Expedia Group Reports Fourth Quarter 2020 Results

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Expedia Group Reports Fourth Quarter 2020 ResultsSEATTLE, WA – February 11, 2021 – Expedia Group, Inc. (NASDAQ: EXPE) announced financial results todayfor the fourth quarter ended December 31, 2020.“Last year was an incredibly difficult year for the travel industry, and while not as hard hit as many of our partners,Expedia was not spared the broadly negative impacts of COVID-19. The fourth quarter brought signs of hope in theform of vaccine approvals, but rising cases across the globe and rolling shutdowns of various travel markets madean impact. As a result, Q4 did not show any real sequential progress other than some signs of modest improvementaround the holidays that carried into the early part of 2021," said Vice Chairman and CEO, Peter Kern. "While theenvironment continues to be unpredictable, we remain keenly focused on reshaping and simplifying our business.We are proud of the teams' immense effort during such a difficult personal and professional time for all of us, andwe look forward to much better outcomes for our customers and partners as the travel market rebounds."Financial Summary & Operating Metrics ( millions except per share amounts) - Fourth Quarter 2020(1)Expedia Group, Inc.MetricRoom night growthGross bookingsRevenueOperating income (loss)Net income (loss) attributable to Expedia Group common stockholdersDiluted earnings (loss) per shareAdjustedEBITDA(2)Adjusted net incomeAdjusted(loss)(2)EPS(2)Free cash flow(2)(1)AllQ4 2020Q4 2019Δ Y/Y(61)% 7,56711% 23,245NM(67)%9202,747(67)%(463)160NM(412)76NM (2.89) 0.52NM(160)478NM(376)185NM (2.64) 1.24NM(513)45NMcomparisons are against comparable period of 2019 unless otherwise noted.(2)"AdjustedEBITDA" (Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization), "Adjusted net income (loss)," "Adjusted EPS" and "Freecash flow" are non-GAAP measures as defined by the Securities and Exchange Commission (the "SEC"). See "Definitions of Non-GAAP Measures" and"Tabular Reconciliations for Non-GAAP Measures" on pages 12-19 herein for an explanation and reconciliations of non-GAAP measures used throughout thisrelease. Expedia Group does not calculate or report net income by segment.Page 1 of 20

Financial Summary & Operating Metrics ( millions except per share amounts) - Full Year 2020(1)Expedia Group, Inc.MetricRoom night growthGross bookingsRevenueOperating income (loss)2019Δ Y/Y(55)% 36,79611% 107,873NM(66)%5,19912,067(57)%(2,719)903NMNet income (loss) attributable to Expedia Group common stockholders(2,687)565NMDiluted earnings (loss) per share (19.00) 3.77NM(368)2,134NM(1,242)941NM (8.78) 6.15NM(4,631)1,607NMAdjustedEBITDA(2)Adjusted net incomeAdjusted(loss)(2)EPS(2)Free cash flow(2)(1)All2020comparisons are against comparable period of 2019 unless otherwise noted.(2)"AdjustedEBITDA" (Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization), "Adjusted net income (loss)," "Adjusted EPS" and "Freecash flow" are non-GAAP measures as defined by the Securities and Exchange Commission (the "SEC"). See "Definitions of Non-GAAP Measures" and"Tabular Reconciliations for Non-GAAP Measures" on pages 12-19 herein for an explanation and reconciliations of non-GAAP measures used throughout thisrelease. Expedia Group does not calculate or report net income by segment.Please refer to the "Glossary of Business Terms," located in the Quarterly Results section on Expedia Group’s investor relations website, for businessand financial statement definitions used throughout this release.Discussion of ResultsThe results for Expedia Group, Inc. ("Expedia Group" or "the Company") include Brand Expedia , Hotels.com ,Expedia Partner Solutions, Vrbo , Egencia , trivago , HomeAway , Orbitz , Travelocity , Hotwire ,Wotif , ebookers , CheapTickets , Expedia Group Media Solutions, CarRentals.com , Expedia Cruises ,Classic Vacations , Traveldoo and VacationRentals.com. Results include the related international points of salefor all brands and the immaterial impact of Bodybuilding.com since the Liberty Expedia Holdings, Inc. transactionon July 26, 2019. In May 2020, Expedia Group completed the sale of Bodybuilding.com and, in October 2020, wecompleted the sale of SilverRail . All amounts shown are in U.S. dollars.Page 2 of 20

