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Segment Information
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
We have the following reportable segments: B2C, B2B, and trivago. Our B2C segment provides a full range of travel and advertising services to our worldwide customers through a variety of consumer brands including: Expedia.com, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com. Our B2B segment fuels a wide range of travel and non-travel companies including airlines, offline travel agents, online retailers, corporate travel management and financial institutions, who leverage our leading travel technology and tap into our diverse supply to augment their offerings and market Expedia Group rates and availabilities to their travelers. Our trivago segment generates advertising revenue primarily from sending referrals to online travel companies and travel service providers from its hotel metasearch websites. trivago is a separately listed company on the Nasdaq Global Select Market and is therefore required to separately report its own financial results, which may differ from the segment information included herein.
Our chief operating decision makers ("CODMs") are our Chief Executive Officer and our Chairman. We determined our operating segments based on how our chief operating decision makers manage our business, make operating decisions and evaluate operating performance. Our primary operating metric is Adjusted EBITDA. Adjusted EBITDA for our B2C and B2B segments includes allocations of certain expenses, primarily related to our global travel supply organization and the majority of costs from our product and technology platform, as well as facility costs and the realized foreign currency gains or losses related to the forward contracts hedging a component of our net merchant lodging revenue. We base the allocations primarily on transaction volumes and other usage metrics. We do not allocate certain shared expenses such as accounting, human resources, certain information technology and legal to our reportable segments. We include these expenses in Corporate and Eliminations. Our allocation methodology is periodically evaluated and may change.
Our CODMs use Adjusted EBITDA to allocate resources for each segment predominantly in the annual budget and forecasting process. The CODMs consider budget-to-actual variances on a monthly basis using Adjusted EBITDA when making decisions about allocating capital and personnel to the segments. The CODMs also use Adjusted EBITDA to assess the performance for each segment and in the compensation of certain employees.
Our segment disclosure includes intersegment revenues, which primarily consist of advertising and media services provided by our trivago segment to our B2C segment. These intersegment transactions are recorded by each segment at amounts that approximate fair value as if the transactions were between third parties, and therefore, impact segment performance. However, the revenue and corresponding expense are eliminated in consolidation. The elimination of such intersegment transactions is included within Corporate and Eliminations in the table below.
Corporate and Eliminations also includes unallocated corporate functions and expenses. In addition, we record amortization of intangible assets and any related impairment, as well as stock-based compensation expense, restructuring and related reorganization charges, legal reserves, occupancy tax and other, and other items excluded from segment operating performance in Corporate and Eliminations. Such amounts are detailed in our segment reconciliation below.
The following tables present our segment information for the three and nine months ended September 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 September 30, 2025
 B2CB2BtrivagoCorporate &
Eliminations		Total
 (In millions)
Third-party revenue$2,883 $1,392 $137 $— $4,412 
Intersegment revenue— — 57 (57)— 
Revenue$2,883 $1,392 $194 $(57)$4,412 
Less: (1)
Cost of revenue347 18 6 
Selling and marketing - direct1,032 855 146 (57)
Other segment items (2)
330 117 25 144 
Adjusted EBITDA$1,174 $402 $17 $(144)$1,449 
Depreciation(135)(49)(2)(29)(215)
Amortization of intangible assets— — — (10)(10)
Stock-based compensation— — — (90)(90)
Legal reserves, occupancy tax and other— — — (86)(86)
Restructuring and related reorganization charges, excluding stock-based compensation— — — (6)(6)
