XML 42 R28.htm IDEA: XBRL DOCUMENT v3.25.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Operating Segment Information
The following tables present our segment information for the three and six months ended June 30, 2025 and 2024. 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 June 30, 2025
 B2CB2BtrivagoCorporate &
Eliminations
Total
 (In millions)
Third-party revenue$2,479 $1,209 $98 $— $3,786 
Intersegment revenue— — 60 (60)— 
Revenue$2,479 $1,209 $158 $(60)$3,786 
Less: (1)
Cost of revenue340 28 
Selling and marketing - direct1,092 752 136 (60)
Other segment items (2)
319 98 24 145 
Adjusted EBITDA$728 $331 $(6)$(145)$908 
Depreciation(138)(45)(1)(28)(212)
Amortization of intangible assets— — — (11)(11)
Stock-based compensation— — — (105)(105)
Legal reserves, occupancy tax and other— — — (2)(2)
Restructuring and related reorganization charges, excluding stock-based compensation— — — (41)(41)
Realized (gain) loss on revenue hedges(22)(30)— — (52)
Operating income (loss)$568 $256 $(7)$(332)485 
Other expense, net(62)
Income before income taxes423 
Provision for income taxes(101)
Net income322 
Net loss attributable to non-controlling interests
Net income attributable to Expedia Group, Inc.$330 
 Three months ended June 30, 2024
 B2CB2BtrivagoCorporate &
Eliminations
Total
 (In millions)
Third-party revenue$2,432 $1,049 $77 $— $3,558 
Intersegment revenue— — 51 (51)— 
Revenue$2,432 $1,049 $128 $(51)$3,558 
Less: (1)
Cost of revenue326 27 
Selling and marketing - direct1,101 637 106 (51)
Other segment items (2)
351 122 23 126 
Adjusted EBITDA$654 $263 $(5)$(126)$786 
Depreciation(129)(34)(1)(26)(190)
Amortization of intangible assets— — — (15)(15)
Stock-based compensation— — — (114)(114)
Legal reserves, occupancy tax and other— — — (21)(21)
Restructuring and related reorganization charges, excluding stock-based compensation— — — (10)(10)
Realized (gain) loss on revenue hedges— — 15 
Operating income (loss)$533 $236 $(6)$(312)451 
Other income, net37 
Income before income taxes488 
Provision for income taxes(113)
Net income375 
Net loss attributable to non-controlling interests11 
Net income attributable to Expedia Group, Inc.$386 
 Six months ended June 30, 2025
 B2CB2BtrivagoCorporate &
Eliminations
Total
 (In millions)
Third-party revenue$4,435 $2,156 $183 $— $6,774 
Intersegment revenue— — 106 (106)— 
Revenue$4,435 $2,156 $289 $(106)$6,774 
Less: (1)
Cost of revenue652 66 — 
Selling and marketing - direct2,207 1,329 247 (106)
Other segment items (2)
631 214 45 277 
Adjusted EBITDA$945 $547 $(11)$(277)$1,204 
Depreciation(273)(89)(2)(56)(420)
Amortization of intangible assets— — — (22)(22)
Stock-based compensation— — — (203)(203)
Legal reserves, occupancy tax and other— — — (2)(2)
Restructuring and related reorganization charges, excluding stock-based compensation— — — (67)(67)
Realized (gain) loss on revenue hedges(37)(38)— — (75)
Operating income (loss)$635 $420 $(13)$(627)415 
Other expense, net(209)
Income before income taxes206 
Provision for income taxes(81)
Net income125 
Net loss attributable to non-controlling interests
Net income attributable to Expedia Group, Inc.$130 
 Six months ended June 30, 2024
 B2CB2BtrivagoCorporate &
Eliminations
Total
 (In millions)
Third-party revenue$4,418 $1,882 $147 $— $6,447 
Intersegment revenue— — 91 (91) 
Revenue$4,418 $1,882 $238 $(91)$6,447 
Less: (1)
Cost of revenue638 66 
Selling and marketing - direct2,197 1,138 199 (91)
Other segment items (2)
714 243 45 249 
Adjusted EBITDA$869 $435 $(14)$(249)$1,041 
Depreciation(262)(68)(2)(53)(385)
Amortization of intangible assets— — — (30)(30)
Stock-based compensation— — — (218)(218)
Legal reserves, occupancy tax and other— — — (41)(41)
Restructuring and related reorganization charges, excluding stock-based compensation— — — (58)(58)
Realized (gain) loss on revenue hedges21 11 — — 32 
Operating income (loss)$628 $378 $(16)$(649)341 
Other expense, net(8)
Income before income taxes333 
Provision for income taxes(94)
Net income239 
Net loss attributable to non-controlling interests12 
Net income attributable to Expedia Group, Inc.$251 
___________________________________

(1)     The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODMs, exclusive of stock-based compensation. Intersegment expenses are included within the amounts shown.
(2)     Other segment items for each reportable segment primarily includes selling and marketing - indirect, technology and content and general and administrative expenses as well as the realized foreign currency gains or losses related to the forward contracts hedging a component of our net merchant lodging revenue for our B2C and B2B segments.
Schedule of Revenue by Services
The following table presents revenue by business model and service type:
Three months ended
June 30,
Six months ended
June 30,
2025202420252024
(in millions)
Business Model:
Merchant $2,624 $2,459 $4,670 $4,423 
Agency852 838 1,504 1,516 
Advertising, media and other310 261 600 508 
Total revenue
$3,786 $3,558 $6,774 $6,447 
Service Type:
Lodging$3,040 $2,862 $5,329 $5,090 
Air105 111 212 226 
EG Advertising(1)
182 152 356 297
trivago Advertising98 77 183 147
Other(2)
361 356 694 687 
Total revenue
$3,786 $3,558 $6,774 $6,447 
____________________________
(1)Includes Expedia Group (“EG”) Advertising, which is responsible for generating advertising revenue on our global online travel brands.
(2)Other includes revenue from insurance, car rental, activities and cruise revenue, among other revenue streams, none of which are individually material.