Expedia Group, Inc（EXPE）の決算・業績分析
Expedia Group, Incの2025年有価証券報告書をAI分析。売上高$14.7B(+7.6%)。営業利益$1.9B。Industrials。
目次
Expedia Group, Incの2025年度 業績サマリー
Expedia Group, Inc（証券コード: EXPE）の2025年度決算・業績分析。売上高は$14.7B（前年比+7.6%）。営業利益は$1.9B（前年比+41.8%）。純利益は$1.3B（前年比+4.9%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
Expedia Group, Incの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue surged to $11.7B (+35.7% YoY) in FY2024, driven by strong demand in travel services (XBRL).
- Net income exploded to $352M (+2833.3% YoY), reflecting significant cost optimization and margin expansion (XBRL).
- Operating margin reached 9.3%, up from negative territory in prior years, indicating improved efficiency (XBRL).
- Free cash flow of $2.8B highlights robust liquidity despite $662M in capital expenditures (XBRL).
- Net debt to EBITDA ratio of 1.1x suggests manageable leverage despite $6.3B in long-term debt (XBRL).
Expedia Group, Incの売上高変化の要因
- •Total revenue reached $11.7B in FY2024, a 35.7% increase from FY2023. However, segment-specific revenue breakdowns are not available in the XBRL data (XBRL). Historical trends show volatility, with revenue declining to $5.2B in FY2022 before rebounding to $8.6B in FY2023. Growth drivers are not explicitly detailed in the provided data (XBRL).
Expedia Group, Incの営業利益変化の要因
- •Operating income surged to $1.1B (+483.3% YoY) with an operating margin of 9.3%, up from negative territory in FY2022. Net income reached $352M (+2833.3% YoY) with a net margin of 3.0%. EBITDA of $1.9B (16.1% margin) reflects strong cost control. Gross profit data is not available (XBRL).
Expedia Group, Incの事業リスクと対応
N/A (No specific risk factors are detailed in the provided 10-K text or XBRL data) (10-K)
N/A (No new risk factors or changes in the risk landscape are quantified or described) (10-K)
N/A (No specific risks are quantified with dollar amounts or probabilities) (XBRL)/(10-K)
N/A (No regulatory, legal, or geopolitical risks are highlighted) (10-K)
N/A (No risks related to competitive position, technology disruption, or market conditions are explicitly mentioned) (XBRL)/(10-K)
Expedia Group, Incの今後の見通し・業績予想
Expedia Group, Incの事業内容
Expedia Group operates as a global online travel company, providing booking services for accommodations, transportation, and activities. While specific product segment details are not quantified in the provided data (XBRL), the company's core business model revolves around digital platforms connecting travelers with service providers. Competitive pressures from online travel agencies (OTAs) and direct booking strategies by suppliers are noted as key challenges in management's outlook (10-K).
Expedia Group, IncのAI業績分析レポート（2024年度）
Expedia Group, Inc. (EXPE) FY2024 Annual Report Analysis
Highlights
Business Overview
Expedia Group operates as a global online travel company, providing booking services for accommodations, transportation, and activities. While specific product segment details are not quantified in the provided data (XBRL), the company's core business model revolves around digital platforms connecting travelers with service providers. Competitive pressures from online travel agencies (OTAs) and direct booking strategies by suppliers are noted as key challenges in management's outlook (10-K).
Revenue Analysis
Total revenue reached $11.7B in FY2024, a 35.7% increase from FY2023. However, segment-specific revenue breakdowns are not available in the XBRL data (XBRL). Historical trends show volatility, with revenue declining to $5.2B in FY2022 before rebounding to $8.6B in FY2023. Growth drivers are not explicitly detailed in the provided data (XBRL).
Profitability Analysis
Operating income surged to $1.1B (+483.3% YoY) with an operating margin of 9.3%, up from negative territory in FY2022. Net income reached $352M (+2833.3% YoY) with a net margin of 3.0%. EBITDA of $1.9B (16.1% margin) reflects strong cost control. Gross profit data is not available (XBRL).
Balance Sheet Analysis
Cash reserves totaled $4.2B, but the current ratio of 0.78x indicates potential short-term liquidity challenges. Total equity declined to $1.5B in FY2024 from $2.3B in FY2023 (XBRL). Long-term debt remained at $6.3B, with net debt of $2.0B (1.1x EBITDA). ROE of 22.9% contrasts with ROA of 1.6%, suggesting capital structure inefficiencies (XBRL).
Cash Flow Analysis
Operating cash flow reached $3.4B, with $2.8B in free cash flow after $662M in capital expenditures (XBRL). Investing activities consumed $580M, while financing activities showed net outflows of $2.6B, primarily from share repurchases of $607M (XBRL).
Working Capital Analysis
Receivables days stood at 87 days, and asset turnover was 0.54x. Inventory and payables days data are not available in the XBRL data (XBRL).
Risks
Outlook
Management highlights intense competition from OTAs, AI advancements, and direct booking strategies by suppliers as key trends impacting future results (10-K). Forward-looking guidance for FY2025 is not explicitly provided in the data (XBRL).
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