Realized (gain) loss on revenue hedges6 (12)— — (6)
Operating income (loss)$1,045 $341 $15 $(365)1,036 
Other expense, net95 
Income before income taxes1,131 
Provision for income taxes(167)
Net income964 
Net loss attributable to non-controlling interests(5)
Net income attributable to Expedia Group, Inc.$959 
 Three months ended September 30, 2024
 B2CB2BtrivagoCorporate &
Eliminations		Total
 (In millions)
Third-party revenue$2,780 $1,178 $102 $— $4,060 
Intersegment revenue— — 58 (58)— 
Revenue$2,780 $1,178 $160 $(58)$4,060 
Less: (1)
Cost of revenue359 21 5 
Selling and marketing - direct1,072 721 120 (58)
Other segment items (2)
321 98 21 130 
Adjusted EBITDA$1,028 $338 $14 $(130)$1,250 
Depreciation(133)(37)(1)(26)(197)
Amortization of intangible assets— — — (14)(14)
Impairment of intangible assets— — — (33)(33)
Stock-based compensation— — — (147)(147)
Legal reserves, occupancy tax and other— — — (59)(59)
Restructuring and related reorganization charges, excluding stock-based compensation— — — (6)(6)
Realized (gain) loss on revenue hedges(16)(16)— — (32)
Operating income (loss)$879 $285 $13 $(415)762 
Other income, net112 
Income before income taxes874 
Provision for income taxes(190)
Net income684 
Net loss attributable to non-controlling interests— 
Net income attributable to Expedia Group, Inc.$684 
 Nine months ended September 30, 2025
 B2CB2BtrivagoCorporate &
Eliminations		Total
 (In millions)
Third-party revenue$7,318 $3,548 $320 $— $11,186 
Intersegment revenue— — 163 (163)— 
Revenue$7,318 $3,548 $483 $(163)$11,186 
Less: (1)
Cost of revenue999 84 14 — 
Selling and marketing - direct3,239 2,184 393 (163)
Other segment items (2)
961 331 70 421 
Adjusted EBITDA$2,119 $949 $6 $(421)$2,653 
Depreciation(408)(138)(4)(85)(635)
Amortization of intangible assets— — — (32)(32)
Stock-based compensation— — — (293)(293)
Legal reserves, occupancy tax and other— — — (88)(88)
Restructuring and related reorganization charges, excluding stock-based compensation— — — (73)(73)
Realized (gain) loss on revenue hedges(31)(50)— — (81)
Operating income (loss)$1,680 $761 $2 $(992)1,451 
Other expense, net(114)
Income before income taxes1,337 
Provision for income taxes(248)
Net income1,089 
Net loss attributable to non-controlling interests— 
Net income attributable to Expedia Group, Inc.$1,089 
 Nine months ended September 30, 2024
 B2CB2BtrivagoCorporate &
Eliminations		Total
 (In millions)
Third-party revenue$7,198 $3,060 $249 $— $10,507 
Intersegment revenue— — 149 (149)— 
Revenue$7,198 $3,060 $398 $(149)$10,507 
Less: (1)
Cost of revenue997 87 13 
Selling and marketing - direct3,269 1,859 319 (149)
Other segment items (2)
1,035 341 66 379 
Adjusted EBITDA$1,897 $773 $— $(379)$2,291 
Depreciation(395)(104)(4)(79)(582)
Amortization of intangible assets— — — (44)(44)
Impairment of intangible assets— — — (33)(33)
Stock-based compensation— — — (365)(365)
Legal reserves, occupancy tax and other— — — (100)(100)
Restructuring and related reorganization charges, excluding stock-based compensation— — — (64)(64)
Realized (gain) loss on revenue hedges5 (5)— — — 
Operating income (loss)$1,507 $664 $(4)$(1,064)1,103 
Other expense, net104 
Income before income taxes1,207 
Provision for income taxes(284)
Net income923 
Net loss attributable to non-controlling interests12 
Net income attributable to Expedia Group, Inc.$935 
___________________________________

(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.
Revenue by Business Model and Service Type
The following table presents revenue by business model and service type:
Three months ended
September 30,		Nine months ended
September 30,
2025202420252024
(in millions)
Business Model:
Merchant $3,096 $2,805 $7,766 $7,228 
Agency955 953 2,459 2,469 
Advertising, media and other361 302 961 810 
Total revenue
$4,412 $4,060 $11,186 $10,507 
Service Type:
Lodging$3,604 $3,317 $8,933 $8,407 
Air101 104 313 330 
EG Advertising(1)
194 167 550 464
trivago Advertising137 102 320 249
Other(2)
376 370 1,070 1,057 
Total revenue
$4,412 $4,060 $11,186 $10,507 
____________________________
(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.
Our B2C and B2B segments generate revenue from the merchant, agency and advertising, media and other business models as well as all service types. trivago segment revenue is generated through advertising and media.