yield1.36 (1.23%)
Ex-dividend date17 Nov 2019
1y target est127.93
  • Expedia (EXPE) Q4 Earnings Top Estimates, Revenues Up Y/Y
    Zacks

    Expedia (EXPE) Q4 Earnings Top Estimates, Revenues Up Y/Y

    Expedia Group's (EXPE) fourth-quarter results benefit from strengthen across Expedia Partner Solutions and Hotels.com.

  • Bloomberg

    Expedia Jumps After Projecting ‘Double-Digit’ Profit Growth

    (Bloomberg) -- Expedia Group Inc. gave a 2020 profit forecast for “double-digit” growth, topping analysts’ estimates and suggesting the company will be able to maintain bookings in the face of slowing global travel demand caused by the spreading coronavirus. Shares gained more than 10% in extended trading.The online travel giant reported revenue gained 7.3% to $2.75 billion in the fourth quarter, just missing the $2.77 billion analysts’ projected. Gross bookings climbed 5.9% to $23.2 billion in the period ended Dec. 31, the Seattle-based company said Thursday in a statement.Adjusted earnings before interest, taxes, depreciation and amortization was $478 million, beating the analysts’ average estimate of $451.6 million, according to data compiled by Bloomberg.“We are not providing a specific guidance range given uncertainty on how much cost savings we’ll recognize this year and the full effect of coronavirus,” Chairman Barry Diller and vice chairman Peter Kern said in the statement. “However, taking these factors into account, we expect 2020 Adjusted EBITDA growth to be in the double-digits.”The pair said they were targeting $300 million to $500 million in “run-rate cost savings across our business.”Diller said the company will streamline and simplify the business. “For several years we have really lost clarity and discipline,” he said on a conference call with analysts. “We were a bloated organization.”Shares jumped to a high of $124.25 in extended trading after closing at $110.59 in New York. The stock has dropped 13% in the past 12 months.The recent outbreak of the coronavirus, known as Covid-19, which originated in China and has spread to more than 20 countries, is battering hospitality companies from airlines to hotels to cruise operators as tourists cancel trips and businesses shutter events. The virus will dent the company’s bottom line by $30 million to $40 million in the current period, executives said on the call. However, Diller conceded the economic impact is difficult to predict.“We don’t truly know the extent of it,” Diller said, adding shortly after that he believes “it will go beyond Asia.”The health crisis is one of several challenges facing the company since Chief Executive Officer Mark Okerstrom and Chief Financial Officer Alan Pickerill were ousted in December after clashing with the board over prospects for growth. Diller said the company isn’t hunting for a new CEO. Instead, the 78-year-old billionaire media mogul will remain in control of the company’s day-to-day operations, along with Kern, for the foreseeable future -- but not beyond 2020.“I haven’t been on one of these analyst calls in endless amount of time so I’m probably a bit draggy,” said Diller, who is chairman and founder of IAC/InterActiveCorp. “Having been chairman of Expedia for, I don’t know, I think 20 years or so, I thought I knew a lot about the company, but there is nothing like being on the ground. And we’ve been on the ground.”In November, Okerstrom lowered the outlook for 2019 earnings after missing analysts’ estimates in the third quarter. Expedia largely blamed Google, which has been cramming the top of its search results with more advertising, pushing down free listings from travel companies and forcing them to spend more on marketing.Diller said he has reached out to Google’s senior management, telling them “exactly what we feel about this. “I have implored them to stop actually taking away the profits from businesses that are one of the main contributors to their advertising revenue.”Diller called for the federal government to regulate Google, saying the new search engine optimization changes were an “existential issue” for online travel agencies. The Federal Trade Commission and the U.S. Justice Department already have announced broad antitrust reviews of the major tech companies, including Alphabet Inc.’s Google.Expedia has been squeezed by Airbnb Inc. and Booking Holdings Inc. in vacation home rentals -- the fastest growing sector of the travel market. Last year, the company revamped its short-term rental unit Vrbo to try to catch up with its rivals. Vrbo reported revenue growth of 13% in the fourth quarter to $259 million. The unit generates about 10% of Expedia’s total revenue, but analysts and investors focus on Vrbo because it represents the company’s best bet for growth.In the fourth quarter, net income rose to $76 million. Profit, excluding certain items, was $1.24 a share, beating analysts’ average estimate of $1.14.(Updates with coronavirus impact in the eighth paragraph; comments from chairman throughout.)To contact the reporter on this story: Olivia Carville in New York at ocarville1@bloomberg.netTo contact the editors responsible for this story: Molly Schuetz at mschuetz9@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Expedia (EXPE) Surpasses Q4 Earnings Estimates
    Zacks

