Financials Expedia Group, Inc.

Equities

EXPE

US30212P3038

Leisure & Recreation

Real-time Estimate Cboe BZX Other stock markets 09:01:26 16/07/2025 pm IST			5-day change	1st Jan Change
177.70 ^USD	-0.72%		+1.51%	-4.07%

07/07	Wells Fargo Adjusts Price Target on Expedia Group to $178 From $149, Maintains Equalweight Rating	MT
24/06	Truist Adjusts Price Target on Expedia Group to $168 From $175, Maintains Hold Rating	MT

Projected Income Statement: Expedia Group, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	5,199	8,598	11,667	12,839	13,691	14,161	15,046	16,214
Change	-	65.38%	35.69%	10.05%	6.64%	3.43%	6.25%	7.77%
EBITDA ¹	-368	1,477	2,349	2,680	2,934	3,148	3,433	3,797
Change	-	501.36%	59.04%	14.09%	9.48%	7.29%	9.05%	10.61%
EBIT ¹	-2,719	186	1,085	1,033	1,319	1,789	2,057	2,357
Change	-	106.84%	483.33%	-4.79%	27.69%	35.6%	15.01%	14.58%
Interest Paid ¹	-360	-351	-277	-245	-246	-228.1	-213.1	-242
Earnings before Tax (EBT) ¹	-3,151	-38	538	1,018	1,542	1,651	2,073	2,389
Change	-	98.79%	1,515.79%	89.22%	51.47%	7.04%	25.61%	15.22%
Net income ¹	-2,687	-269	352	797	1,234	1,286	1,633	1,960
Change	-	89.99%	230.86%	126.42%	54.83%	4.21%	27%	19.99%
Announcement Date	11/02/21	10/02/22	09/02/23	08/02/24	06/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	566	1,504	920	1,246	2,111	2,962	2,279	2,249	3,181	3,619	2,618	2,665	3,358	3,929	2,887	2,889	3,558	4,060	3,184	2,988	3,704	4,187	3,265	3,144	3,907	4,416	3,480	3,441
Change	-	165.72%	-38.83%	35.43%	69.42%	40.31%	-23.06%	-1.32%	41.44%	13.77%	-27.66%	1.8%	26%	17%	-26.52%	0.07%	23.16%	14.11%	-21.58%	-6.16%	23.96%	13.04%	-22.03%	-3.69%	24.26%	13.04%	-21.19%	-1.14%
EBITDA ¹	-436	304	-160	-58	201	855	479	173	648	1,079	449	185	747	1,216	532	255	786	1,250	643	296	851.2	1,298	704.8	380.7	924.4	1,384	777.8	469.9
Change	-	169.72%	-152.63%	63.75%	446.55%	325.37%	-43.98%	-63.88%	274.57%	66.51%	-58.39%	-58.8%	303.78%	62.78%	-56.25%	-52.07%	208.24%	59.03%	-48.56%	-53.97%	187.58%	52.51%	-45.71%	-45.98%	142.81%	49.72%	-43.8%	-39.59%
EBIT ¹	-849	-113	-463	-369	-132	524	163	-135	345	747	128	-121	443	607	104	-110	451	762	216	-70	522.5	964.4	374.9	-14.23	588.6	1,045	433	-
Change	-	86.69%	-309.73%	20.3%	64.23%	496.97%	-68.89%	-182.82%	355.56%	116.52%	-82.86%	-194.53%	466.12%	37.02%	-82.87%	-205.77%	510%	68.96%	-71.65%	-132.41%	846.44%	84.56%	-61.12%	-103.8%	4,235.76%	77.57%	-58.57%	-
Charge d'intérêts ¹	-95	-113	-102	-98	-83	-86	-84	-81	-73	-63	-60	-61	-61	-62	-61	-62	-61	-61	-62	-58	-58.2	-57.33	-55.33	-56.24	-57.44	-59.24	-58.24	-
Earnings before Tax (EBT) ¹	-953	-224	-495	-750	-224	465	471	-208	-127	690	183	-61	464	444	171	-155	488	874	335	-217	521.3	963.8	364.9	-33.28	577	1,036	414.1	-
Change	-	76.5%	-120.98%	-51.52%	70.13%	307.59%	1.29%	-144.16%	38.94%	643.31%	-73.48%	-133.33%	860.66%	-4.31%	-61.49%	-190.64%	414.84%	79.1%	-61.67%	-164.78%	340.25%	84.88%	-62.14%	-109.12%	1,833.94%	79.51%	-60.02%	-
