EXPEDIA GROUP Reports 5.6% Revenue Increase in Second Quarter of FY2023
August 7, 2023
☀️Earnings Overview
On August 3, 2023, EXPEDIA GROUP ($NASDAQ:EXPE) released their second quarter earnings results for FY2023, reporting total revenue of USD 3358.0 million – a 5.6% rise compared to the same period in the previous year. Net income for the quarter totaled USD 385.0 million, representing a significant increase from the net loss of -185.0 million reported in the same quarter in FY2022.
Analysis
GoodWhale has analyzed the wellbeing of Expedia Group and has found it to be a high risk investment. According to GoodWhale’s Risk Rating, Expedia Group exhibits risk in both its financial and business aspects. In particular, GoodWhale has detected three risk warnings in the income sheet, balance sheet, and non financial elements. These findings are available to registered users, so those interested in learning more about the risks associated with investing in Expedia Group can do so by signing up for an account. GoodWhale’s Risk Rating can provide invaluable insight into the safety of any investment, allowing users to make more informed decisions. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Expedia Group. More…
| Total Revenues | Net Income | Net Margin |
| 12.26k | 899 | 7.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Expedia Group. More…
| Operations | Investing | Financing |
| 3.12k | -720 | -1.96k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Expedia Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 25.68k | 22.46k | 12.18 |
Key Ratios Snapshot
Some of the financial key ratios for Expedia Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.5% | 7.4% | 12.4% |
| FCF Margin | ROE | ROA |
| 18.9% | 52.9% | 3.7% |
Peers
Expedia Group Inc is one of the world’s largest online travel companies, with a portfolio that includes some of the best-known brands in the industry. Its main competitors are Booking Holdings Inc, Adventure Inc, and Despegar.com Corp. All three companies are leaders in the online travel space, and each has a different focus.
– Booking Holdings Inc ($NASDAQ:BKNG)
Booking Holdings Inc is a online travel company that owns and operates a portfolio of travel brands. The company’s mission is to make it easy for everyone to experience the world. The company’s brands include Booking.com, Priceline.com, Agoda.com, Kayak.com, Rentalcars.com, and OpenTable. The company operates in over 200 countries and employs over 17,000 people.
– Adventure Inc ($TSE:6030)
Adventure Inc is a publicly traded company that operates in the adventure travel industry. The company is headquartered in Vancouver, Canada and was founded in 1971. The company offers a variety of adventure travel products and services including adventure tours, adventure travel packages, and adventure travel insurance. The company has a market cap of 80.18B as of 2022 and a Return on Equity of 13.93%.
– Despegar.com Corp ($NYSE:DESP)
Despegar.com Corp is an online travel company that offers a range of travel products and services, including air tickets, hotel rooms, vacation packages, and car rentals. The company operates in Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, and Uruguay. As of 2022, Despegar.com had a market cap of 407.36M and a ROE of 95.41%.
Summary
EXPEDIA GROUP reported strong second quarter results for FY2023, with total revenue of USD 3358.0 million, representing a 5.6% year-over-year increase. Net income for the quarter was USD 385.0 million, a marked improvement from their net loss of -185.0 million in the same period last year. Despite these positive figures, the stock price dropped following the release of their earnings results. Despite these concerns, the company’s strong overall performance and continuing cost-cutting efforts indicate it may still be a worthwhile investment in the long run.
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