Analysis of Revenues
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- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Selected Financial Data since 2005
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
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Revenues as Reported
Expedia Group Inc., income statement, revenues
US$ in millions
| 12 months ended: | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Lodging | |||||||||||
| Air | |||||||||||
| Advertising and media | |||||||||||
| Other | |||||||||||
| Revenue |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
- Overall Revenue Trend
- The total revenue displayed a steady increase from 2017 to 2019, rising from approximately $10.06 billion to $12.07 billion. In 2020, there was a significant decline to about $5.20 billion, followed by a partial recovery in 2021 to roughly $8.60 billion.
- Lodging Segment
- The lodging revenue showed consistent growth from 2017 through 2019, increasing from around $6.85 billion to $8.47 billion. In 2020, lodging revenue dropped sharply to $4.05 billion, nearly halving from the previous year, before recovering to $6.45 billion in 2021. Despite the rebound, the 2021 figure remained below the 2019 peak.
- Air Segment
- Revenue from air services remained relatively stable and modest compared to lodging, fluctuating between $784 million in 2017 and $881 million in 2018. However, there was a notable decline starting in 2019, with a sharp drop to $105 million in 2020, reflecting a substantial contraction. A recovery began in 2021, with revenue increasing to $254 million, which still represents less than a third of the 2019 level.
- Advertising and Media Segment
- Advertising and media revenue was relatively stable at just over $1 billion between 2017 and 2019. This segment experienced a steep decline in 2020 to $405 million, less than half of the 2019 figure. In 2021, revenue partially recovered to $603 million, indicating ongoing challenges but some improvement relative to the pandemic's onset period.
- Other Segment
- The "Other" category showed a moderate growth trend from 2017 to 2019, moving from $1.35 billion to $1.62 billion. Like other segments, it faced a significant decrease in 2020 to $638 million but exhibited a stronger rebound in 2021 to $1.29 billion. This recovery nearly restored revenue to pre-pandemic levels.
- Summary of Observations
- The data reflects a strong overall growth trajectory through 2019 across all segments, followed by a substantial impact in 2020 consistent with likely extraordinary external factors affecting the business environment. The lodging segment, as the largest contributor, shows the most pronounced effect and partial recovery. Other segments, especially air and advertising, experienced more severe declines relative to their size but began to recover in 2021. The rebound in 2021 suggests gradual market normalization, though revenue had not fully returned to the 2019 peak levels by year-end 2021.