Filing Flows › Expedia Group (EXPE) › Q1 2025
Expedia Group (EXPE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Expedia Group (EXPE) reported revenue of $3.0B for the first quarter 2025 (Q1 2025), +3% from a year earlier and -6% from the quarter before. Operating margin was -2.3%, net loss $197M (6.6% of revenue).
Expedia Group, Q1 2025: revenue $3.0B (+3% year over year), operating margin -2.3%, net loss $197M, operating cash flow $3.0B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | -6% | +3% |
| Operating profit | −$70.0M | — | — |
| Net earnings | −$197M | — | — |
| Operating cash flow | $3.0B | 15× | +3% |
| Free cash flow | $2.8B | — | +2% |
What changed
Revenue was $3.0B in Q1 2025, up 3% year over year and down 6% from the previous quarter. Lodging was the largest line at 77% of revenue. Lodging added $0.06B year over year (up 3%), 62% of the total change. Air declined 7%.
Operating costs exceeded revenue by $0.07B, an operating margin of -2.3%. Total costs grew 2% against revenue growth of 3%. The quarter ended with a net loss of $0.20B, after a profit of $0.30B the previous quarter. Net interest and other expense of $0.15B was the main reason.
Operating cash flow was $3.0B (up 3% year over year). Non-cash charges added back $0.22B of depreciation and amortization and $0.10B of share-based compensation. Working capital and other items added $2.8B. After total capital expenditures ($0.20B), free cash flow as the company reports it was $2.8B.
Questions
What was Expedia Group's revenue in the first quarter 2025?
Expedia Group (EXPE) reported revenue of $3.0B for the first quarter 2025 (Q1 2025), +3% from a year earlier and -6% from the quarter before.
Was Expedia Group profitable in the first quarter 2025?
Operating loss was $70.0M (-2.3% of revenue) and net loss $197M.
Source: Expedia Group 10-Q on SEC EDGAR.