    Expedia (EXPE) Surpasses Q4 Earnings Estimates

    Expedia (EXPE) delivered earnings and revenue surprises of 5.08% and -0.43%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Expedia to Rein in Costs Following Mixed Results in Q4
    Investing.com

    Expedia to Rein in Costs Following Mixed Results in Q4

    Expedia (NASDAQ:EXPE) said it expected to rein in costs after reporting fourth-quarter results on Thursday that beat on the bottom line but fell short of expectations on the top line. Expedia had reported EPS of $3.38 on revenue of $3.56B in the previous quarter. Gross bookings increased 6% in the quarter, driven primarily by growth in Expedia Partner Solutions, which includes the benefit from enterprise deals launched in late 2018, and Hotels.com.

  • Inflation data, earnings: What to know in markets Thursday
    Yahoo Finance

    Inflation data, earnings: What to know in markets Thursday

    Inflation data and a slew of earnings announcements will be in focus Thursday.

  • Expedia Group's (EXPE) to Post Q4 Earnings: What's in Store?
    Zacks

    Expedia Group's (EXPE) to Post Q4 Earnings: What's in Store?

    Expedia Group (EXPE) fourth-quarter results are expected to reflect strength across Core OTA and Egencia. However, weakness in trivago and soft ADR environment are likely to have impacted the results.

  • Google’s Vacation Rentals Targeted by Travel Firms in EU Letter
    Bloomberg

    Google’s Vacation Rentals Targeted by Travel Firms in EU Letter

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Expedia Group Inc., TripAdvisor Inc. and eDreams Odigeo SA asked the European Union to investigate how Google shows vacation rentals, claiming it unfairly gets a prominent placing above other search results.In a letter to EU Competition Commissioner Margrethe Vestager published online, more than 30 travel firms allege that Google is “favoring its own service in general search results pages” by displaying ads “in a visually-rich OneBox” showing pictures, a map preview, ratings and prices. The display “secures Google’s service more user attention and clicks than any competing service may acquire.”Google was fined in 2017 for how it displayed product ads above search queries and told to offer similar placement to rival shopping comparison services. It will fight that EU decision at a three-day court hearing later this week. Dozens of companies have complained to the EU about how Google search shows competing search services. Regulators sought feedback last year on local search and jobs search services.Google said statement that it is testing a new format for specialized searches in Europe “where people might see a carousel of links to direct sites across the top of search results.”“This is designed to demonstrate the range of results available,” a spokesperson for the company said in an email. “Search results are designed to provide the most relevant information for your query.”The Financial Times reported on the letter earlier on Monday.To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.netTo contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • 3 Things to Know About the Q4 Earnings Season
    Zacks

    3 Things to Know About the Q4 Earnings Season

    3 Things to Know About the Q4 Earnings Season

  • Earnings Preview: Expedia (EXPE) Q4 Earnings Expected to Decline
    Zacks

    Earnings Preview: Expedia (EXPE) Q4 Earnings Expected to Decline

    Expedia (EXPE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • WeWork’s New CEO Says He Has ‘Plenty of Luck.’ He’ll Need It
    Bloomberg