Gross Bookings & RevenueRevenue by Segment ( millions)2020RetailB2BCorporate (Bodybuilding.com)Expedia Group (excluding trivago)trivagoIntercompany eliminationsTotal 702186— 88838(6) 920Fourth Quarter2019Δ% 1,96163534 2,630171(54) 2,747(64)%(71)%NM(66)%(78)%(89)%(67)%2020Full Year2019Δ% 3,99394259 4,994280(75) 5,199 8,8082,57958 11,445938(316) 12,067(55)%(64)%4%(56)%(70)%(76)%(57)%For the fourth quarter of 2020, total gross bookings decreased 67%. Declines across our lodging, air and other travelproducts were broadly in-line with the third quarter. Gross booking declines worsened in November with the onsetof a new wave of COVID-19 cases, before moderating slightly in December.For the fourth quarter of 2020, total revenue decreased 67%. Fourth quarter results were negatively impacted byapproximately 500 basis points due to contra-revenue related to customer claims created during COVID inconnection with third-party insurance.Product & Services Detail - Fourth Quarter 2020As a percentage of total worldwide revenue in the fourth quarter of 2020, lodging accounted for 86%, advertisingand media accounted for 9%, air accounted for 4% and all other revenues accounted for the remaining 1%.Lodging revenue decreased 58% in the fourth quarter of 2020 on a 61% decrease in room nights stayed, partly offsetby a 6% increase in revenue per room night. Revenue per room night benefited from an increase in the percentageof room nights contributed by Vrbo, which has a higher revenue per room night than the rest of our lodging businessas well as transaction revenue related to Vrbo's transition to merchant of record.Air revenue decreased 80% in the fourth quarter of 2020 reflecting a 69% decline in tickets sold and a 35% declinein revenue per ticket. The decline in revenue per ticket was primarily related to a shift in product mix.Advertising and media revenue decreased 66% in the fourth quarter of 2020 due to declines at trivago and ExpediaGroup Media Solutions.Other revenue was negatively impacted by contra-revenue related to customer claims created during COVID inconnection with third-party insurance, which largely offset other revenue earned in the quarter. Revenue in thefourth quarter of 2019 related to Bodybuilding.com, which was disposed in the second quarter of 2020 alsoimpacted the year over year comparison.Page 3 of 20

Costs and Expenses ( millions)Costs and ExpensesFourth Quarter20202019Δ%Generally Accepted Accounting Principles (GAAP)Expenses - Expedia GroupCost of revenueSelling and marketingTechnology and contentGeneral and administrativeTotal GAAP costs and expensesAdjusted Expenses - Expedia GroupCost of revenue*Selling and marketing*Technology and content*General and administrative*Total adjusted costs and expensesAdjusted Expenses - Expedia Group (excludingtrivago)**Cost of revenue*Selling and marketing*Technology and content*General and administrative*Total adjusted costs and expenses excluding trivagoAs a % of RevenueFourth Quarter20202019Δ (bps) 287511223124 1,145 5391,268321216 2,344(47)%(60)%(31)%(43)%(51)%31.1 %55.6 %24.3 %13.4 %124.4 %19.6 %46.1 %11.7 %7.9 %85.3 %1,1539471,2565533,909 284500207105 1,096 5361,257303182 2,278(47)%(60)%(32)%(42)%(52)%30.8 %54.4 %22.6 %11.4 %119.1 %19.5 %45.7 %11.1 %6.6 %82.9 %1,1278681,1514753,622 28248619499 1,061 5331,193289174 2,189(47)%(59)%(33)%(44)%(52)%31.7 %54.7 %21.9 %11.0 %119.4 %20.3 %45.4 %11.0 %6.6 %83.2 %1,1429391,0924433,616*Adjusted expenses are non-GAAP measures. See pages 12-19 herein for a description and reconciliation to the corresponding GAAP measures.**Expedia Group (excluding trivago) figures exclude both trivago costs and expenses and trivago revenue when calculating 'As a % of Revenue.'Note: Some numbers may not add due to rounding.Cost of Revenue For the fourth quarter of 2020, both GAAP and adjusted cost of revenue decreased 47%, compared to thefourth quarter of 2019, primarily due to a decline in merchant fees resulting from lower transactionvolumes, decreased customer service and personnel costs, and lower cloud expenses, partly offset by higherpayment processing costs related to Vrbo's transition to merchant of record. In the fourth quarter of 2019,both GAAP and adjusted cost of revenue included costs related to Bodybuilding.com, which was disposedin the second quarter of 2020.Selling and Marketing For the fourth quarter of 2020, both GAAP and adjusted total selling and marketing expense decreased60%, compared to the fourth quarter of 2019, primarily due to a 650 million decrease in direct costs,driven by a significant reduction in marketing spend related to the impact on travel demand from COVID19. Indirect costs, which represented 31% of total GAAP selling and marketing costs and 30% of totaladjusted selling and marketing expense in the fourth quarter of 2020 compared to 21% and 20% for totalGAAP and adjusted selling and marketing costs, in the fourth quarter of 2019, declined 40% and 42%,respectively, on a GAAP and adjusted basis in the fourth quarter of 2020 due to lower personnel costs. As aresult of Expedia Group's decision in the fourth quarter of 2020 to shift from employee cash bonuses toequity that will vest in 2021, the bonus expense that was previously accrued during the first three quartersPage 4 of 20

of 2020 was reversed. As a result, the year over year decline in indirect costs benefited by approximately6% and 7% on a GAAP and adjusted basis, respectively. The company expects to shift the vast majority ofthe annual bonus program spend to salary beginning in the second quarter of 2021.Technology and Content For the fourth quarter of 2020, total GAAP and adjusted technology and content expense decreased 31%and 32%, respectively, compared to the fourth quarter of 2019, primarily reflecting lower personnel andrelated costs. As a result of Expedia Group's change to employee compensation structure, the year over yeardecline in technology and content expenses benefited by approximately 7% on both a GAAP and adjustedbasis.General and Administrative For the fourth quarter of 2020, both total GAAP and adjusted general and administrative expense decreased43% and 42%, respectively, compared to the prior year, mainly due to a decrease in personnel costs andprofessional fees. As a result of Expedia Group's change to employee compensation structure, the year overyear decline in general and administrative expenses benefited by approximately 7% and 8% on a GAAP andadjusted basis, respectively.Costs and ExpensesFull Year20202019Δ%Generally Accepted Accounting Principles (GAAP)Expenses - Expedia GroupCost of revenueSelling and marketingTechnology and contentGeneral and administrativeTotal GAAP costs and expensesAdjusted Expenses - Expedia GroupCost of revenue*Selling and marketing*Technology and content*General and administrative*Total adjusted costs and expensesAdjusted Expenses - Expedia Group (excludingtrivago)**Cost of revenue*Selling and marketing*Technology and content*General and administrative*Total adjusted costs and expenses excluding trivagoAs a % of RevenueFull Year20202019Δ (bps) 1,6802,5461,010597 5,833 2,0776,0781,226815 10,196(19)%(58)%(18)%(27)%(43)%32.3 %49.0 %19.4 %11.5 %112.2 %17.2 %50.4 %10.2 %6.8 %84.5 %1,511(139)9284722,772 1,6682,498941521 5,628 2,0656,0331,152705 9,955(19)%(59)%(18)%(26)%(43)%32.1 %48.1 %18.1 %10.0 %108.3 %17.1 %50.0 %9.5 %5.8 %82.5 %1,497(194)8584172,577 1,6552,376887492 5,410 2,0545,6101,089665 9,418(19)%(58)%(18)%(26)%(43)%33.1 %47.6 %17.8 %9.8 %108.3 %17.9 %49.0 %9.5 %5.8 %82.3 %1,519(143)8274022,605*Adjusted expenses are non-GAAP measures. See pages 12-19 herein for a description and reconciliation to the corresponding GAAP measures.**Expedia Group (excluding trivago) figures exclude both trivago costs and expenses and trivago revenue when calculating 'As a % of Revenue.'Note: Some numbers may not add due to rounding.Page 5 of 20

