Tillkännagivande • 21h
Expedia Group B2B Introduces AI Toolkit And Platform For The Future Of Travel Distribution Expedia Group B2B announced a new set of AI-powered products and partnerships that make it easier for companies in any sector to build travel into their customer experiences. Expedia Group B2B serves 75,000 partners across industry verticals and 200,000 travel advisors, and its platform processes 21 billion API calls a day (Expedia Group internal data, 2025). Expedia Group B2B previewed its new, in-development AI toolkit, which rolls out with select partners in the coming months. It simplifies how B2B partners connect Expedia Group capabilities into AI experiences across APIs, interfaces, and agent workflows. At the core is the Intelligent Experience Platform, a set of composable AI components designed to help partners launch branded travel experiences powered by Expedia Group intelligence. Expedia Group B2B aims to reduce the time and investment required for partners to launch travel experiences and help them prepare for a future where travelers increasingly expect AI-assisted trip planning. Expedia Group B2B is expanding its car rental, ground transport and Insurtech solutions. Expedia Group shared it has entered into an agreement to acquire CarTrawler, an Ireland-based B2B platform powering travel brands. CarTrawler follows Expedia Group’s recent acquisition of Tiqets, the Amsterdam-based activities and experiences platform, and together the acquisitions advance the growth strategy the company outlined to expand its Rapid API beyond lodging to include car, flights, activities and trip protection. CarTrawler’s capabilities, coupled with Expedia Group’s scale, technology and partner network, unlock several new growth opportunities for partners as well as choice and value for travelers. The transaction, which remains subject to customary closing conditions, is expected to close in the second half of 2026. For Rapid API partners, two new merchandising solutions can help drive demand and improve conversion: The B2B Partner Portal account can now be used to plan and track marketing strategies. The new Merchandising API can now be tapped to build marketing experiences across platforms and channels. Expedia Group Advertising also shared advances to its Travel Media Network, including: An enhanced AI-powered advertising portal, with strategies like Max Room Nights bidding. Richer ad formats across search results, property pages, Trips, and checkout. Broader reach via DSPs and exclusive media partnerships. Expedia Group emphasized the governance and infrastructure behind its B2B platform: A Responsible AI Council that reviews high-risk AI deployments before they scale. Servicing remains a core strategic priority, with continued investment in people, processes, and AI as the B2B network grows. Expedia Group B2B currently: Handles more than 7 million servicing calls a year for partners. Provides 24/7 native voice support across 25 languages. Tillkännagivande • May 21
Expedia Group, Inc. (NasdaqGS:EXPE) has entered into an agreement to acquire ETrawler Unlimited Company. Expedia Group, Inc. (NasdaqGS:EXPE) has entered into an agreement to acquire ETrawler Unlimited Company on May 20, 2026.
CarTrawler is headquartered in Dublin, with offices in Paris, London, New York and Sydney, CarTrawler’s team of over 300 specialists.
The transaction, which remains subject to customary closing conditions, is expected to close in the second half of 2026. Tillkännagivande • May 10
Expedia Group, Inc. (NasdaqGS:EXPE) announces an Equity Buyback for $5,000 million worth of its shares. Expedia Group, Inc. (NasdaqGS:EXPE) announces a share repurchase program. Under the program, the company will repurchase up to $5,000 million worth of its shares. The program does not have fixed expiration date. Reported Earnings • May 08
First quarter 2026 earnings released: US$0.049 loss per share (vs US$1.56 loss in 1Q 2025) First quarter 2026 results: US$0.049 loss per share (improved from US$1.56 loss in 1Q 2025). Revenue: US$3.43b (up 15% from 1Q 2025). Net loss: US$6.00m (loss narrowed 97% from 1Q 2025). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Hospitality industry in Italy. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 34% per year. Tillkännagivande • May 08
Expedia Group, Inc. Declares Quarterly Cash Dividend, Payable on June 18, 2026 Expedia Group’s Executive Committee, acting on behalf of its Board of Directors, has declared a quarterly cash dividend of $0.48 per share of outstanding common stock, payable on June 18, 2026 to stockholders of record as of the close of business on May 28, 2026. Tillkännagivande • May 02
Expedia Group, Inc., Annual General Meeting, Jun 17, 2026 Expedia Group, Inc., Annual General Meeting, Jun 17, 2026. Tillkännagivande • Apr 25