Net income ¹	-753	-221	-412	-606	-301	362	276	-122	-185	482	177	-145	385	425	132	-135	386	684	299	-200	422.6	782.8	296.1	-24.92	445.9	807.3	333.9	226.3
Change	-	70.65%	-86.43%	-47.09%	50.33%	220.27%	-23.76%	-144.2%	-51.64%	360.54%	-63.28%	-181.92%	365.52%	10.39%	-68.94%	-202.27%	385.93%	77.2%	-56.29%	-166.89%	311.32%	85.23%	-62.18%	-108.42%	1,889.4%	81.06%	-58.64%	-32.22%
Announcement Date	30/07/20	04/11/20	11/02/21	06/05/21	05/08/21	04/11/21	10/02/22	02/05/22	04/08/22	03/11/22	09/02/23	04/05/23	03/08/23	02/11/23	08/02/24	02/05/24	08/08/24	07/11/24	06/02/25	08/05/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Expedia Group, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	4,829	4,139	341	592	1,783	1,796	1,615	1,073
Change	-	-14.29%	-91.76%	73.61%	201.18%	0.73%	-10.08%	-33.56%
Announcement Date	11/02/21	10/02/22	09/02/23	08/02/24	06/02/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Expedia Group, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	797	673	662	846	756	791.7	812.2	842.9
Change	-	-15.56%	-1.63%	27.79%	-10.64%	4.72%	2.6%	3.78%
Free Cash Flow (FCF) ¹	-4,631	3,075	2,778	1,844	2,329	2,217	2,742	2,708
Change	-	166.4%	-9.66%	-33.62%	26.3%	-4.8%	23.67%	-1.26%
Announcement Date	11/02/21	10/02/22	09/02/23	08/02/24	06/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Expedia Group, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-7.08%	17.18%	20.13%	20.87%	21.43%	22.23%	22.82%	23.42%
EBIT Margin (%)	-52.3%	2.16%	9.3%	8.05%	9.63%	12.63%	13.67%	14.54%
EBT Margin (%)	-60.61%	-0.44%	4.61%	7.93%	11.26%	11.66%	13.78%	14.73%
Net margin (%)	-51.68%	-3.13%	3.02%	6.21%	9.01%	9.08%	10.85%	12.09%
FCF margin (%)	-89.07%	35.76%	23.81%	14.36%	17.01%	15.66%	18.23%	16.7%
FCF / Net Income (%)	172.35%	-1,143.12%	789.2%	231.37%	188.74%	172.42%	167.9%	138.17%
Profitability
ROA	-13.4%	-1.34%	1.63%	6.56%	7.37%	7.15%	8.08%	6.8%
ROE	-45.35%	14.41%	49.4%	74.3%	104.95%	92.02%	108.46%	112.39%
Financial Health
Leverage (Debt/EBITDA)	-13.12x	2.8x	0.15x	0.22x	0.61x	0.57x	0.47x	0.28x
Debt / Free cash flow	-1.04x	1.35x	0.12x	0.32x	0.77x	0.81x	0.59x	0.4x
Capital Intensity
CAPEX / Current Assets (%)	15.33%	7.83%	5.67%	6.59%	5.52%	5.59%	5.4%	5.2%
CAPEX / EBITDA (%)	-216.58%	45.57%	28.18%	31.57%	25.77%	25.15%	23.66%	22.2%
CAPEX / FCF (%)	-17.21%	21.89%	23.83%	45.88%	32.46%	35.7%	29.62%	31.13%
Items per share
Cash flow per share ¹	-27.11	25.03	21.27	17.91	22.37	22.03	25.56	31.78
Change	-	192.33%	-15.04%	-15.8%	24.92%	-1.52%	16.04%	24.32%
Dividend per Share ¹	0.34	-	-	-	-	1.111	1.54	1.408
Change	-	-	-	-	-	-	38.62%	-8.57%
Book Value Per Share ¹	10.68	13.22	14.89	10.21	12.09	14.56	27.27	33.24
Change	-	23.77%	12.7%	-31.44%	18.39%	20.45%	87.3%	21.87%
EPS ¹	-19	-1.8	2.17	5.31	8.95	10.03	13.37	16.59
Change	-	90.53%	220.56%	144.7%	68.55%	12.11%	33.24%	24.11%
Nbr of stocks (in thousands)	1,41,461	1,51,528	1,56,091	1,38,848	1,28,346	1,27,121	1,27,121	1,27,121
Announcement Date	11/02/21	10/02/22	09/02/23	08/02/24	06/02/25	-	-	-