Expedia Group (EXPE) Revenue — Quarter Ended Mar 31, 2023
Revenue in the first quarter of fiscal 2023 grew compared to both the immediate prior quarter and the same period a year earlier. The sequential increase followed a decline in the final quarter of the prior fiscal year.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue in the first quarter of fiscal 2023 grew compared to both the immediate prior quarter and the same period a year earlier. The sequential increase followed a decline in the final quarter of the prior fiscal year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.7B
Revenue reported for this quarter.
Quarter-over-quarter
+1.8%
Change from the immediately preceding quarter.
Year-over-year
+18.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $3.2B | +50.7% |
| Sep 30, 2022 | $3.6B | +22.2% |
| Dec 31, 2022 | $2.6B | +14.9% |
| Mar 31, 2023 | $2.7B | +18.5% |
Revenue performance
Revenue for the quarter rose from the preceding quarter, reversing the prior period's decline. The level was also higher than the same quarter one year earlier.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased. Compared with the same quarter one year ago, revenue also showed growth.
What to watch
The sequential revenue improvement occurred after a decline in the prior quarter, suggesting a focus on sustaining this upward trajectory.