Net Loss Attributable to Expedia Group and Adjusted EBITDA*Adjusted EBITDA by Segment ( millions)Fourth Quarter20202019Δ%RetailB2BUnallocated overhead costsExpedia Group (excluding trivago)trivago(1)Total Adjusted EBITDANet income (loss) attributable to Expedia Group commonstockholders(2) 6(54)(108) (156)(4) (160) 50296(149) 44929 478 (412) 76(99)%NM(27)%NMNMNMNM2020Full Year2019Δ% 254(208)(400) (354)(14) (368) 2,121447(519) 2,04985 2,134(88)%NM(23)%NMNMNM (2,687) 565NM(1) trivagois a separately listed company on the Nasdaq Global Select Market and, therefore, is subject to its own reporting and filing requirements which couldresult in possible differences that are not expected to be material to Expedia Group.(2) Expedia Group does not calculate or report net income (loss) by segment.* Adjusted EBITDA is a non-GAAP measure. See pages 12-19 herein for a description and reconciliation to the corresponding GAAP measure.Note: Some numbers may not add due to rounding.Depreciation and AmortizationDepreciation and amortization decreased 6% in the fourth quarter of 2020. A decrease in amortization, whichreflects the completion of amortization related to certain intangible assets as well as the impact of definite-livedintangible impairments and lower datacenter depreciation, was partly offset by depreciation for our newheadquarters.Restructuring and Related Reorganization ChargesIn connection with the restructuring actions announced in late February 2020 to simplify our businesses andimprove operational efficiencies, as well as the acceleration of further actions to adapt our business to the currentenvironment, we recognized 25 million in restructuring and related reorganization charges in the fourth quarter of2020. Restructuring and related reorganization charges were 8 million in the fourth quarter of 2019.Interest and OtherConsolidated interest income decreased 12 million in the fourth quarter of 2020, compared to the fourth quarter of2019. Consolidated interest expense increased 49 million in the fourth quarter of 2020, compared to the fourthquarter of 2019, due to the 2 billion and 750 million senior unsecured notes issued in May 2020, the 500 millionand 750 million senior unsecured notes issued in July 2020, as well as balances borrowed under the revolvingcredit facility.Consolidated other, net was a gain of 68 million in the fourth quarter of 2020, compared to a loss of 1 million inthe fourth quarter of 2019. The gain in the fourth quarter of 2020 was primarily due to a mark-to-market gain onminority equity investments.Page 6 of 20

Income TaxesThe GAAP effective tax rate was 21% in the fourth quarter of 2020, compared to 35% in the fourth quarter of 2019.The change in the effective tax rate was primarily due to measuring the foreign rate differential against a pretax loss,as well as discrete items.The effective tax rate on pretax adjusted net income was 19% in the fourth quarter of 2020 compared to 23% in thefourth quarter of 2019. The change in the effective tax rate was primarily due to discrete items measured against apretax loss.Preferred Stock DividendThe preferred stock dividend related to the preferred equity issued in May of 2020 was 29 million in the fourthquarter of 2020.Balance Sheet, Cash Flows and CapitalizationFor the three months ended December 31, 2020, consolidated net cash used in operating activities was 385 millionand consolidated free cash flow totaled negative 513 million. Consolidated free cash flow decreased 558 millionin the fourth quarter of 2020 compared to the prior year period. The fourth quarter of 2019 benefited from thetransition of Vrbo's merchant bookings to our payments platform.Excluding Vrbo's merchant bookings from both periods, free cash flow was approximately negative 575 million inthe fourth quarter of 2020, an approximately 200 million decline from the prior year primarily due to the decline inadjusted EBITDA, partly offset by lower working capital usage and a decline in capital expenditures.Cash, cash equivalents and short-term investments totaled 3.4 billion at December 31, 2020 compared to 4.4billion at September 30, 2020. The decline was due to the repayment of the remaining 650 million outstanding onthe revolving credit facility and negative free cash flow. Restricted cash and cash equivalents, which primarilyrelates to traveler deposits for bookings made through Vrbo, was 772 million at December 31, 2020 compared to 725 million at September 30, 2020. Prepaid expenses and other current assets was 653 million at December 31,2020 compared to 685 million at September 30, 2020. Deferred merchant bookings totaled approximately 3.1billion at December 31, 2020, compared to 3.25 billion at September 30, 2020, including approximately 770million in deferred loyalty rewards for both periods.Page 7 of 20