    WeWork’s New CEO Says He Has ‘Plenty of Luck.’ He’ll Need It

    (Bloomberg) -- Sandeep Mathrani knows what it’s like to lead a company out of trouble.His former employer, General Growth Properties, had been flattened by the economic recession of 2008. GGP, the second-biggest owner of shopping malls in America, named Mathrani as chief executive officer in 2011 as it was emerging from what was then the biggest real estate bankruptcy in U.S. history.Six years later, Mathrani sold the business to Brookfield Property Partners LP in a deal valued at about $15 billion. The project won him a reputation as a corporate turnaround artist. “I’ve had plenty of opportunities and plenty of luck,” he said last year during an acceptance speech for a real estate industry award.That luck will surely be tested in his new job at WeWork. The troubled co-working company appointed Mathrani, 57, as CEO on Saturday. He’ll report to Marcelo Claure, the executive chairman at WeWork and operating chief at SoftBank Group Corp., WeWork’s majority owner. In a statement, Claure praised Mathrani’s “turnaround expertise.”Mathrani is a fixture in the clubby world of commercial real estate, but he also has some experience working with startups. At Brookfield, he led an investment in Industrious, a WeWork rival. “While real estate is full of some very dry, very conservative characters, Sandeep is very much not that,” said Jamie Hodari, co-founder and CEO of Industrious. “If WeWork wanted to bring in someone with serious real estate chops but who was a little closer to the WeWork spirit, he seems to fit that bill.”However, WeWork poses a very different challenge from the shopping center business. Adam Neumann, its larger-than-life co-founder, started WeWork in 2010 to rent trendy office spaces to companies and freelancers. He pitched it as a hybrid real estate and technology business, a “physical social network.”Investors bought into Neumann’s vision, giving him billions of dollars and mostly unchecked authority to set up offices around the world. SoftBank, a Japanese technology conglomerate, was the biggest believer and drove the valuation of the business up to $47 billion.But when they tried to take the parent company We Co. public last year, the plan quickly crumbled under scrutiny from Wall Street. WeWork was spending far more than it was generating in revenue and had a litany of apparent conflicts of interest with Neumann, who received loans from WeWork as it paid him rent on buildings he owned. WeWork pulled the IPO in September and agreed to sever ties with Neumann, netting him an exit package worth more than $1 billion. SoftBank said it would rescue the company by arranging about $9.5 billion in financing.The appointment of Mathrani has parallels to the situation at another unicorn startup once beset by crisis. Uber Technologies Inc., which also counts SoftBank as its largest shareholder, replaced its controversial co-founder with Dara Khosrowshahi in 2017. Khosrowshahi, an Iranian immigrant who rose to the top job at online travel provider Expedia Group Inc., was asked to tame Uber’s raucous workplace culture and its boom-or-bust financial model. Both CEOs were respected in their fields but largely unknown outside. And both had solid reputations as business operators capable of increasing profit at a steady pace and earning accolades from public investors.Mathrani was born into a wealthy family in India. In the early 1980s, his father sent him to the prestigious British boarding school Eton, but he soon left to attend public high school in suburban Philadelphia as an exchange student, Mathrani recounted during the 2019 awards ceremony speech. By age 20, he had earned engineering and business degrees from Stevens Institute of Technology, whose campus in Hoboken, New Jersey, overlooks the New York City skyline.His first foray into real estate came when he made $20,000 from flipping an apartment he’d bought for $55,000 two years earlier. For a young engineer, that was a lot of money, Mathrani said in the speech. “Wow, I made 20 grand, hallelujah,” he recalled thinking at the time. “Real estate is a good business!”Mathrani said he applied for whatever real estate jobs he could find. He was hired as a mall designer and began rising through the ranks. In 1994, he went to Forest City Ratner Cos., the development company owned at the time by real estate titan and former Brooklyn Nets owner Bruce Ratner, who would become one of Mathrani’s mentors, according to Women’s Wear Daily. In 2002, Mathrani joined Vornado Realty Trust, the largest owner of real estate in New York City, where he ran the company’s retail division.Eight years later, the call came to lead GGP. There, Mathrani had to overcome the aftershocks of the recession, a retail industry in decline and the sharp rise of Amazon.com Inc. Mathrani focused on high-end properties and courted internet-native brands like Warby Parker and Tesla Inc. to his malls. He was rewarded by becoming one of the highest-paid executives in real estate.In broadcast interviews and speeches, Mathrani is soft-spoken and understated. For the speech last year, he wore a plain suit, patterned tie and rimless glasses, his hair slightly out of place, looking the part of a college professor. He spoke about his fortune in life and finding success in America.In a statement, Mathrani said WeWork “has redefined how people and companies approach work with an innovative platform.” Under Mathrani, WeWork will refocus on office rentals and walk away from passion projects started by Neumann. It has sold business units and other holdings, including a large stake in female-focused co-working startup the Wing. WeWork also said it would terminate about 2,400 jobs.Staff morale at WeWork is low, and it’ll likely take years to get the company’s finances in order. A recent business plan set a target for positive cash flow by 2023. It could take even longer to change the company’s image in the minds of public investors.Mathrani’s role at WeWork is designed to complement Claure, a longtime telecommunications executive who was abruptly thrust into the WeWork debacle a few months ago when he was named chairman. Claure recently tweeted a photo of an inspirational message that he said reminded him of his first few days learning the real estate industry. The message read: “Be brave enough to suck at something new.”To contact the reporters on this story: Gerrit De Vynck in New York at gdevynck@bloomberg.net;Ellen Huet in San Francisco at ehuet4@bloomberg.netTo contact the editors responsible for this story: Mark Milian at mmilian@bloomberg.net, ;Alistair Barr at abarr18@bloomberg.net, Vlad SavovFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Evaluating Expedia Group, Inc.’s (NASDAQ:EXPE) Investments In Its Business
    Simply Wall St.

