Expedia Group, Inc. (NASDAQ:EXPE) Q3 2023 Earnings Call Transcript

Now it’s a matter of brand marketing, as a matter of consumer experience, we are focused on the big 3 and we will keep doing that. And in different parts of the world, that may look slightly different. We may have fewer than three. We may have one or two that’s under a different name. But in general, we are going to be focused on a small group of brands where all the spending goes and then to the extent we have these other brands, we don’t want to run customers off. As you say, that’s been a drag. It’s increasingly small drag, if I can say that, like it’s getting smaller and so the drag is getting smaller, which is helping us, honestly, as we start to accelerate the bigger pieces and they outrun the drags. But we’re also not trying to accelerate their drag on us, and we will maintain those as long as customers like using them, but you should expect those to continue to shrink and for virtually all our energy certainly are spending energy to go into the core brands.

Thank you.

Peter Kern: I think that’s it. So thank you, operator. That’s the last question. Thank you all for joining us today. We look forward to talking to you after the end of the year. Take care.

Operator: That concludes today’s call. Thank you for joining, everyone. You may now disconnect your lines. Have a nice day.