EXPEDIA GROUP, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(In millions, except share and per share data)(Unaudited)Three months endedDecember 31,20202019Revenue Costs and expenses:Cost of revenue (exclusive of depreciation and amortization shownseparately below) (1)Selling and marketing (1)Technology and content (1)General and administrative (1)Depreciation and amortizationImpairment of goodwillImpairment of intangible assetsLegal reserves, occupancy tax and otherRestructuring and related reorganization chargesOperating income (loss)Other income (expense):Interest incomeInterest expenseOther, netTotal other expense, netIncome (loss) before income taxesProvision for income taxesNet income (loss)Net (income) loss attributable to non-controlling interestsNet income (loss) attributable to Expedia Group, Inc.Preferred stock dividendNet income (loss) attributable to Expedia Group, Inc. commonstockholdersEarnings (loss) per share attributable to Expedia Group, Inc.available to common stockholders:BasicDilutedShares used in computing earnings (loss) per share (000's):BasicDiluted(1) Includes stock-based compensation as follows:Cost of revenueSelling and marketingTechnology and contentGeneral and administrative 2,747 5,199 565(2.89)(2.89) 142,446142,446 Page 8 of 20920Year endedDecember 31,2020201931116190.520.52 144,647146,828 3111834(19.00)(19.00) 141,414141,414 124869763.843.77147,194149,884 124574110

EXPEDIA GROUP, INC.CONSOLIDATED BALANCE SHEETS(In millions, except number of shares which are reflected in thousands and par value)December 31, 2020(unaudited)December 31, 2019ASSETSCurrent assets:Cash and cash equivalentsRestricted cash and cash equivalentsShort-term investmentsAccounts receivable, net of allowance of 101 and 41Income taxes receivablePrepaid expenses and other current assetsTotal current assetsProperty and equipment, netOperating lease right-of-use assetsLong-term investments and other assetsDeferred income taxesIntangible assets, netGoodwillTOTAL ASSETS LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable, merchant Accounts payable, otherDeferred merchant bookingsDeferred revenueIncome taxes payableAccrued expenses and other current liabilitiesCurrent maturities of long-term debtTotal current liabilitiesLong-term debt, excluding current maturitiesDeferred income taxesOperating lease liabilitiesOther long-term liabilitiesCommitments and contingenciesSeries A Preferred Stock: .001 par value, Authorized shares: 100,000; Shares issued andoutstanding: 1,200 and 0Stockholders’ equity:Common stock: .0001 par value; Authorized shares: 1,600,000Shares issued: 261,564 and 256,692; Shares outstanding: 138,074 and 137,076Class B common stock: .0001 par value; Authorized shares: 400,000Shares issued: 12,800 and 12,800; Shares outstanding: 5,523 and 5,523Additional paid-in capitalTreasury stock - Common stock and Class B, at cost; Shares 130,767 and 126,893Retained earnings (deficit)Accumulated other comprehensive income (loss)Total Expedia Group, Inc. stockholders’ equityNon-redeemable non-controlling interestsTotal stockholders’ equity TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITYPage 9 of 18,690 6024963,10717250979—5,4068,21667513462 ,53621,416

