Every material Form 8-K Expedia filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Expedia Group appointed Scott Schenkel, a former eBay CFO, as its chief financial officer, effective the day after the company files its 2024 Form 10-K, expected on or about February 7, 2025. Julie Whalen remains CFO until that transition date, so the change is a planned succession rather than an abrupt departure.
Scott Schenkel, 56, previously served as interim CEO of eBay from September 2019 through April 2020 and as eBay's CFO from 2015 to 2019
Schenkel's employment with Expedia, Inc. is expected to start December 30, 2024; CFO role takes effect the day after the 10-K filing
Annual base salary of $1,000,000, a $3,000,000 signing bonus on the start date, and a $2,200,000 bonus on December 15, 2025
Initial grant of 87,163 restricted stock units, with target annual equity awards of $10,000,000 beginning in 2025
Expedia Group reported third-quarter 2024 revenue of $4.1 billion, up 3% from a year earlier, and GAAP diluted earnings per share of $5.04 versus $2.87, with net income attributable to the company of $684 million. The company also raised its full-year guidance, though the filing text does not give the new figures. Chief Financial Officer Julie Whalen will step down once a successor is appointed, which is expected before February 17, 2025, and she resigned from the board effective immediately.
Revenue of $4.1 billion rose 3% year over year, including a 2-point negative impact from foreign exchange; gross bookings of $27.5 billion rose 7%
GAAP diluted EPS was $5.04 versus $2.87; adjusted EPS was $6.13 versus $5.41, up 13%
Adjusted EBIT was $892 million, down 1% from $903 million
Julie Whalen will remain CFO through February 17, 2025, and she resigned from the board effective November 7, 2024
Expedia Group said its Board and Vice Chairman Peter Kern agreed that his service as Vice Chairman ended effective September 10, 2024, and he resigned from the Board that day. The Board eliminated his seat, reducing its size from thirteen directors to twelve. The filing cites the speed and success of the company's recent management transition as the reason.
Peter Kern's service as Vice Chairman ended effective September 10, 2024
Kern resigned as a Board member effective September 10, 2024
Board size reduced from thirteen directors to twelve
Expedia Group reported second quarter 2024 revenue of $3.6 billion, up 6% from a year earlier, and diluted EPS of $2.80 versus $2.54. CEO Ariane Gorin said July brought a more challenging macro environment and softer travel demand, and the company is adjusting its expectations for the rest of the year.
Q2 2024 gross bookings were $28.8 billion, up 6%, and revenue was $3.6 billion, up 6%.
Diluted EPS was $2.80 versus $2.54; adjusted EPS was $3.51 versus $2.89, up 21%.
Net income attributable to Expedia Group was $386 million, roughly flat with $385 million a year earlier.
Management said it has seen a softening in travel demand in July and is adjusting expectations for the rest of 2024.
Expedia Group reported first quarter 2024 revenue of $2.9 billion, up 8%, and a net loss of $135 million, narrower than the $145 million loss a year earlier. The company lowered its full-year guidance to mid to high single digit top line growth, citing a slower-than-expected recovery at Vrbo and gross bookings that rose only 3%.
Revenue was $2.9 billion, up 8% from the first quarter of 2023; gross bookings were $30.2 billion, up 3%
Net loss attributable to Expedia Group was $135 million versus $145 million a year earlier; adjusted EPS was $0.21 versus a loss of $0.20
Full-year guidance lowered to mid to high single digit top line growth, with margins relatively in line with last year
Repurchased about 5.7 million shares for about $786 million year-to-date
Expedia Group committed to restructuring actions on February 22, 2024, to recalibrate resources amid an organizational and technological transformation. The company expects a workforce reduction affecting about 1,500 employees, with notifications to some affected staff beginning February 26, 2024. Total pre-tax charges and cash costs of $80 million to $100 million are expected to be recorded in 2024, mostly for employee severance and compensation benefits.
About 1,500 employees expected to be affected by the workforce reduction
Total pre-tax charges and cash expenditures expected at $80 million to $100 million, all in 2024
Costs are predominantly employee severance and compensation benefits
Communication to a portion of affected employees began February 26, 2024
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Expedia filing is on SEC EDGAR ↗. 8-K briefs of other companies →