Expedia Group, Inc. Announces Chief Financial Officer Changes Expedia Group, Inc. announced that Derek Andersen has been appointed Chief Financial Officer, effective May 11, 2026. As CFO, Mr. Andersen will lead Expedia Group’s global finance organization and report to Chief Executive Officer Ariane Gorin. He succeeds Scott Schenkel, who is stepping down from the role of CFO after strengthening the company’s financial foundation and supporting margin expansion over the last 16 months. Mr. Schenkel will stay on through Expedia Group’s first quarter earnings call on May 7, 2026, before departing the company on May 16, 2026. Mr. Andersen has led finance for high-growth, technology-driven consumer platforms across social media, streaming, ecommerce, and digital media. Prior to joining Expedia Group, he served as Chief Financial Officer of Snap Inc. from May 2019 through April 2026, having previously served as Snap’s Vice President of Finance since July 2018. Before Snap, Mr. Andersen held a variety of finance leadership roles at Amazon.com, Inc. from March 2011 to June 2018, including as Vice President of Finance supporting Amazon’s digital video business. He also held senior roles at Fox Interactive Media, including Senior Vice President, Finance and Business Operations for IGN, and Vice President, Finance. Mr. Andersen holds a B.B.A. from Acadia University, an M.B.A. from the Haas School of Business at the University of California, Berkeley, and is a CFA charterholder. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €227, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Hospitality industry in Europe. Total returns to shareholders of 168% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €431 per share. Tillkännagivande • Apr 10
Expedia Group, Inc. to Report Q1, 2026 Results on May 07, 2026 Expedia Group, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 07, 2026 Recent Insider Transactions • Mar 08
Insider recently sold €1.6m worth of stock On the 4th of March, Robert Dzielak sold around 8k shares on-market at roughly €190 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.6m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €210, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Hospitality industry in Europe. Total returns to shareholders of 112% over the past three years. New Risk • Feb 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Reported Earnings • Feb 13
Full year 2025 earnings released: EPS: US$10.32 (vs US$9.39 in FY 2024) Full year 2025 results: EPS: US$10.32 (up from US$9.39 in FY 2024). Revenue: US$14.7b (up 7.6% from FY 2024). Net income: US$1.29b (up 4.9% from FY 2024). Profit margin: 8.8% (down from 9.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Hospitality industry in Italy. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jan 16
Expedia Group, Inc. to Report Q4, 2025 Results on Feb 12, 2026 Expedia Group, Inc. announced that they will report Q4, 2025 results After-Market on Feb 12, 2026 New Risk • Dec 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.1% average weekly change). Minor Risk Significant insider selling over the past 3 months (€1.3m sold). Tillkännagivande • Dec 11
Expedia Group, Inc. (NasdaqGS:EXPE) agreed to acquire Tiqets International B.V. Expedia Group, Inc. (NasdaqGS:EXPE) agreed to acquire Tiqets International B.V. on December 10, 2025.
The transaction, which remains subject to Works Council advice and other customary closing conditions, is expected to close in the first quarter of 2026. Tillkännagivande • Dec 04
Expedia Group, Inc. Launches Shoppable Set-Jetting Travel Hub to Turn On-Screen Scenes into Real-Life Itineraries Expedia Group, Inc. is bringing screen-inspired travel to life by launching a new travel hub featuring its Unpack ’26 Set-Jetting trend. The Set-Jetting travel hub is a one-stop shop for curated hotels, activities, and flights to the most buzzworthy destinations, bringing the magic of blockbuster movies and hit TV shows straight into travelers' itineraries. After four years of forecasting Set-Jetting getaways, Expedia created the Set-Jetting travel hub to help travelers choose where to vacation next. With 81% of Gen Z and Millennial travelers now planning trips based on what they watch,* Set-Jetting is shaping the future of travel. Designed to turn watchlist wanderlust into real trips, the shoppable Set-Jetting travel hub provides inspiration for where to stay and what to do in destinations made famous by iconic scenes and beloved characters. In addition to tours, activities, and flights, travelers can book hotels where cast members have stayed while filming and VIP Access properties that offer exclusive perks for those booking through Expedia, such as free room upgrades (when available) and spa credits. Explore the 2026 Set-Jetting Forecast and travel hub: Key highlights include: Explore Mythical Landscapes in Peloponnese, Greece – inspired by The Odyssey, Witness Hollywood Glam in Los Angeles, USA – inspired by Nobody Wants This, Visit the Romantic Moors in Yorkshire, U.K.- inspired by Wuthering Heights, Enjoy a Tuscan Escape in Italy – inspired by Jay Kelly, Discover Island Magic in Hawaii and Samoa – inspired by Moana (Live Action), Fall in Love with the Dalmatian Coast and Barcelona – inspired by People We Meet on Vacation, Experience Epic Landscapes in Wellington, New Zealand – inspired by Avatar: Fire & Ash, Relax at Tropical Resorts in the Philippines – inspired by The Last Resort, Experience Period Elegance in Hampshire and Yorkshire, U.K. – inspired by Downton Abbey: The Grand Finale, Step into Fashion in Paris, France – inspired by Emily in Paris, Lounge in Luxury in Thailand – inspired by White Lotus. Tillkännagivande • Dec 02
