Expedia Group Files 2024 10-K
Ticker: EXPE · Form: 10-K · Filed: Feb 7, 2025 · CIK: 1324424
Sentiment: neutral
Topics: 10-K, annual-report, financials
TL;DR
Expedia's 2024 10-K is in. Full financials and biz details for the year ending Dec 31, 2024.
AI Summary
Expedia Group, Inc. filed its 2024 10-K report on February 7, 2025, detailing its financial performance for the fiscal year ending December 31, 2024. The company, headquartered in Seattle, WA, operates within the transportation services sector. Key financial data and business operations for the period are outlined in this comprehensive filing.
Why It Matters
This filing provides investors and analysts with a detailed overview of Expedia's financial health, operational performance, and strategic direction for the past fiscal year, crucial for understanding the company's market position.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.
Key Numbers
- 2024 — Fiscal Year (The primary year covered by the 10-K report.)
- 1231 — Fiscal Year End (Indicates the end date of the reporting period.)
- 001-37429 — SEC File Number (Unique identifier for Expedia's filings with the SEC.)
Key Players & Entities
- Expedia Group, Inc. (company) — Filer of the 10-K
- Seattle, WA (location) — Company headquarters and mailing address
- 2024-12-31 (date) — Fiscal year end
- 2025-02-07 (date) — Filing date
FAQ
What were Expedia Group's total revenues for the fiscal year ended December 31, 2024?
The filing indicates the fiscal year ended December 31, 2024, but specific revenue figures are not detailed in the provided snippet.
What is the company's primary industry classification?
Expedia Group, Inc. is classified under TRANSPORTATION SERVICES [4700].
When was Expedia Group, Inc. incorporated?
The state of incorporation is Delaware (DE).
What is the company's main business address?
The business address is 1111 Expedia Group Way W., Seattle, WA 98119.
What was the previous name of Expedia Group, Inc.?
The former company name was Expedia, Inc., with a date of name change on April 20, 2005.
Filing Stats: 4,408 words · 18 min read · ~15 pages · Grade level 15.4 · Accepted 2025-02-06 17:35:23
Key Financial Figures
- $0.0001 — nge on which registered Common stock, $0.0001 par value EXPE Nasdaq Stock Market LL
- $2.2 — tours and activities, at approximately $2.2 trillion in 2025. Our focus is to: lev
- $13.7 b — ember 31, 2024, we had total revenue of $13.7 billion, with merchant, agency and advert
Filing Documents
- expe-20241231.htm (10-K) — 2403KB
- q42024ex-41.htm (EX-4.1) — 12KB
- q42024ex-19.htm (EX-19) — 44KB
- q42024ex-21.htm (EX-21) — 12KB
- q42024ex-22.htm (EX-22) — 11KB
- q42024ex-231.htm (EX-23.1) — 5KB
- q42024ex-311.htm (EX-31.1) — 9KB
- q42024ex-312.htm (EX-31.2) — 9KB
- q42024ex-313.htm (EX-31.3) — 9KB
- q42024ex-321.htm (EX-32.1) — 4KB
- q42024ex-322.htm (EX-32.2) — 4KB
- q42024ex-323.htm (EX-32.3) — 4KB
- expe-20241231_g1.gif (GRAPHIC) — 14KB
- 0001324424-25-000008.txt ( ) — 12999KB
- expe-20241231.xsd (EX-101.SCH) — 78KB
- expe-20241231_cal.xml (EX-101.CAL) — 132KB
- expe-20241231_def.xml (EX-101.DEF) — 461KB
- expe-20241231_lab.xml (EX-101.LAB) — 1036KB
- expe-20241231_pre.xml (EX-101.PRE) — 734KB
- expe-20241231_htm.xml (XML) — 2043KB
Risk Factors
Item 1A Risk Factors 8
Unresolved Staff Comments
Item 1B Unresolved Staff Comments 23
Cybersecurity
Item 1C Cybersecurity 24
Properties
Item 2 Properties 25
Legal Proceedings
Item 3 Legal Proceedings 26
Mine Safety Disclosures
Item 4 Mine Safety Disclosures 27 Part II
Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 28
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 7 Management's Discussion and Analysis of Financial Condition and Results of Operations 29
Quantitative and Qualitative Disclosures About Market Risk
Item 7A Quantitative and Qualitative Disclosures About Market Risk 45
Consolidated Financial Statements and Supplementary Data
Item 8 Consolidated Financial Statements and Supplementary Data 46
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 46
Controls and Procedures
Item 9A Controls and Procedures 46
Other Information
Item 9B Other Information 49
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
Item 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 49 Part III
Directors, Executive Officers and Corporate Governance
