0001193125-22-242878.txt : 20220912 0001193125-22-242878.hdr.sgml : 20220912 20220912161558 ACCESSION NUMBER: 0001193125-22-242878 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20220912 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20220912 DATE AS OF CHANGE: 20220912 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Expedia Group, Inc. CENTRAL INDEX KEY: 0001324424 STANDARD INDUSTRIAL CLASSIFICATION: TRANSPORTATION SERVICES [4700] IRS NUMBER: 202705720 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37429 FILM NUMBER: 221238731 BUSINESS ADDRESS: STREET 1: 1111 EXPEDIA GROUP WAY W. CITY: SEATTLE STATE: WA ZIP: 98119 BUSINESS PHONE: (206) 481-7200 MAIL ADDRESS: STREET 1: 1111 EXPEDIA GROUP WAY W. CITY: SEATTLE STATE: WA ZIP: 98119 FORMER COMPANY: FORMER CONFORMED NAME: Expedia, Inc. DATE OF NAME CHANGE: 20050420 8-K 1 d377397d8k.htm 8-K 8-K
false 0001324424 0001324424 2022-09-12 2022-09-12

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 12, 2022

 

 

EXPEDIA GROUP, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-37429   20-2705720

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

1111 Expedia Group Way W.

Seattle, Washington 98119

(Address of Principal Executive Offices, and Zip Code)

(206) 481-7200

(Registrant’s Telephone Number, Including Area Code)

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Common Stock, par value $0.0001 per share   EXPE   The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 


Item 8.01

Other Events.

On September 12, 2022, Expedia Group, Inc. (the “Company”) issued a press release announcing the early tender results for its previously announced tender offers (the “Tender Offers”) to purchase for cash up to $500 million aggregate principal amount of its 2.950% Senior Notes due 2031 (the “Notes due 2031”) and 3.25% Senior Notes due 2030 (the “Notes due 2030” and, together with the Notes due 2031, the “Securities”), and also on September 12, 2022, the Company issued a press release announcing the pricing terms of the Tender Offers.

On or about September 13, 2022, the Company intends to accept for purchase $500 million aggregate principal amount of the Notes due 2031 and $0 aggregate principal amount of the Notes due 2030, in each case validly tendered and not validly withdrawn in the applicable Tender Offer at or prior to 5:00 p.m., New York City time, on September 9, 2022 (the “Early Tender Date”). Such Securities are expected to be cancelled in connection with the Tender Offers and will no longer be outstanding. As the aggregate principal amount of Securities validly tendered and not validly withdrawn prior to or at the Early Tender Date exceeded the Aggregate Tender Cap (as defined in the offer to purchase, dated August 26, 2022 (the “Offer to Purchase”)), there will be no Final Settlement Date (as defined in the Offer to Purchase), and no Securities tendered after the Early Tender Date will be accepted for purchase. Further, because the Company intends to accept for purchase an aggregate principal amount of Notes due 2031 equal to the Aggregate Tender Cap, no Notes due 2030 will be accepted for purchase.

Copies of each of the press releases announcing the early tender results and the pricing terms of the Tender Offers are attached hereto as Exhibit 99.1 and 99.2, respectively, and are incorporated herein by reference.

This report does not constitute an offer to sell or purchase or a solicitation of an offer to purchase or sell any securities nor will there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of such state.

Forward-Looking Statements

This report, including Exhibit 99.1 and Exhibit 99.2, contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the views of the Company’s management regarding current expectations and projections about future events and are based on currently available information. Actual results could differ materially from those contained in these forward-looking statements for a variety of reasons, including, but not limited to, those discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, Part I, ITEM 1A, “Risk Factors,” as well as those discussed in the Offer to Purchase. COVID-19, and the volatile regional and global economic conditions stemming from it, and additional or unforeseen effects from the COVID-19 pandemic, could also give rise to or aggravate these risk factors, which in turn could materially adversely affect our business, financial condition, liquidity, results of operations (including revenues and profitability) and/or stock price. Further, COVID-19 may also affect the Company’s operating and financial results in a manner that is not presently known to it or that it currently does not consider to present significant risks to its operations. Other unknown or unpredictable factors also could have a material adverse effect on the Company’s business, financial condition and results of operations. Accordingly, readers should not place undue reliance on these forward-looking statements. The use of words such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “goal,” “intends,” “likely,” “may,” “plans,” “potential,” “predicts,” “projected,” “seeks,” “should” and “will,” or the negative of these terms or other similar expressions, among others, generally identify forward-looking statements; however, these words are not the exclusive means of identifying such statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Accordingly, you should not place undue reliance on those statements. The Company is not under any obligation to, and do not intend to, publicly update or review any forward-looking statement or other statement in this report, whether as a result of new information, future events or otherwise, even if experience or future events make it clear that any expected results expressed or implied by these forward-looking statements will not be realized. Please carefully review and consider the various disclosures made in this report, the Offer to Purchase and in the Company’s reports filed with the SEC that attempt to advise interested parties of the risks and factors that may affect the Company’s business, prospects and results of operations.


Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit

Number

  

Description

99.1    Press Release, dated September 12, 2022.
99.2    Press Release, dated September 12, 2022.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    EXPEDIA GROUP, INC.
Dated: September 12, 2022     By:  

/s/ Robert J. Dzielak

      Robert J. Dzielak
      Chief Legal Officer and Secretary
EX-99.1 2 d377397dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO

Expedia Group, Inc. Announces Early Results of Tender Offers for Senior Notes

SEATTLE, WASHINGTON – September 12, 2022 – Expedia Group, Inc. (NASDAQ: EXPE) (the “Company”) today announced the early tender results for its previously announced tender offers to purchase for cash up to $500,000,000 aggregate principal amount (the “Aggregate Tender Cap”) of the Company’s 2.950% Senior Notes due 2031 (the “2031 Notes”) and 3.25% Senior Notes due 2030 (the “2030 Notes” and, together with the 2031 Notes, the “Securities”).

As of 5:00 p.m., New York City time, on September 9, 2022, the previously announced early tender date and time (the “Early Tender Date”), the aggregate principal amount of each series of Securities set forth in the table below under “Principal Amount Tendered” have been validly tendered and not validly withdrawn in the Tender Offers. Withdrawal rights for the Tender Offers expired at 5:00 p.m. New York City time, on September 9, 2022, and, accordingly, Securities validly tendered in the tender offers may no longer be withdrawn except where additional withdrawal rights are required by law.

 

Title of Security

   CUSIP No./
ISIN No.
   Principal Amount
Outstanding
     Acceptance
Priority
Level(1)
     Aggregate
Principal
Amount
Tendered
    Aggregate
Principal
Amount
Accepted
     Percent of
Tendered
Amount
Outstanding
    Proration
Factor(2)
 

2.950% Senior Notes due 2031

   30212P BH7 /
US30212PBH73;
30212P BF1 /
US30212PBF18;
U3010D AM2 /
USU3010DAM21
   $ 1,000,000,000        1      $ 685,101,000     $ 500,000,000        68.51     73.0

3.25% Senior Notes due 2030

   30212P AR6 /
US30212PAR64;
30212P AQ8 /
US30212PAQ81;
U3010D AG5 /
USU3010DAG52
   $ 1,250,000,000        2         N/A (3)      $0        N/A (3)      0

The tender offers are being made pursuant to an offer to purchase, dated August 26, 2022 (as it may be amended or supplemented from time to time, the “Offer to Purchase”), which sets forth the terms and conditions of the Tender Offers. The purchase of the 2031 Notes validly tendered and not validly withdrawn in the tender offers would cause the Company to purchase Securities with an aggregate principal amount in excess of the Aggregate Tender Cap. Accordingly, the 2031 Notes will be purchased on a pro rata basis up to the Aggregate Tender Cap in the manner described in the Offer to Purchase by reference to the appliable “Proration Factor” for such series of Securities specified in the table above. Further, because the Company intends to accept for purchase an aggregate principal amount of 2031 Notes equal to the Aggregate Tender Cap, no 2030 Notes will be accepted for purchase.

 

1 

The offers with respect to the Securities are subject to the Aggregate Tender Cap of $500,000,000.

2 

Rounded to the nearest tenth of a percentage point.

3 

Given that no 2030 Notes will be accepted for purchase, the "Principal Amount Tendered" and the "Percent of Tendered Amount Outstanding" have been intentionally omitted.


The consideration (the “Total Consideration”) to be paid for the 2031 Notes that are validly tendered and accepted for purchase will be determined in the manner described in the Offer to Purchase by reference to the applicable “Fixed Spread” for such series of Securities specified in the Offer to Purchase plus the applicable yield based on the bid-side price of the applicable “U.S. Treasury Reference Security” specified in the Offer to Purchase as quoted on the applicable Bloomberg Reference Page specified in the Offer to Purchase at 10:00 a.m., New York City time, on September 12, 2022. The Company expects to issue a press release on September 12, 2022 to announce the Total Consideration payable in respect of the 2031 Notes that are accepted for purchase by the Company, including the Reference Yield (as defined in the Offer to Purchase) for the 2031 Notes that will be used in determining such Total Consideration. It is anticipated that the settlement date for the 2031 Notes that were validly tendered at or prior to the Early Tender Date and accepted for purchase by the Company will be September 13, 2022 (the “Early Settlement Date”).

Although the tender offers are scheduled to expire at 11:59 p.m., New York City time, on September 23, 2022, because the aggregate principal amount of Securities validly tendered and not validly withdrawn prior to or at the Early Tender Date exceeded the Aggregate Tender Cap, there will be no Final Settlement Date (as defined in the Offer to Purchase), and no Securities tendered after the Early Tender Date will be accepted for purchase. Securities tendered and not purchased on the Early Settlement Date will be returned to holders promptly after the Early Settlement Date.

The tender offers are subject to the satisfaction or waiver by the Company of certain conditions as set forth in the Offer to Purchase. The tender offers are not conditioned upon the tender of any minimum principal amount of the Securities, and neither of the tender offers is conditioned on the consummation of the other tender offer.

Information Relating to the Tender Offers

Goldman Sachs and J.P. Morgan are the dealer managers for the tender offers. Investors with questions regarding the tender offers may contact Goldman Sachs at (800) 828-3182 (toll-free) or (212) 357-1452 (U.S. callers) and J.P. Morgan at (866) 834-4666 (toll-free) or (212) 834-3554 (collect). D.F. King & Co., Inc. is the tender and information agent for the tender offers and can be contacted at (800) 370-1749 (toll-free) (bankers and brokers can call collect at (212) 269-5550) or by email at expe@dfking.com.

None of the Company or its affiliates, their respective boards of directors, the dealer managers, the tender and information agent or the trustee with respect to any Securities is making any recommendation as to whether holders should tender any Securities in response to any of the tender offers, and neither the Company nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their Securities, and, if so, the principal amount of Securities to tender.

Holders are urged to evaluate carefully all information in the Offer to Purchase, including the documents incorporated by reference therein, and to consult their own investment and tax advisors. If a holder holds Securities through a custodian bank, broker, dealer, commercial bank, trust company or other nominee, it may contact such custodian or nominee.

The full details of the tender offers are included in the Offer to Purchase. Holders are strongly encouraged to read carefully the Offer to Purchase, including materials incorporated by reference therein, because they contain important information. The Offer to Purchase may be obtained from D.F. King & Co., Inc., free of charge, by calling toll-free at (800) 370-1749 (bankers and brokers can call collect at (212) 269-5550) or by email at expe@dfking.com.

 

-2-


About Expedia Group

Expedia Group, Inc. companies power travel for everyone, everywhere through our global platform. Driven by the core belief that travel is a force for good, we help people experience the world in new ways and build lasting connections. We provide industry-leading technology solutions to fuel partner growth and success, while facilitating memorable experiences for travelers. Our organization is made up of four pillars: Expedia Services, focused on the group’s platform and technical strategy; Expedia Marketplace, centered on product and technology offerings across the organization; Expedia Brands, housing all our consumer brands; and Expedia for Business, consisting of business-to-business solutions and relationships throughout the travel ecosystem. The Expedia Group family of brands includes: Expedia®, Hotels.com®, Expedia® Partner Solutions, Vrbo®, trivago®, Orbitz®, Travelocity®, Hotwire®, Wotif®, ebookers®, CheapTickets®, Expedia Group Media Solutions, CarRentals.com, and Expedia Cruises.

Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the views of the Company’s management regarding current expectations and projections about future events and are based on currently available information. Actual results could differ materially from those contained in these forward-looking statements for a variety of reasons, including, but not limited to, those discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, Part I, ITEM 1A, “Risk Factors,” as well as those discussed in the Offer to Purchase. COVID-19, and the volatile regional and global economic conditions stemming from it, and additional or unforeseen effects from the COVID-19 pandemic, could also give rise to or aggravate these risk factors, which in turn could materially adversely affect our business, financial condition, liquidity, results of operations (including revenues and profitability) and/or stock price. Further, COVID-19 may also affect the Company’s operating and financial results in a manner that is not presently known to it or that it currently does not consider to present significant risks to its operations. Other unknown or unpredictable factors also could have a material adverse effect on the Company’s business, financial condition and results of operations. Accordingly, readers should not place undue reliance on these forward-looking statements. The use of words such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “goal,” “intends,” “likely,” “may,” “plans,” “potential,” “predicts,” “projected,” “seeks,” “should” and “will,” or the negative of these terms or other similar expressions, among others, generally identify forward-looking statements; however, these words are not the exclusive means of identifying such statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Accordingly, you should not place undue reliance on those statements. The Company is not under any obligation to, and does not intend to, publicly update or review any forward-looking statement or other statement in this communication, the Offer to Purchase or in any related supplement the Company prepares or authorizes or in any documents incorporated by reference into the Offer to Purchase, whether as a result of new information, future events or otherwise, even if experience or future events make it clear that any expected results expressed or implied by these forward-looking statements will not be realized. Please carefully review and consider the various disclosures made in this communication, the Offer to Purchase and in the Company’s reports filed with the SEC that attempt to advise interested parties of the risks and factors that may affect the Company’s business, prospects and results of operations.

Contacts

Investor Relations Communications

ir@expediagroup.com

press@expediagroup.com

 

-3-

EX-99.2 3 d377397dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

 

LOGO

Expedia Group, Inc. Announces Pricing for Tender Offers for Senior Notes

SEATTLE, WASHINGTON – September 12, 2022 – Expedia Group, Inc. (NASDAQ: EXPE) (the “Company”) today announced the pricing for its previously announced tender offers to purchase for cash up to $500,000,000 aggregate principal amount (the “Aggregate Tender Cap”) of the Company’s 2.950% Senior Notes due 2031 (the “2031 Notes”) and 3.25% Senior Notes due 2030 (the “2030 Notes” and, together with the 2031 Notes, the “Securities”).

 

Title of

Security

  CUSIP No./
ISIN No.
  Principal
Amount
Outstanding
    Acceptance
Priority
Level(1)
  Aggregate
Principal
Amount
Tendered
    Aggregate
Principal
Amount
Expected to
Be Accepted
    Early
Tender
Payment(2)(3)
    U.S. Treasury
Reference
Security
  Reference
Yield(4)
    Bloomberg
Reference
Page
  Fixed
Spread
    Total
Consideration(5)
 

2.950% Senior Notes due 2031

  30212P BH7 /
US30212PBH73;
30212P BF1 /
US30212PBF18;
U3010D AM2 /
USU3010DAM21
  $ 1,000,000,000     1   $ 685,101,000     $ 500,000,000       $50     2.75%
UST due
8/15/2032
    3.283   FIT1     210 bps       $835.70  

3.25% Senior Notes due 2030

  30212P AR6 /
US30212PAR64;
30212P AQ8 /
US30212PAQ81;
U3010D AG5 /
USU3010DAG52
  $ 1,250,000,000     2     N/A (6)      $0       $50     2.75%
UST due
8/15/2032
     N/A (6)    FIT1     205 bps       N/A (6) 

The tender offers are being made pursuant to an offer to purchase, dated August 26, 2022 (as it may be amended or supplemented from time to time, the “Offer to Purchase”), which sets forth the terms and conditions of the tender offers. Although the tender offers are scheduled to expire at 11:59 p.m., New York City time, on September 23, 2022, because the aggregate principal amount of Securities validly tendered and not validly withdrawn prior to or at the Early Tender Date exceeded the Aggregate Tender Cap, there will be no Final Settlement Date (as defined in the Offer to Purchase), and no Securities tendered after the Early Tender Date will be accepted for purchase. Further, because the Company intends to accept for purchase an aggregate principal amount of 2031 Notes in excess of the Aggregate Tender Cap, no 2030 Notes will be accepted for purchase. Securities tendered and not purchased on the Early Settlement Date will be returned to holders promptly after the Early Settlement Date.

The consideration (the “Total Consideration”) to be paid per $1,000 principal amount of 2031 Notes validly tendered and accepted for purchase has been determined in the manner described in the Offer to Purchase by reference to the applicable “Fixed Spread” specified in the table above, plus the Reference Yield for the 2031 Notes specified in the table above. Holders of 2031 Notes that were validly tendered

 

1 

The offers with respect to the Securities are subject to the Aggregate Tender Cap of $500,000,000.

2 

Per $1,000 principal amount.

3 

The Total Consideration for Securities validly tendered at or prior to 5:00 p.m., New York City time, on September 9, 2022 (the “Early Tender Date”) and accepted for purchase is calculated using the applicable Fixed Spread and is inclusive of the Early Tender Payment.

4 

The Reference Yield was determined at 10:00 a.m., New York City time, on September 12, 2022.

5 

Payable per each $1,000 principal amount of each specified series of Securities validly tendered and not validly withdrawn at or prior to the Early Tender Date and accepted for purchase, inclusive of the applicable Early Tender Payment.

6 

Given that no 2030 Notes will be accepted for purchase, the “Reference Yield”, “Total Consideration” and “Principal Amount Tendered” have been intentionally omitted.


and not validly withdrawn at or prior to the Early Tender Date and accepted for purchase will receive the Total Consideration, which is inclusive of an amount in cash equal to the amount set forth on the table above under the heading “Early Tender Payment” (the “Early Tender Payment”), plus accrued and unpaid interest on such 2031 Notes from the applicable last interest payment date up to, but not including, the settlement date, payable on such settlement date. It is anticipated that the settlement date for the 2031 Notes that were validly tendered at or prior to the Early Tender Date and accepted for purchase by the Company will be September 13, 2022.

The tender offers are subject to the satisfaction or waiver by the Company of certain conditions as set forth in the Offer to Purchase. The tender offers are not conditioned upon the tender of any minimum principal amount of the Securities, and neither of the tender offers is conditioned on the consummation of the other tender offer.

Information Relating to the Tender Offers

Goldman Sachs and J.P. Morgan are the dealer managers for the tender offers. Investors with questions regarding the tender offers may contact Goldman Sachs at (800) 828-3182 (toll-free) or (212) 357-1452 (U.S. callers) and J.P. Morgan at (866) 834-4666 (toll-free) or (212) 834-3554 (collect). D.F. King & Co., Inc. is the tender and information agent for the tender offers and can be contacted at (800) 370-1749 (toll-free) (bankers and brokers can call collect at (212) 269-5550) or by email at expe@dfking.com.

None of the Company or its affiliates, their respective boards of directors, the dealer managers, the tender and information agent or the trustee with respect to any Securities is making any recommendation as to whether holders should tender any Securities in response to any of the tender offers, and neither the Company nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their Securities, and, if so, the principal amount of Securities to tender.

Holders are urged to evaluate carefully all information in the Offer to Purchase, including the documents incorporated by reference therein, and to consult their own investment and tax advisors. If a holder holds Securities through a custodian bank, broker, dealer, commercial bank, trust company or other nominee, it may contact such custodian or nominee.

The full details of the tender offers are included in the Offer to Purchase. Holders are strongly encouraged to read carefully the Offer to Purchase, including materials incorporated by reference therein, because they contain important information. The Offer to Purchase may be obtained from D.F. King & Co., Inc., free of charge, by calling toll-free at (800) 370-1749 (bankers and brokers can call collect at (212) 269-5550) or by email at expe@dfking.com.

About Expedia Group

Expedia Group, Inc. companies power travel for everyone, everywhere through our global platform. Driven by the core belief that travel is a force for good, we help people experience the world in new ways and build lasting connections. We provide industry-leading technology solutions to fuel partner growth and success, while facilitating memorable experiences for travelers. Our organization is made up of four pillars: Expedia Services, focused on the group’s platform and technical strategy; Expedia Marketplace, centered on product and technology offerings across the organization; Expedia Brands, housing all our consumer brands; and Expedia for Business, consisting of business-to-business solutions and relationships throughout the travel ecosystem. The Expedia Group family of brands includes: Expedia®, Hotels.com®, Expedia® Partner Solutions, Vrbo®, trivago®, Orbitz®, Travelocity®, Hotwire®, Wotif®, ebookers®, CheapTickets®, Expedia Group Media Solutions, CarRentals.com, and Expedia Cruises.

 

-2-


Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the views of the Company’s management regarding current expectations and projections about future events and are based on currently available information. Actual results could differ materially from those contained in these forward-looking statements for a variety of reasons, including, but not limited to, those discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, Part I, ITEM 1A, “Risk Factors,” as well as those discussed in the Offer to Purchase. COVID-19, and the volatile regional and global economic conditions stemming from it, and additional or unforeseen effects from the COVID-19 pandemic, could also give rise to or aggravate these risk factors, which in turn could materially adversely affect our business, financial condition, liquidity, results of operations (including revenues and profitability) and/or stock price. Further, COVID-19 may also affect the Company’s operating and financial results in a manner that is not presently known to it or that it currently does not consider to present significant risks to its operations. Other unknown or unpredictable factors also could have a material adverse effect on the Company’s business, financial condition and results of operations. Accordingly, readers should not place undue reliance on these forward-looking statements. The use of words such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “goal,” “intends,” “likely,” “may,” “plans,” “potential,” “predicts,” “projected,” “seeks,” “should” and “will,” or the negative of these terms or other similar expressions, among others, generally identify forward-looking statements; however, these words are not the exclusive means of identifying such statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Accordingly, you should not place undue reliance on those statements. The Company is not under any obligation to, and does not intend to, publicly update or review any forward-looking statement or other statement in this communication, the Offer to Purchase or in any related supplement the Company prepares or authorizes or in any documents incorporated by reference into the Offer to Purchase, whether as a result of new information, future events or otherwise, even if experience or future events make it clear that any expected results expressed or implied by these forward-looking statements will not be realized. Please carefully review and consider the various disclosures made in this communication, the Offer to Purchase and in the Company’s reports filed with the SEC that attempt to advise interested parties of the risks and factors that may affect the Company’s business, prospects and results of operations.

Contacts

Investor Relations Communications

ir@expediagroup.com

press@expediagroup.com

 

-3-

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Document and Entity Information
Sep. 12, 2022
Cover [Abstract]  
Amendment Flag false
Entity Central Index Key 0001324424
Document Type 8-K
Document Period End Date Sep. 12, 2022
Entity Registrant Name EXPEDIA GROUP, INC.
Entity Incorporation State Country Code DE
Entity File Number 001-37429
Entity Tax Identification Number 20-2705720
Entity Address, Address Line One 1111 Expedia Group Way W.
Entity Address, City or Town Seattle
Entity Address, State or Province WA
Entity Address, Postal Zip Code 98119
City Area Code (206)
Local Phone Number 481-7200
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Common Stock, par value $0.0001 per share
Trading Symbol EXPE
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
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