Expedia (EXPE) FY24Q1 Earning Viz

Expedia Group, Inc. is an American travel technology company that owns and operates travel fare aggregators and travel metasearch engines, including Expedia, Hotels.com, Vrbo, Travelocity, Hotwire.com, Orbitz, Ebookers, CheapTickets, CarRentals.com, Expedia Cruises, Wotif, and Trivago. Over 3 million lodging facilities and flights on over 500 airlines are bookable on the company’s websites. It has 16,500 employees, and its headquarters are located in Seattle, Washington.

• Expedia Group reported a Q1 2024 revenue of $2.81 billion, with mixed expectations and a consensus EPS estimate of -$0.16. The company highlighted a strong first quarter revenue and profitability, with revenue growing 8% year-over-year and margin expansion.
• Expedia Group ended Q1 2024 with $212.4 million in cash, maintaining a strong liquidity position to support operations for at least the next 12 months.
• Accelerated level of share repurchases at $786 million year-to-date.
• The company is lowering its full year guidance due to lower-than-expected growth in gross bookings in the first quarter and trends seen in the second quarter, particularly in Vrbo.
• Early investment in GenAI is seen as beneficial for learning and driving new things for customers.
• The transition of CEO from Peter Kern to…