The B2B segment's revenue increased significantly, indicating successful partnerships and expansion in this area. This growth is attributed to increased lodging revenue within the segment.

After experiencing softness earlier in the year, Vrbo showed signs of recovery, contributing to the overall lodging revenue increase. This indicates successful strategic adjustments and market positioning.

The company is focusing on expanding its presence in international markets, signaling a strategic shift towards capturing growth opportunities in new regions. This is expected to drive future revenue growth and market share.

The company's restructuring efforts have resulted in a more streamlined organization and reduced personnel costs. This indicates effective management in optimizing operational efficiency and resource allocation.

General and administrative expense increased due to acceleration of approximately $51 million of stock-compensation expense relate to the recent departure of our Vice Chairman, partially offset lower personnel costs in connection with previously announced cost saving initiatives.

The unified team structure enables the company to deliver more scalable services and operate more efficiently. The company has also completed the migration of its core B2C brands onto a unified Brand Expedia technology front-end infrastructure.

Inflation, interest rates, currency fluctuations, and evolving geopolitical conflicts are creating volatility in the short term. These factors could strain suppliers and business partners, increasing the risk of credit losses and service disruptions.

The company is involved in ongoing lawsuits regarding hotel occupancy taxes, which could result in significant liabilities. Changes to the settlement reserve are included within legal reserves, occupancy tax and other in the consolidated statements of operations.

Expedia Group is in various stages of inquiry or audit in multiple European Union jurisdictions regarding the application of VAT to its European Union related transactions. While the company believes it complies with applicable VAT laws, rules and regulations in the relevant jurisdictions, the tax authorities may determine that it owes additional taxes.

The industry is expected to remain highly competitive for the foreseeable future. In addition to the growth of online travel agencies, Expedia Group has seen continued interest in the online travel industry from search engine companies such as Google, evidenced by continued product enhancements, and prioritizing its own AdWords and metasearch products such as Google Hotel Ads and Google Flights, in search results.

Airlines and lodging companies are aggressively pursuing direct online distribution of their products and services. In addition, the increasing popularity of the “sharing economy,” accelerated by online penetration, has had a direct impact on the travel and lodging industry.

In 2022, the company began evolving its strategy from being largely transactionally focused, where it was primarily focused on acquiring customers through performance channels, to building a direct relationship with its customers by allocating more marketing spend towards its loyalty programs, paid app downloads, and brand awareness.

Cost of revenue decreased $24 million and $125 million during the three and nine months ended September 30, 2024, compared to the same periods in 2023, primarily due to lower costs from ongoing initiatives to drive transactional efficiencies.

Technology and content expense decreased $20 million and $9 million during the three and nine months ended September 30, 2024, compared to the same periods in 2023, primarily due to lower personnel costs in connection with previously announced cost saving initiatives, partially offset by higher stock-based compensation.

The unified team structure enables the company to deliver more scalable services and operate more efficiently. The company has also completed the migration of its core B2C brands onto a unified Brand Expedia technology front-end infrastructure.

The unified team structure enables the company to deliver more scalable services and operate more efficiently. The company has also completed the migration of its core B2C brands onto a unified Brand Expedia technology front-end infrastructure.

With greatly improved product driven by the latest in machine learning and artificial intelligence capabilities and One Key, the company believes it will continue to drive greater retention, repeat and direct business.

The company believes this strategy will enable it to: simultaneously build pieces of technology that work in tandem; ship new capabilities and features faster; create a foundation for more innovative solutions; and achieve greater economies of scope and scale.

The company repurchased 11.2 million shares under the 2023 Share Repurchase Program, indicating a commitment to returning value to shareholders. As of September 30, 2024, $3.4 billion remains authorized for repurchase under the 2023 Share Repurchase Program.

The company continues to invest in its technology infrastructure and online platforms, supporting its long-term growth strategy. Capital expenditures, including internal-use software and website development, were (565) million for the nine months ended September 30, 2024.

The company is investing in its technology infrastructure and online platforms, supporting its long-term growth strategy. Capital expenditures, including internal-use software and website development, were (565) million for the nine months ended September 30, 2024.

This donation is a part of the legal reserves, occupancy tax and other for the nine months ended September 30, 2024.

The company has witnessed a healthy but more normalized travel demand environment in the first nine months of 2024, as consumers continue to prioritize spend on travel and experiences over other discretionary spending.

Inflation and other macroeconomic pressures in the U.S. and the global economy, such as interest rates and currency fluctuations and energy price volatility, as well as evolving geopolitical conflicts, have contributed to an increasingly complex business environment.

Increased usage and familiarity with the internet have continued to drive rapid growth in online penetration of travel expenditures. Online penetration is higher in the U.S. and Western European markets with online penetration rates in some emerging markets, such as Latin America and Eastern European regions, lagging behind those regions.