Expedia Group, Inc. is an online travel company with a mission to power global travel for everyone, everywhere. The company leverages its supply portfolio, platform and technology capabilities across an extensive portfolio of consumer brands, and provides solutions to its business partners, to empower travelers to efficiently research, plan, book and experience travel. Expedia Group has over 3 million lodging properties available, including over 2 million online bookable alternative accommodations listings through Vrbo, over 940,000 hotels and alternative accommodations through other brands, and over 500 airlines, packages, rental cars, cruises, insurance, as well as activities and experiences. The company's travel suppliers distribute and market products via apps, desktop and mobile offerings, as well as through alternative distribution channels, business partnerships and call centers. In addition, its advertising and media businesses help other businesses, primarily travel providers, reach a large multi-platform audience of travelers around the globe.

• Employees: 17,100 (as of December 31, 2023)
• Geographic Footprint: Operates across more than 50 countries
• Headquarters: Seattle, WA
• Founded: Over 25 years ago
• Number of locations/facilities: Not explicitly stated, but operates through a combination of company-owned data centers and cloud platforms
• Revenue: $12.8 billion (FY2023)
• Market Capitalization: Approximately $15.1 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: Brand Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, ebookers, Wotif Group, trivago

• CEO: Peter Kern (current), Ariane Gorin (appointed to succeed in May 2024)
• CFO: Julie Whalen
• Board Chair: Barry Diller
• Other Key Executives: Lance Soliday (Senior Vice President, Chief Accounting Officer and Controller)

Barry Diller is also a Senior Executive. Peter Kern is also Vice Chairman. Ariane Gorin is appointed to succeed Mr. Kern as CEO in May 2024.

• Annual Revenue: $12.8 billion (FY2023)
• Net Income: $688 million (FY2023)
• Market Cap: Approximately $15.1 billion (as of June 30, 2023)
• Total Assets: $21.6 billion (as of December 31, 2023)
• Number of Employees: 17,100 (as of December 31, 2023)
• Key Financial Highlights: Revenue increased 10% in 2023 compared to 2022. Gross bookings increased 10% in 2023 compared to 2022. Lodging revenue increased 15% in 2023. Air revenue increased 13% in 2023. Advertising and media revenue increased 6% in 2023.

Expedia Group offers a wide array of travel products and services:

• Lodging: Includes hotels and alternative accommodations, with over 3 million properties available.
• Air: Facilitates booking of airline seats.
• Advertising & Media: Generates revenue through trivago and Expedia Group Media Solutions.
• Other: Includes car rentals, cruises, insurance, activities and experiences, and corporate travel services.

Expedia Group operates through three reportable segments:

• B2C: Provides travel and advertising services to customers worldwide through various brands.
• B2B: Fuels travel and non-travel companies with technology and supply.
• trivago: Generates advertising revenue from hotel metasearch websites.

In FY2023, B2C generated $9.1 billion in revenue, B2B generated $3.4 billion in revenue and trivago generated $338 million in revenue.

Expedia Group's strategy focuses on leveraging its brand, supply, and platform technology to provide greater services and value to travelers, suppliers, and business partners, and building longer-lasting direct relationships with customers. Key initiatives include:

• Shifting from a transactionally focused approach to building direct customer relationships through loyalty programs and app adoption.
• Migrating core B2C brands onto a unified technology platform.
• Developing configurable technical capabilities to support various travel products.
• Optimizing marketing investments across the brand portfolio.
• Continuing to invest in customer service platform technology.

The company aims to leverage its global scale and broad-based supply to drive increasing value to customers and customer demand. They also focus on providing value to supply partners seeking to grow their business through technology and a better understanding of travel retailing.

Expedia Group operates in intensely competitive markets, including online and offline travel companies, alternative accommodation providers, travel suppliers, search engines, and metasearch websites. Key trends affecting the business include:

• Increasing online penetration of travel expenditures.
• Consolidation in the online travel agency segment.
• Growth of alternative accommodation providers.
• Direct booking efforts by travel suppliers.
• Competition from search engines and large online portals.

Expedia Group believes it is one of the few companies focused on building a truly global travel marketplace. Competitors include Booking Holdings, Airbnb, Trip.com, Google, and various other online and offline travel companies.

• Industry Risks: Intense competition from online and offline travel providers, including OTAs, alternative accommodation providers, and search engines.
• Financial Risks: Potential liquidity constraints, dependence on capital markets, and risks associated with indebtedness.
• Operational Risks: Changes in search engine algorithms, reliance on third-party systems and services, and cybersecurity threats.
• Legal and Regulatory Risks: Compliance with travel industry regulations, data privacy laws, and international laws.
• Strategic Risks: Failure to achieve expected benefits from strategic initiatives and efforts to increase operational efficiencies.