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Expedia Group Inc (EXPE.OQ)

EXPE.OQ on NASDAQ Stock Exchange Global Select Market

94.15USD
30 Oct 2020
Change (% chg)

$-1.07 (-1.12%)
Prev Close
$95.22
Open
$94.88
Day's High
$95.26
Day's Low
$92.74
Volume
947,935
Avg. Vol
1,068,782
52-wk High
$138.72
52-wk Low
$40.76

Latest Key Developments (Source: Significant Developments)

Expedia Group Says On August 5, Entered Into Credit Agreement
Friday, 7 Aug 2020 

Aug 6 (Reuters) - Expedia Group Inc ::EXPEDIA GROUP INC - ON AUGUST 5, CO ENTERED INTO CREDIT AGREEMENT.EXPEDIA GROUP INC - OBLIGATIONS UNDER FOREIGN CREDIT FACILITY ARE UNSECURED.EXPEDIA GROUP INC - AGGREGATE COMMITMENTS UNDER FOREIGN CREDIT FACILITY TOTAL $855 MILLION, AND MATURE ON MAY 31, 2023.EXPEDIA GROUP INC - REDUCED COMMITMENTS UNDER EXISTING CREDIT FACILITY IN AN AMOUNT EQUAL TO $855 MILLION.EXPEDIA GROUP INC - REDUCED PREPAID INDEBTEDNESS UNDER EXISTING CREDIT FACILITY IN AN AMOUNT EQUAL TO $772 MILLION.  Full Article

Expedia Group Reports Qtrly Adj. Loss Per Share $4.09
Friday, 31 Jul 2020 

July 30 (Reuters) - Expedia Group Inc ::QTRLY DILUTED LOSS PER SHARE $5.34.QTRLY REVENUE $ 566 MILLION VERSUS $ 3,153 MILLION LAST YEAR.QTRLY ADJUSTED LOSS PER SHARE $4.09.QTRLY REVENUE, EXCLUDING TRIVAGO, $551 MILLION VERSUS $ 2,990 MILLION LAST YEAR.QTRLY ROOM NIGHT GROWTH DECLINED 81%.FOR THE SECOND QUARTER OF 2020, TOTAL GROSS BOOKINGS DECREASED 90%.EXPEDIA GROUP-IMPAIRMENT CHARGES OF GOODWILL AND INTANGIBLE ASSETS TOTALED $30 MILLION IN THE SECOND QUARTER OF 2020.AIR TICKETS SOLD DECLINED 85% IN THE SECOND QUARTER, REFLECTING THE ADVERSE IMPACT OF COVID-19 ON DEMAND FOR AIR TRAVEL.EXPEDIA GROUP-SAW CONSISTENT IMPROVEMENT IN GROSS BOOKINGS THROUGH MAY AND JUNE WITH CANCELLATIONS MODERATING.Q2 EARNINGS PER SHARE VIEW $-3.34 -- REFINITIV IBES DATA.Q2 REVENUE VIEW $675.3 MILLION -- REFINITIV IBES DATA.  Full Article

Expedia Group Inc Announces Pricing Of Private Offering Of Senior Notes
Wednesday, 8 Jul 2020 

July 7 (Reuters) - Expedia Group Inc ::EXPEDIA GROUP, INC. ANNOUNCES PRICING OF PRIVATE OFFERING OF SENIOR NOTES.AGREED TO SELL $750 MILLION AGGREGATE PRINCIPAL AMOUNT OF UNSECURED 4.625% SENIOR NOTES DUE 2027.AGREED TO SELL $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF UNSECURED 3.600% SENIOR NOTES DUE 2023.2023 NOTES WILL BE ISSUED AT A PRICE OF 99.922% OF AGGREGATE PRINCIPAL AMOUNT.2027 NOTES WILL BE ISSUED AT A PRICE OF 99.997% OF AGGREGATE PRINCIPAL AMOUNT.  Full Article

Expedia Group Announces Proposed Private Offering Of Senior Notes
Tuesday, 7 Jul 2020 

July 7 (Reuters) - Expedia Group Inc ::EXPEDIA GROUP, INC. ANNOUNCES PROPOSED PRIVATE OFFERING OF SENIOR NOTES.EXPEDIA GROUP INC - COMMENCING A PRIVATE OFFERING OF SENIOR UNSECURED NOTES.EXPEDIA GROUP INC - EXPECTS TO USE NET PROCEEDS TO REDEEM OUTSTANDING SHARES OF ITS 9.5% SERIES A PREFERRED STOCK AFTER MAY 5, 2021.  Full Article

Expedia Group Says In Feb. 2020, Korean Fair Trade Commission Issued Request For Information To Co
Thursday, 21 May 2020 

May 21 (Reuters) - Expedia Group Inc ::EXPEDIA GROUP SAYS IN FEB. 2020, KOREAN FAIR TRADE COMMISSION ISSUED REQUEST FOR INFORMATION TO CO - SEC FILING.EXPEDIA GROUP SAYS REQUEST FROM KFTC RELATES TO HOTEL CONTRACTS ENTERED INTO BY EXPEDIA GROUP COMPANIES.  Full Article

Expedia Says Cancellations Still At Elevated Levels, But Have Stabilized - Conf Call
Thursday, 21 May 2020 

May 20 (Reuters) - Expedia Group Inc ::EXPEDIA EXEC SAYS CANCELLATIONS STILL AT ELEVATED LEVELS, BUT HAVE STABILIZED - CONF CALL.EXPEDIA EXEC SAYS LOCAL, REGIONAL, DOMESTIC DEMAND IS COMING BACK STRONGER AND SOONER.EXPEDIA EXEC SAYS CO HAS SEEN NICE GROWTH COMING INTO MAY.EXPEDIA EXEC SAYS CO EXPECTS MONTHLY CASH USAGE DURING THE COVID CRISIS TO BE BELOW $275 MILLION WITHIN NEXT COUPLE OF MONTHS.EXPEDIA EXEC SAYS EXPECTS OVERHEAD EXPENSES TO DECLINE AT A DOUBLE DIGIT PERCENT STARTING IN Q2.  Full Article

Expedia Group Reports Quarterly Loss Per Share Of $9.24
Thursday, 21 May 2020 

May 20 (Reuters) - Expedia Group Inc ::QTRLY LOSS PER SHARE $9.24.QTRLY ADJUSTED LOSS PER SHARE $1.83.QTRLY REVENUE $2,209 MILLION VERSUS $2,609 MILLION.EXPEDIA GROUP - AS PART OF UNPRECEDENTED CUSTOMER SERVICE DEMAND DUE TO COVID-19, EXPEDIA GROUP HANDLED 22 MILLION CUSTOMER CONTACTS OVER 10 WEEK PERIOD.EXPEDIA GROUP - PERCENTAGE OF CANCELLATION INQUIRIES FOR AIR TRAVEL MANAGED WITHOUT AN AGENT INCREASED FROM ABOUT 65% IN FEBRUARY TO OVER 95% IN APRIL.QTRLY GROSS BOOKINGS DECREASED 39% YOY.QTRLY ROOM NIGHT GROWTH WAS A DECLINE OF 14%.EXPEDIA GROUP - AS RESULT OF COVID-19, RECORDED GOODWILL IMPAIRMENT CHARGE OF $765 MILLION IN Q1 2020 LARGELY RELATED TO THE VRBO AND TRIVAGO BUSINESSES.EXPEDIA GROUP - IN CONNECTION WITH RESTRUCTURING ACTIONS ANNOUNCED IN LATE FEBRUARY, RECOGNIZED $75 MILLION IN CHARGES IN Q1.EXPEDIA GROUP - DUE TO IMPACT OF COVID-19, TOOK INTANGIBLE ASSET IMPAIRMENT CHARGE OF $121 MILLION IN Q1 RELATED TO INDEFINITE-LIVED TRADE NAMES IMPACTED.EXPEDIA GROUP - CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS TOTALED $4.1 BILLION AT MARCH 31, 2020.EXPEDIA GROUP - SUSPENDED FUTURE QUARTERLY DIVIDENDS, AT LEAST UNTIL CURRENT ECONOMIC AND OPERATING ENVIRONMENT IMPROVES.Q1 EARNINGS PER SHARE VIEW $-1.23, REVENUE VIEW $2.20 BILLION -- REFINITIV IBES DATA.QTRLY REVENUE FOR EXPEDIA GROUP (EXCLUDING TRIVAGO) $2,106 MILLION VERSUS $2,457 MILLION.  Full Article

Expedia Says Has Been Shifting To A Platform Operating Model
Tuesday, 19 May 2020 

