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v3.23.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Schedule of Operating Segment Information | The following tables present our segment information for the three and nine months ended September 30, 2023 and 2022. 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, 2023
| B2C |  | B2B |  | trivago |  | Corporate & Eliminations |  | Total
| (In millions)
Third-party revenue | $ | 2,819 |  |  | $ | 995 |  |  | $ | 115 |  |  | $ | — |  |  | $ | 3,929 |
Intersegment revenue | — |  |  | — |  |  | 57 |  |  | (57) |  |  | — |
Revenue | $ | 2,819 |  |  | $ | 995 |  |  | $ | 172 |  |  | $ | (57) |  |  | $ | 3,929 |
Adjusted EBITDA | $ | 1,056 |  |  | $ | 266 |  |  | $ | 18 |  |  | $ | (124) |  |  | $ | 1,216 |
Depreciation | (137) |  |  | (29) |  |  | (2) |  |  | (26) |  |  | (194) |
Amortization of intangible assets | — |  |  | — |  |  | — |  |  | (14) |  |  | (14) |
Impairment of goodwill | — |  |  | — |  |  | — |  |  | (297) |  |  | (297) |
Impairment of intangible assets | — |  |  | — |  |  | — |  |  | (15) |  |  | (15) |
Stock-based compensation | — |  |  | — |  |  | — |  |  | (105) |  |  | (105) |
Realized (gain) loss on revenue hedges | 16 |  |  | — |  |  | — |  |  | — |  |  | 16 |
Operating income (loss) | $ | 935 |  |  | $ | 237 |  |  | $ | 16 |  |  | $ | (581) |  |  | 607 |
Other expense, net |  |  |  |  |  |  |  |  | (163) |
Income before income taxes |  |  |  |  |  |  |  |  | 444 |
Provision for income taxes |  |  |  |  |  |  |  |  | (139) |
Net income |  |  |  |  |  | 305 |
Net loss attributable to non-controlling interests |  |  |  |  |  | 120 |
Net income attributable to Expedia Group, Inc. |  |  |  |  |  | $ | 425 |
| Three months ended September 30, 2022
| B2C |  | 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 (loss) | $ | 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 |
| Nine months ended September 30, 2023
| B2C |  | B2B |  | trivago |  | Corporate & Eliminations |  | Total
| (In millions)
Third-party revenue | $ | 7,155 |  |  | $ | 2,524 |  |  | $ | 273 |  |  | $ | — |  |  | $ | 9,952 |
Intersegment revenue | — |  |  | — |  |  | 154 |  |  | (154) |  |  | — |
Revenue | $ | 7,155 |  |  | $ | 2,524 |  |  | $ | 427 |  |  | $ | (154) |  |  | $ | 9,952 |
Adjusted EBITDA | $ | 1,857 |  |  | $ | 605 |  |  | $ | 51 |  |  | $ | (365) |  |  | $ | 2,148 |
Depreciation | (393) |  |  | (81) |  |  | (4) |  |  | (77) |  |  | (555) |
Amortization of intangible assets | — |  |  | — |  |  | — |  |  | (44) |  |  | (44) |
Impairment of goodwill | — |  |  | — |  |  | — |  |  | (297) |  |  | (297) |
Impairment of intangible assets | — |  |  | — |  |  | — |  |  | (15) |  |  | (15) |
Stock-based compensation | — |  |  | — |  |  | — |  |  | (314) |  |  | (314) |
Legal reserves, occupancy tax and other | — |  |  | — |  |  | — |  |  | (6) |  |  | (6) |
Realized (gain) loss on revenue hedges | 18 |  |  | (6) |  |  | — |  |  | — |  |  | 12 |
Operating income (loss) | $ | 1,482 |  |  | $ | 518 |  |  | $ | 47 |  |  | $ | (1,118) |  |  | 929 |
Other expense, net |  |  |  |  |  |  |  |  | (82) |
Income before income taxes |  |  |  |  |  |  |  |  | 847 |
Provision for income taxes |  |  |  |  |  |  |  |  | (295) |
Net income |  |  |  |  |  |  |  |  | 552 |
Net loss attributable to non-controlling interests |  |  |  |  |  | 113 |
Net income attributable to Expedia Group, Inc. |  |  |  |  |  | $ | 665 |
| Nine months ended September 30, 2022
| B2C |  | 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 (loss) | $ | 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 |
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,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (in millions)
Business Model: |  |  |  |  |  |  |
Merchant | $ | 2,739 |  |  | $ | 2,427 |  |  | $ | 6,833 |  |  | $ | 6,037 |
Agency | 918 |  |  | 935 |  |  | 2,408 |  |  | 2,309 |
Advertising, media and other | 272 |  |  | 257 |  |  | 711 |  |  | 703 |
Total revenue | $ | 3,929 |  |  | $ | 3,619 |  |  | $ | 9,952 |  |  | $ | 9,049 |
Service Type: |  |  |  |  |  |  |
Lodging | $ | 3,233 |  |  | $ | 2,881 |  |  | $ | 7,960 |  |  | $ | 6,891 |
Air | 100 |  |  | 100 |  |  | 324 |  |  | 269 |
Advertising and media | 240 |  |  | 222 |  |  | 616 |  |  | 601 |
Other(1) | 356 |  |  | 416 |  |  | 1,052 |  |  | 1,288 |
Total revenue | $ | 3,929 |  |  | $ | 3,619 |  |  | $ | 9,952 |  |  | $ | 9,049 |
____________________________ (1)Other includes car rental, insurance, activities and cruise revenue, among other revenue streams, none of which are individually material.

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