EXPEDIA GROUP, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(In millions)(Unaudited)Year endedDecember 31,20202019Operating activities:Net income (loss)Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation of property and equipment, including internal-use software and website developmentAmortization of stock-based compensationAmortization and impairment of intangible assetsImpairment of goodwillDeferred income taxesForeign exchange (gain) loss on cash, restricted cash and short-term investments, netRealized (gain) loss on foreign currency forwards(Gain) loss on minority equity investments, netProvision for credit losses and other, netChanges in operating assets and liabilities, net of effects from acquisitions:Accounts receivablePrepaid expenses and other assetsAccounts payable, merchantAccounts payable, other, accrued expenses and other liabilitiesTax payable/receivable, netDeferred merchant bookingsDeferred revenueNet cash provided by (used in) operating activitiesInvesting activities:Capital expenditures, including internal-use software and website developmentPurchases of investmentsSales and maturities of investmentsAcquisitions, net of cash and restricted cash acquiredOther, netNet cash used in investing activitiesFinancing activities:Revolving credit facility borrowingsRevolving credit facility repaymentsProceeds from issuance of long-term debt, net of issuance costsNet proceeds from issuance of preferred stock and warrantsPayment of long-term debtPayment of Liberty Expedia Exchangeable DebenturesPurchases of treasury stockPayment of dividends to common stockholdersPayment of preferred stock dividendsProceeds from exercise of equity awards and employee stock purchase planOther, netNet cash provided by financing activitiesEffect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalentsNet increase in cash, cash equivalents and restricted cash and cash equivalentsCash, cash equivalents and restricted cash and cash equivalents at beginning of yearCash, cash equivalents and restricted cash and cash equivalents at end of yearSupplemental cash flow informationCash paid for interestIncome tax payments, net Page 10 of 20(2,728) 3924,0974,138313108 2,7054,097157304

Expedia Group, Inc.Trended Metrics(All figures in millions)The supplemental metrics below are intended to supplement the financial statements in this release and in our filings with the SEC, and do notinclude adjustments for one-time items, acquisitions, foreign exchange or other adjustments. The definition, methodology and appropriatenessof any of our supplemental metrics are subject to removal and/or change, and such changes could be material. In the event of any discrepancybetween any supplemental metric and our historical financial statements, you should rely on the information filed with the SEC and thefinancial statements in our most recent earnings release.2019Q1Gross bookings by business modelAgencyMerchantTotalRevenue by segmentRetailB2BCorporate (Bodybuilding.com)Expedia Group (excluding trivago)trivagoIntercompany eliminationsTotalRevenue by geographyDomesticInternationalTotalRevenue by business modelAgencyMerchantAdvertising & media and otherTotalAdjusted EBITDA by segmentRetailB2BUnallocated overhead costsQ4Q1Q2Q3Full Year20192020Q4Y/Y GrowthQ4202020 16,11212,180 28,292 14,58512,342 26,927 11,95611,289 23,245 9,8238,062 17,885 1,3631,350 2,713 3,5305,101 8,631 3,4054,162 7,567 60,00547,868 107,873 18,12118,675 36,796(72)%(63)%(67)%(70)%(61)%(66)% 1,901556— 2,457237(85) 2,609 2,333657— 2,990251(88) 3,153 2,61373124 3,368279(89) 3,558 1,96163534 2,630171(54) 2,747 1,58248539 2,106154(51) 2,209 463682055118(3)566 1,246203— 1,44970(15) 1,504 702186—88838(6)920 8,8082,57958 11,445938(316) 12,067 3,99394259 4,994280(75) 56)%(70)%(76)%(57)% 1,4761,133 2,609 1,8381,315 3,153 1,9821,576 3,558 1,5731,174 2,747 1,317892 2,209 463103566 1,033471 1,504 698222920 6,8695,198 12,067 3,5111,688 5,199(56)%(81)%(67)%(49)%(68)%(57)% 8421,435332 2,609 1,0471,758348 3,153 1,1771,980401 3,558 8161,590341 2,747 5621,340307 2,209 10536893566 3291,032143 1,504 271521128920 3,8826,7631,422 12,067 1,2673,261671 5,199(67)%(67)%(62)%(67)%(67)%(52)%(53)%(57)% 2226(123)(75)(1)(76) (203)(128)(89) (420)(16) (436) 6(54)(108) (156)(4) (160) 50296(149)44929478 876149(125)90012912 MNMNM 183 409 76 (1,301)(753)(221)(412)NMNMExpedia Group (excluding trivago)trivago Total Net income (loss) attributable to ExpediaGroup common stockholders (103)Worldwide air (merchant & agency)Tickets sold growthAirfare growthRevenue per ticket growthAir revenue growth2020Q3 17,35212,057 29,40919572(115)15224176Worldwide lodging (merchant & agency)Room nightsRoom night growthADR growthRevenue per night growthLodging revenue growthQ2 429(52)(80)2977304 2,121447(519)2,049852,134565 100.112 %—%1%12 %116.511 %(1)%—%11 %91.611 %—%(1)%9%69.4(14)%2%6%(9)%19.2(81)%1%15 %(78)%48.8(58)%8%14 %(52)%36.1(61)%2%6%(58)%389.011 %(1)%(1)%10 %173.4(55)%3%9%(52)%11 %(1)%(7)%3%10 : Advertising & Media Revenue includes 3rd party revenue from trivago. All trivago revenue is classified as international. Corporate includes product revenue subsequent to our acquisition of Bodybuilding.com on July 26, 2019 through its sale in May 2020. Some numbers may not add due to rounding. All percentages above and throughout this release are calculated on precise, unrounded numbersPage 11 of 20