May 18 (Reuters) - Expedia Group Inc ::EXPEDIA GROUP - HAS BEEN SHIFTING TO A PLATFORM OPERATING MODEL, WITH A GLOBAL TRAVEL SUPPLY DIVISION AND A PRODUCT AND TECHNOLOGY PLATFORM DIVISION.EXPEDIA GROUP SAYS NO LONGER OPERATE CO'S BRANDS SEPARATELY, AND NOW MANAGE CO WITH A FOCUS ON DIFFERENT TYPES OF END CUSTOMERS.  Full Article

Expedia Group Announces Pricing Of Private Offering Of Senior Notes
Friday, 24 Apr 2020 

April 23 (Reuters) - Expedia Group Inc ::EXPEDIA GROUP, INC. ANNOUNCES PRICING OF PRIVATE OFFERING OF SENIOR NOTES.AGREED TO SELL $2 BILLION AGGREGATE PRINCIPAL AMOUNT OF UNSECURED 6.250% SENIOR NOTES DUE 2025.AGREED TO SELL $750 MILLION AGGREGATE PRINCIPAL AMOUNT OF UNSECURED 7.000% SENIOR NOTES DUE 2025.6.250% NOTES WILL BE ISSUED AT A PRICE OF 100% OF AGGREGATE PRINCIPAL AMOUNT.7.000% NOTES WILL BE ISSUED AT A PRICE OF 100% OF AGGREGATE PRINCIPAL AMOUNT.EXPEDIA -EXPECTS TO USE NET PROCEEDS FOR GENERAL CORPORATE PURPOSES, WHICH MAY INCLUDE, REPAYMENT OR REDEMPTION OF CO'S 5.95% SENIOR NOTES DUE 2020.  Full Article

Statement From Expedia Group Chairman Barry Diller
Thursday, 23 Apr 2020 

April 23 (Reuters) - Expedia Group Inc ::STATEMENT FROM EXPEDIA GROUP CHAIRMAN BARRY DILLER.EXPEDIA GROUP INC - PETER KERN IS NAMED CHIEF EXECUTIVE OFFICER OF EXPEDIA GROUP.EXPEDIA GROUP INC - ERIC HART IS NAMED EXPEDIA GROUP'S CHIEF FINANCIAL OFFICER.EXPEDIA GROUP INC - CHAIRMAN, CHIEF EXECUTIVE OFFICER AND MEMBERS OF BOARD WILL FORGO CASH COMPENSATION FOR REMAINDER OF YEAR.EXPEDIA GROUP INC - WILL BE IMPLEMENTING FURLOUGHS AND REDUCED WORK WEEK PROGRAMS FOR SELECT VOLUME-BASED TEAMS WITH LIMITED WORK RIGHT NOW.EXPEDIA GROUP INC - 401(K) MATCHING CONTRIBUTIONS IN U.S. WILL BE SUSPENDED THROUGH END OF YEAR.EXPEDIA GROUP INC - SENIOR EXECUTIVES, TRAVEL LEADERSHIP TEAM WILL BE TAKING A REDUCTION IN SALARY OF 25% FOR BALANCE OF YEAR.EXPEDIA - WILL OFFER VOLUNTARY REDUCED WORK WEEK PROGRAM FOR PARENTS, CAREGIVERS & EMPLOYEES WITH PERSONAL NEEDS TO TAKE A TEMPORARY SHORTENED 3-DAY WORK WEEK.EXPEDIA GROUP INC - UNABLE TO MAKE ANY PREDICTIONS AS TO WHEN TRAVEL WILL REBOUND.EXPEDIA GROUP INC - STEPS ON FURLOUGH AND REDUCED WORK WEEK PROGRAMS AND VOLUNTARY REDUCED WORK WEEKS WILL BE ACTIVE THROUGH AUGUST 31.EXPEDIA GROUP INC - CEASING DIVIDENDS UNTIL BUSINESS REBOUNDS.EXPEDIA GROUP INC - WILL SUPPORT EMPLOYEES BY PARTICIPATING IN GOVERNMENT AID WHERE FEASIBLE IN DIFFERENT COUNTRIES.EXPEDIA GROUP INC - SINCE CRISIS BEGAN, HAD LIMITED ONLINE TOOLS TO SUPPORT WIDESPREAD CANCELLATIONS AND CALL VOLUME SPIKED 500%.  Full Article

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Fed adds Apple, Anheuser-Busch, Expedia to its bond holdings

The U.S. Federal Reserve added $1.33 billion in bonds of individual companies from June 22 to June 30, including iPhone maker Apple Inc, beer-producer Anheuser-Busch and travel booker Expedia Group.