    Evaluating Expedia Group, Inc.’s (NASDAQ:EXPE) Investments In Its Business

    Today we'll look at Expedia Group, Inc. (NASDAQ:EXPE) and reflect on its potential as an investment. Specifically...

  • Internet-Commerce Outlook: Weak Earnings Outlook & Rich Valuation
    Zacks

    Internet-Commerce Outlook: Weak Earnings Outlook & Rich Valuation

    Internet-Commerce Outlook: Weak Earnings Outlook & Rich Valuation

  • The Zacks Analyst Blog Highlights: Alphabet, TripAdvisor, Expedia and Booking Holdings
    Zacks

    The Zacks Analyst Blog Highlights: Alphabet, TripAdvisor, Expedia and Booking Holdings

    The Zacks Analyst Blog Highlights: Alphabet, TripAdvisor, Expedia and Booking Holdings

  • GOOGL's Growing Travel Initiatives to Hurt TRIP, EXPE & BKNG
    Zacks

    GOOGL's Growing Travel Initiatives to Hurt TRIP, EXPE & BKNG

    Alphabet's (GOOGL) Google is aggressively trying to bolster presence in the online travel space, which does not bode well for companies like TripAdvisor, Expedia and Booking Holdings.

  • Google Looks to Cash in on Online Travel Demand, Ramps Up Site
    Zacks

    Google Looks to Cash in on Online Travel Demand, Ramps Up Site

    Alphabet's (GOOGL) Google is likely to gain competitive edge against tradition online travel agents on strengthening travel site initiatives.

  • GlobeNewswire

    Kaskela Law LLC Announces Stockholder Investigations

    PHILADELPHIA, Jan. 07, 2020 -- Kaskela Law LLC is investigating the following companies on behalf of investors: Gores Holdings III, Inc. (NASDAQ: GRSH), relating to the.

  • Bear of the Day: TripAdvisor (TRIP)
    Zacks

    Bear of the Day: TripAdvisor (TRIP)

    Bear of the Day: TripAdvisor (TRIP)

  • Business Wire

    INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Expedia Group, Inc. and Encourages Investors with Losses to Contact the Firm

    INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Expedia Group, Inc.

  • How Does Expedia Group, Inc. (NASDAQ:EXPE) Fare As A Dividend Stock?
    Simply Wall St.

    How Does Expedia Group, Inc. (NASDAQ:EXPE) Fare As A Dividend Stock?

    Could Expedia Group, Inc. (NASDAQ:EXPE) be an attractive dividend share to own for the long haul? Investors are often...

  • Business Wire

    INVESTIGATION ALERT: The Schall Law Firm Announces It Is Investigating Claims Against Expedia Group, Inc. and Encourages Investors with Losses to Contact the Firm

    INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Expedia Group, Inc.

  • Is Tripadvisor (TRIP) Doomed to Witness a Terrible 2020 Too?
    Zacks

    Is Tripadvisor (TRIP) Doomed to Witness a Terrible 2020 Too?

    TripAdvisor (TRIP) is likely to perform sluggishly in 2020 thanks to rising competitive pressure and ongoing challenges in Hotels, Media & Platform segment.