Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

The following tables present our segment information for the three and nine months ended September 30, 2020 and 2019. 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, 2020
	Retail		B2B		trivago		Corporate & Eliminations		Total
	(In millions)
Third-party revenue	$	1,246	$	203	$	55	$	—	$	1,504
Intersegment revenue	—		—		15		(15)		—
Revenue	$	1,246	$	203	$	70	$	(15)	$	1,504
Adjusted EBITDA	$	429	$	(52)	$	7	$	(80)	$	304
Depreciation	(136)		(30)		(4)		(13)		(183)
Amortization of intangible assets	—		—		—		(37)		(37)
Impairment of goodwill	—		—		—		(14)		(14)
Impairment of intangible assets	—		—		—		(41)		(41)
Stock-based compensation	—		—		—		(47)		(47)
Legal reserves, occupancy tax and other	—		—		—		(2)		(2)
Restructuring and related reorganization charges	—		—		—		(78)		(78)
Realized (gain) loss on revenue hedges	(15)		—		—		—		(15)
Operating income (loss)	$	278	$	(82)	$	3	$	(312)	(113)
Other expense, net									(111)
Loss before income taxes									(224)
Provision for income taxes									24
Net loss									(200)
Net loss attributable to non-controlling interests									8
Net loss attributable to Expedia Group, Inc.									(192)
Preferred stock dividend									(29)
Net loss attributable to Expedia Group, Inc. common stockholders									$	(221)


	Three months ended September 30, 2019
	Retail		B2B		trivago		Corporate & Eliminations		Total
	(In millions)
Third-party revenue	$	2,613	$	731	$	190	$	24	$	3,558
Intersegment revenue	—		—		89		(89)		—
Revenue	$	2,613	$	731	$	279	$	(65)	$	3,558
Adjusted EBITDA	$	876	$	149	$	12	$	(125)	$	912
Depreciation	(128)		(27)		(3)		(20)		(178)
Amortization of intangible assets	—		—		—		(50)		(50)
Stock-based compensation	—		—		—		(60)		(60)
Legal reserves, occupancy tax and other	—		—		—		(11)		(11)
Restructuring and related reorganization charges	—		—		—		(2)		(2)
Realized (gain) loss on revenue hedges	4		(6)		—		—		(2)
Operating income (loss)	$	752	$	116	$	9	$	(268)	609
Other expense, net									(48)
Income before income taxes									561
Provision for income taxes									(154)
Net income									407
Net loss attributable to non-controlling interests									2
Net income attributable to Expedia Group, Inc.									$	409


	Nine months ended September 30, 2020
	Retail		B2B		trivago		Corporate & Eliminations		Total
	(In millions)
Third-party revenue	$	3,291	$	756	$	173	$	59	$	4,279
Intersegment revenue	—		—		69		(69)		—
Revenue	$	3,291	$	756	$	242	$	(10)	$	4,279
Adjusted EBITDA	$	248	$	(154)	$	(10)	$	(292)	$	(208)
Depreciation	(400)		(96)		(10)		(53)		(559)
Amortization of intangible assets	—		—		—		(122)		(122)
Impairment of goodwill	—		—		—		(799)		(799)
Impairment of intangible assets	—		—		—		(172)		(172)
Stock-based compensation	—		—		—		(156)		(156)
Legal reserves, occupancy tax and other	—		—		—		11		11
Restructuring and related reorganization charges	—		—		—		(206)		(206)
Realized (gain) loss on revenue hedges	(42)		(3)		—		—		(45)
Operating income (loss)	$	(194)	$	(253)	$	(20)	$	(1,789)	(2,256)
Other expense, net									(400)
Loss before income taxes									(2,656)
Provision for income taxes									319
Net loss									(2,337)
Net loss attributable to non-controlling interests									108
Net loss attributable to Expedia Group, Inc.									(2,229)
Preferred stock dividend									(46)
Net loss attributable to Expedia Group, Inc. common stockholders									$	(2,275)


	Nine months ended September 30, 2019
	Retail		B2B		trivago		Corporate & Eliminations		Total
	(In millions)
Third-party revenue	$	6,847	$	1,944	$	505	$	24	$	9,320
Intersegment revenue	—		—		262		(262)		—
Revenue	$	6,847	$	1,944	$	767	$	(238)	$	9,320
Adjusted EBITDA	$	1,619	$	351	$	56	$	(370)	$	1,656
Depreciation	(383)		(81)		(9)		(57)		(530)
Amortization of intangible assets	—		—		—		(154)		(154)
Stock-based compensation	—		—		—		(175)		(175)
Legal reserves, occupancy tax and other	—		—		—		(25)		(25)
Restructuring and related reorganization charges	—		—		—		(16)		(16)
Realized (gain) loss on revenue hedges	(2)		(11)		—		—		(13)
Operating income (loss)	$	1,234	$	259	$	47	$	(797)	743
Other expense, net									(88)
Income before income taxes									655
Provision for income taxes									(161)
Net income									494
Net income attributable to non-controlling interests									(5)
Net income attributable to Expedia Group, Inc.									$	489

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,
	2020		2019		2020		2019
	(in millions)
Business Model:
Merchant	$	1,032	$	1,980	$	2,740	$	5,173
Agency	329		1,177		996		3,066
Advertising, media and other	143		401		543		1,081
Total revenue	$	1,504	$	3,558	$	4,279	$	9,320
Service Type:
Lodging	$	1,229	$	2,575	$	3,258	$	6,468
Air	27		202		67		678
Advertising and media	94		312		322		861
Other(1)	154		469		632		1,313
Total revenue	$	1,504	$	3,558	$	4,279	$	9,320

(1)Other includes car rental, insurance, destination services, cruise and fee revenue related to our corporate travel business, among other revenue streams, none of which are individually material. Other also includes product revenue of $59 million during the nine months ended September 30, 2020 and $24 million during the three and nine months ended September 30, 2019 related to Bodybuilding.com, which was sold in May 2020.