Item 10 Directors, Executive Officers and Corporate Governance 49
Executive Compensation
Item 11 Executive Compensation 49
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Item 12 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 49
Certain Relationships and Related Transactions, and Director Independence
Item 13 Certain Relationships and Related Transactions, and Director Independence 49
Principal Accountant Fees and Services
Item 14 Principal Accountant Fees and Services 50 Part IV
Exhibits, Consolidated Financial Statements and Financial Statement Schedules
Item 15 Exhibits, Consolidated Financial Statements and Financial Statement Schedules 50
Form 10-K Summary
Item 16 Form 10-K Summary 53
Signatures
Signatures 54 Table of Contents Expedia Group, Inc. Form 10-K For the Year Ended December 31, 2024 Note About Forward-Looking Statements This Annual Report on Form 10-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the views of our management regarding current expectations and projections about future events and are based on currently available information. Actual results could differ materially from those contained in these forward-looking statements for a variety of reasons, including, but not limited to, those discussed in the section entitled "Risk Factors" as well as those discussed elsewhere in this report. Other unknown or unpredictable factors also could have a material adverse effect on our business, financial condition and results of operations. Accordingly, readers should not place undue reliance on these forward-looking statements. The use of words such as "anticipates," "believes," "could," "estimates," "expects," "goal," "intends," "likely," "may," "plans," "potential," "predicts," "projected," "seeks," "should" and "will," or the negative of these terms or other similar expressions, among others, generally identify forward-looking statements; however, these words are not the exclusive means of identifying such statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. We are not under any obligation to, and do not intend to, publicly update or review any of these forward-looking statements, whether as a result of new information, future events or otherwise, even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements
Item 1. Business
Part I. Item 1. Business Overview Expedia Group, Inc. is an online travel company, and our mission is to power global travel for everyone, everywhere. We believe travel is a force for good. Travel is an essential human experience that strengthens connections, broadens horizons and bridges divides. We leverage our supply portfolio, platform and technology capabilities across an extensive portfolio of consumer brands, and provide solutions to our business partners, to empower travelers to efficiently research, plan, book and experience travel. At the end of 2024, we had over 3.5 million lodging properties available, including over 2.5 million online bookable alternative accommodations listings through Vrbo, over 1 million hotels and alternative accommodations through our other brands, over 500 airlines, packages, rental cars, cruises, insurance, as well as activities and experiences. Travel suppliers distribute and market products via our apps, desktop and mobile offerings, as well as through alternative distribution channels, our business partnerships and our call centers in order to reach our extensive global audience. In addition, our advertising and media businesses help other businesses, primarily travel providers, reach a large multi-platform audience of travelers around the globe. Historical Development Over 25 years ago, we began operations as one of the first online travel agencies ("OTAs") and played a significant role in revolutionizing and democratizing travel, by empowering customers to manage their own travel plans. We did so by building and then leveraging proprietary technology to connect partners and their respective inventory to those travelers, while unlocking the marketplace for travel to other businesses as well. Since then, the travel industry has experienced significant transformation, including the material shift from offline to online travel booking. This transformation led to many years of exciting growth for OTAs along with increased c