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Cover and table of contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2025

or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number: 001-37429

EXPEDIA GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware20-2705720
(State of Incorporation)(I.R.S. Employer Identification No.)

1111 Expedia Group Way W.

Seattle, Washington 98119

(Address of principal executive office, including zip code)

(206) 481-7200

(Registrant’s telephone number, including area code)

__________________________________

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading symbolName exchange on which registered
Common stock, $0.0001 par valueEXPEThe Nasdaq Global Select Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of April 25, 2025, the following shares of the registrant’s common stock were outstanding:

Common stock, $0.0001 par value per share121,597,444shares
Class B common stock, $0.0001 par value per share5,523,452shares

Expedia Group, Inc.

Form 10-Q

For the Quarter Ended March 31, 2025

Contents

Part IFinancial Information
Item 1Consolidated Financial Statements
Consolidated Statements of Operations for the Three Months Ended March 31, 2025 and 2024 (unaudited)2
Consolidated Statements of Comprehensive Income (Loss) for the Three Months Ended March 31, 2025 and 2024 (unaudited)3
Consolidated Balance Sheets as of March 31, 2025 (unaudited) and December 31, 20244
Consolidated Statements of Stockholders Equity for the Three Months Ended March 31, 2025 and 2024 (unaudited)5
Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2025 and 2024 (unaudited)6
Notes to Consolidated Financial Statements (unaudited)7
Item 2Management’s Discussion and Analysis of Financial Condition and Results of Operations19
Item 3Quantitative and Qualitative Disclosures about Market Risk32
Item 4Controls and Procedures33
Part IIOther Information
Item 1Legal Proceedings34
Item 1ARisk Factors35
Item 2Unregistered Sales of Equity Securities and Use of Proceeds35
Item 5Other Information35
Item 6Exhibits36
Signature37

Next: Item 1. Consolidated Financial Statements