Notes & Definitions:Gross Bookings: Gross bookings generally represent the total retail value of transactions booked, recorded at thetime of booking reflecting the total price due for travel by travelers, including taxes, fees and other charges, adjustedfor cancellations and refunds.Retail: The Retail segment, which consists of the aggregation of operating segments, provides a full range of traveland advertising services to our worldwide customers through a variety of consumer brands including: Expedia.comand Hotels.com in the United States and localized Expedia and Hotels.com websites throughout the world, Vrbo,Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com, CarRentals.com, Cruises and ClassicVacations.B2B: The B2B segment is comprised of our Expedia Business Services organization including Expedia PartnerSolutions, which operates private label and co-branded programs to make travel services available to leisuretravelers though third-party company branded websites, and Egencia, a full-service travel management companythat provides travel services to businesses and their corporate customers.trivago: The trivago segment generates advertising revenue primarily from sending referrals to online travelcompanies and travel service providers from its localized hotel metasearch websites.Corporate: Includes unallocated corporate expenses as well as Bodybuilding.com subsequent to our acquisition onJuly 26, 2019 through its sale in May 2020.Lodging metrics: Reported on a stayed basis and includes both merchant and agency model hotel and alternativeaccommodation stays.Room Nights: Room nights represent stayed hotel room nights and property nights for our Retail reportable segmentand stayed hotel room nights for our B2B reportable segment. Hotel room nights are reported on a stayed basis andinclude both merchant and agency hotel stays. Property nights, which are related to our alternative accommodationbusiness, are reported upon the first day of stay and check-in to a property and represent the total number of nightsfor which a property is rented.Worldwide Air metrics: Reported on a booked basis and includes both merchant and agency air bookings.Page 12 of 20

Definitions of Non-GAAP MeasuresExpedia Group reports Adjusted EBITDA, Adjusted Net Income (Loss), Adjusted EPS, Free Cash Flow andAdjusted Expenses (non-GAAP cost of revenue, non-GAAP selling and marketing, non-GAAP technology andcontent and non-GAAP general and administrative), all of which are supplemental measures to GAAP and aredefined by the SEC as non-GAAP financial measures. These measures are among the primary metrics by whichmanagement evaluates the performance of the business and on which internal budgets are based. Managementbelieves that investors should have access to the same set of tools that management uses to analyze our results.These non-GAAP measures should be considered in addition to results prepared in accordance with GAAP, butshould not be considered a substitute for or sup

Page 2 of 20 (1)Financial Summary & Operating Metrics ( millions except per share amounts) - Full Year 2020 Expedia Group, Inc. Metric 2020 2019 Δ Y/Y Room night growth (55)% 11% NM Gross bookings 36,796 107,873 (66)% Revenue 5,199 12,067 (57)% Operating income (loss) (2,719) 903 NM Net income (loss) attributable to Expedia Group common stockholders (2,687) 565 NM

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