Barry Diller: Expedia normally spends $5 billion on ads but probably 'won't spend $1 billion' this year [CNBC]
Expedia Group, Inc. (EXPE)
Last expedia group, inc. earnings: 2/13 04:01 pm
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Source: CNBC
Key PointsVIDEO16:02Barry Diller on coronavirus economic impact, bailing out industries and more"At Expedia, for instance, we spend $5 billion a year on advertising. We won't spend $1 billion on advertising probably this year," Diller said. "You just rip that across everything." He noted that advertising spend across the board would be hit in the second quarter.Advertisers havepulled back significantlyShares in Expedia Group, whose brands include Expedia, Hotels.com, Trivago, Orbitz and more, were down roughly 1% Thursday morning.Expedia Group and its peers, likeBooking Holdingsspend heavilyGoogleThat came after shares of Expedia reached new year-to-date lows in Novemberwhen the company saidRadarin a March research reportIn a survey last month, the Interactive Bureau surveyed nearly 400 media planners, buyers and brands responsible for U.S. ad spend, and found that 74% of them believe the coronavirus will have a greater impact on ad spend in the country than the 2008-09 financial cri
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News
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EXPE
Earnings
- 11/6/25 - Beat
EXPE
Sec Filings
- 12/2/25 - Form 4
- 12/1/25 - Form 144
- 11/26/25 - Form 4
- EXPE's page on the SEC website