Expedia Group, Inc. - EXPE STOCK NEWS

Expedia Group announced it will purchase up to $500,000,000 of its 2.950% Senior Notes due 2031 and 3.25% Senior Notes due 2030. The tender offers are based on the terms outlined in an Offer to Purchase dated August 26, 2022. The offers will expire at 11:59 p.m. on September 23, 2022. Due to high demand for the 2031 Notes, the company intends to accept an aggregate principal amount above the Tender Cap but will not purchase any 2030 Notes. Holders are encouraged to review the detailed Offer to Purchase for more information.

Expedia Group, Inc. (NASDAQ: EXPE) announced the early tender results for its cash tender offers, totaling up to $500,000,000 of its 2.950% Senior Notes due 2031 and 3.25% Senior Notes due 2030. As of the early tender date on September 9, 2022, approximately $685,101,000 of the 2031 Notes were tendered, representing 68.51% acceptance of the $1,000,000,000 outstanding. No 2030 Notes were accepted, as the 2031 Notes exceeded the Aggregate Tender Cap. Expected settlement for the accepted notes is on September 13, 2022.

Expedia Group (NASDAQ: EXPE) is set to participate in the Goldman Sachs Communacopia + Technology Conference. The company's Vice Chairman and CEO, Peter Kern, will engage in a fireside chat on September 13, 2022, at 10:00 am PT / 1:00 pm ET. A live webcast will be available at ir.expediagroup.com, with a replay accessible for 90 days. Expedia Group, the world's travel platform, aims to enhance global travel experiences through its diverse portfolio of brands and services.

Expedia Group, Inc. (NASDAQ: EXPE) has initiated tender offers to repurchase up to $500,000,000 in debt securities. The offers involve 2.950% Senior Notes due 2031 and 3.25% Senior Notes due 2030. Holders must submit their securities by September 9, 2022, to receive early payment. The offers, which are capped at the specified amount, will expire on September 23, 2022. Payable amounts will consider fixed spreads and accrued interest. Goldman Sachs and J.P. Morgan are managing the offers.

Vacasa has appointed Rob Greyber as the new Chief Executive Officer, effective September 6. Greyber, with over 20 years in the travel and technology sectors, most recently served as President of Egencia, a former Expedia Group entity. He succeeds Matt Roberts, who guided the company through challenging times, including a significant increase in Gross Booking Value and taking Vacasa public in December 2021. The board anticipates Greyber will leverage his expertise to drive profitable growth and further innovate in the vacation rental industry.

Expedia Group (NASDAQ: EXPE) reported strong Q2 2022 results, achieving record lodging bookings and the highest second-quarter revenue of $3.2 billion, reflecting a 51% year-over-year increase. Adjusted EBITDA rose 14% to $648 million, while gross bookings surged 26% to $26.1 billion. Notably, the company reported a net loss of $185 million but improved adjusted net income to $310 million. Despite macroeconomic uncertainties, travel demand remains robust, reinforcing the group's focus on enhancing technology and building direct customer relationships.

Expedia Group (NASDAQ: EXPE) will disclose its Q2 2022 results on August 4, 2022, after market close. The earnings release will be followed by a webcast at 1:30 PM PT / 4:30 PM ET. Interested stakeholders can access the earnings report and webcast in the Investor Relations section of their website. A replay of the call will be available for at least three months. This announcement underscores Expedia's commitment to transparency and engagement with investors.

Expedia Group announced its partnership with Bilt Rewards to launch the Bilt Travel Portal, enabling Bilt members to book travel using their rewards points. This initiative, effective immediately, allows users to redeem Bilt points for various travel expenses, enhancing the value of their loyalty program. The portal provides access to over 700,000 properties and 500 airlines worldwide. The collaboration is part of Expedia's strategy to leverage its technology and expand its market reach, thereby driving growth and user engagement within the travel sector.

Expedia's recent survey reveals the significant impact of the COVID-19 pandemic on honeymoon plans, with 97% of couples experiencing disruptions. As wedding numbers rebound, an estimated 4.7 million weddings are expected in 2022-2023, leading to evolving honeymoon trends. Key findings include that 65% of couples prefer honeymoon funds, 53% plan to spend more than budgeted, and 83% are considering multiple honeymoon trips. The survey also indicates a desire for romantic and adventurous experiences as couples look forward to these celebrations.