XML 38 R25.htm IDEA: XBRL DOCUMENT v3.22.2.2

Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Operating Segment Information

The following tables present our segment information for the three and nine months ended September 30, 2022 and 2021. As a significant portion of our property and equipment is not allocated to our operating segments and depreciation is not included in our segment measure, we do not report the assets by segment as it would not be meaningful. We do not regularly provide such information to our chief operating decision makers.

			Three months ended September 30, 2022
			Retail						B2B						trivago						Corporate & Eliminations						Total
			(In millions)
Third-party revenue			$	2,707					$	788					$	124					$	—					$	3,619
Intersegment revenue			—						—						61						(61)						—
Revenue			$	2,707					$	788					$	185					$	(61)					$	3,619
Adjusted EBITDA			$	943					$	221					$	34					$	(119)					$	1,079
Depreciation			(126)						(22)						(2)						(26)						(176)
Amortization of intangible assets			—						—						—						(23)						(23)
Impairment of intangible assets			—						—						—						(52)						(52)
Stock-based compensation			—						—						—						(97)						(97)
Realized (gain) loss on revenue hedges			10						6						—						—						16
Operating income			$	827					$	205					$	32					$	(317)					747
Other expense, net																											(57)
Income before income taxes																											690
Provision for income taxes																											(214)
Net income																											476
Net loss attributable to non-controlling interests																											6
Net income attributable to Expedia Group, Inc.																											$	482

			Three months ended September 30, 2021
			Retail						B2B						trivago						Corporate & Eliminations						Total
			(In millions)
Third-party revenue			$	2,351					$	490					$	121					$	—					$	2,962
Intersegment revenue			—						—						42						(42)						—
Revenue			$	2,351					$	490					$	163					$	(42)					$	2,962
Adjusted EBITDA			$	879					$	74					$	18					$	(116)					$	855
Depreciation			(130)						(24)						(3)						(20)						(177)
Amortization of intangible assets			—						—						—						(24)						(24)
Stock-based compensation			—						—						—						(116)						(116)
Legal reserves, occupancy tax and other			—						—						—						(10)						(10)
Restructuring and related reorganization charges			—						—						—						(12)						(12)
Realized (gain) loss on revenue hedges			8						—						—						—						8
Operating income			$	757					$	50					$	15					$	(298)					524
Other expense, net																											(59)
Income before income taxes																											465
Provision for income taxes																											(87)
Net income																											378
Net income attributable to non-controlling interests																											(2)
Net income attributable to Expedia Group, Inc.																											376
Preferred stock dividend																											(14)
Net income attributable to Expedia Group, Inc. common stockholders																											$	362

			Nine months ended September 30, 2022
			Retail						B2B						trivago						Corporate & Eliminations						Total
			(In millions)
Third-party revenue			$	6,867					$	1,870					$	312					$	—					$	9,049
Intersegment revenue			—						—						143						(143)						—
Revenue			$	6,867					$	1,870					$	455					$	(143)					$	9,049
Adjusted EBITDA			$	1,713					$	457					$	92					$	(362)					$	1,900
Depreciation			(381)						(62)						(7)						(77)						(527)
Amortization of intangible assets			—						—						—						(66)						(66)
Impairment of intangible assets			—						—						—						(81)						(81)
Stock-based compensation			—						—						—						(280)						(280)
Legal reserves, occupancy tax and other			—						—						—						(23)						(23)
Realized (gain) loss on revenue hedges			25						9						—						—						34
Operating income			$	1,357					$	404					$	85					$	(889)					957
Other expense, net																											(602)
Income before income taxes																											355
Provision for income taxes																											(187)
Net income																											168
Net loss attributable to non-controlling interests																											7
Net income attributable to Expedia Group, Inc.																											$	175

			Nine months ended September 30, 2021
			Retail						B2B						trivago						Corporate & Eliminations						Total
			(In millions)
Third-party revenue			$	5,091					$	979					$	249					$	—					$	6,319
Intersegment revenue			—						—						75						(75)						—
Revenue			$	5,091					$	979					$	324					$	(75)					$	6,319
Adjusted EBITDA			$	1,301					$	13					$	19					$	(335)					$	998
Depreciation			(396)						(78)						(8)						(56)						(538)
Amortization of intangible assets			—						—						—						(77)						(77)
Stock-based compensation			—						—						—						(319)						(319)
Legal reserves, occupancy tax and other			—						—						—						(1)						(1)
Restructuring and related reorganization charges			—						—						—						(54)						(54)
Realized (gain) loss on revenue hedges			14						—						—						—						14
Operating income (loss)			$	919					$	(65)					$	11					$	(842)					23
Other expense, net																											(532)
Loss before income taxes																											(509)
Provision for income taxes																											129
Net loss																											(380)
Net loss attributable to non-controlling interests																											6
Net loss attributable to Expedia Group, Inc.																											(374)
Preferred stock dividend																											(64)
Loss on redemption of preferred stock																											(107)
Net loss attributable to Expedia Group, Inc. common stockholders																											$	(545)

Schedule of Revenue by Services

The following table presents revenue by business model and service type:

			Three months ended September 30,												Nine months ended September 30,
			2022						2021						2022						2021
			(in millions)
Business Model:
Merchant			$	2,427					$	1,923					$	6,037					$	4,057
Agency			935						800						2,309						1,696
Advertising, media and other			257						239						703						566
Total revenue			$	3,619					$	2,962					$	9,049					$	6,319
Service Type:
Lodging			$	2,881					$	2,300					$	6,891					$	4,736
Air			100						61						269						189
Advertising and media			222						202						601						451
Other(1)			416						399						1,288						943
Total revenue			$	3,619					$	2,962					$	9,049					$	6,319

____________________________

(1)Other includes car rental, insurance, destination services, cruise and fee revenue related to our corporate travel business prior to our sale of Egencia in November 2021, among other revenue streams, none of which are individually material.

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

+ Details

Name:	us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration