Expedia Group Announces $5 Billion Share Repurchase Authorization
November 02 2023 - 4:02PM
Business Wire
Expedia Group, Inc. (NASDAQ: EXPE) announced today that its
Board of Directors has approved a $5 billion share repurchase
authorization of the company’s common stock, which is effective
immediately and is in addition to the company’s currently
outstanding share repurchase authorization.
"The decision to approve a new $5 billion share repurchase
authorization reflects our confidence in the long-term outlook of
our company and the cash generating power of our business, as well
as our commitment to maximizing returns for our shareholders," said
Peter Kern, Vice Chairman and CEO, Expedia Group.
Expedia Group’s share repurchase authorizations do not have
fixed expiration dates and do not obligate the company to acquire
any specific number of shares. Under the programs, shares may be
repurchased in the open market or in privately negotiated
transactions. The timing, manner, price and amount of any
repurchases will be subject to the discretion of the company and
depend on a variety of factors, including the market price of
Expedia Group’s common stock, general market and economic
conditions, regulatory requirements, and other business
considerations.
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 three pillars: Expedia Product &
Technology, focused on the group’s product and technical strategy
and offerings; 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 press release contains forward-looking statements,
including those regarding Expedia Group’s future shareholder
returns, outlook and financial performance. These statements and
their underlying assumptions are subject to risks and uncertainties
and are not guarantees of future performance. Factors that could
cause actual results to differ materially from those expressed or
implied by such statements include without limitation the risks and
uncertainties described in the “Risk Factors” section of our most
recent Annual Report on Form 10-K, as well as our subsequent
Quarterly Reports on Form 10-Q and other filings with the
Securities and Exchange Commission. All forward-looking statements
are based on management’s current estimates, projections and
assumptions, and we assume no obligation to update them.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231102339396/en/
Investor Relations ir@expedia.com
Communications press@expedia.com
Expedia (NASDAQ:EXPE)
Historical Stock Chart
From Apr 2024 to May 2024
Expedia (NASDAQ:EXPE)
Historical Stock Chart
From May 2023 to May 2024