Expedia Group Inc Appoints Xavier Amatriain as Chief Artificial Intelligence and Data Officer Expedia Group Inc. named Xavier Amatriain as the company's first chief artificial intelligence and data officer. Amatriain will oversee the company's machine learning and data science efforts. He was most recently a vice president with Google's AI team. Amatriain joined Google in March 2024, before which he was the co-founder and chief technology officer at the digital health company Curai Health. Other stops in his career include LinkedIn, Quora and Netflix. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: US$7.75 (vs US$5.27 in 3Q 2024) Third quarter 2025 results: EPS: US$7.75 (up from US$5.27 in 3Q 2024). Revenue: US$4.41b (up 8.7% from 3Q 2024). Net income: US$959.0m (up 40% from 3Q 2024). Profit margin: 22% (up from 17% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Hospitality industry in Italy. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Oct 10
Expedia Group, Inc. Unveils New Suite of AI and Machine Learning-Powered Tools Designed to Help Partners Drive Speed, Scale and Personalization Expedia Group, Inc. unveiled a new suite of AI and machine learning-powered tools designed to help partners drive speed, scale and personalization. Highlights include Smart Trip AI™?, a new trip planning tool that provides hotel and activity inspiration, and the piloting of the Lodging Sponsored Listings API, a new advertising solution that unlocks advertising for B2B partners. AI and machine learning-powered features: With more than 350 AI models currently integrated throughout Expedia Group's marketplace, every stage of the travel journey is enhanced. By combining its vast first-party data with AI, Expedia Group delivers smarter, more personalized experiences for partners and travelers. Smart Trip AI: CuratedPlanning at Scale: travelers expect effortless planning. By marrying industry expertise, travel supply and cutting-edge technology with a partner's loyalty offerings, Smart Trip AI™? delivers a conversational AI tool that provides curated, real-time trip recommendations. It streamlines the planning process, by helping users discover, compare and select options more efficiently. Merchandising API: Smarter Campaigns, Better Deals: Merchandising is about promoting travel products -- like hotels and packages -- effectively. Surfacing timely, relevant and valuable offers to travelers when they start planning their next trip allows brands to deepen engagement and increase conversion at the right moment. With 58% of travelers signaling they are more price-conscious this year, promoting valuable deals is critical. new Merchandising solutions, rolling out in 2026, use machine learning to help partners run timely, high-performing campaigns quickly and effectively. This product is currently in beta testing. Typeahead API: From Inspiration to Booking: Typehead API unlocks an effective way for partners to guide travelers from inspiration to booking. When travelers start typing in the search bar, the tool instantly suggests relevant destinations and locations, making it easier to find what they're looking for. This leads to a better shopping experience, retains more visitors on site, and increases booking rates.ripbtoz, an online travel agency headquartered in Seoul, South Korea, saw a 20% boost in search-to-book conversion after integrating the API. Amplifying partner content through Expedia Group Advertising: full-funnel travel media network provides unparalleled reach, connecting with travelers on-site, offsite, and through B2B network. Lodging Sponsored Listings APIs: Monetize Traffic with Relevant Recommendations. The Lodging Sponsored ListingsAPI enables B2B partners to display lodging sponsored listings from Expedia Group on their own sites, apps, or platforms. This allows them to monetize their traffic while offering relevant property recommendations to their travelers and provides lodging advertisers more opportunities to reach new audiences. The product is currently in beta testing. Tillkännagivande • Oct 03
Expedia Group, Inc. to Report Q3, 2025 Results on Nov 06, 2025 Expedia Group, Inc. announced that they will report Q3, 2025 results on Nov 06, 2025 Tillkännagivande • Sep 18
Expedia Group Unveils More Demand for Vacation Rental Partners with Strong Distribution Across Its Market and New Technologies Expedia Group announced the expansion of Vrbo®? distribution through its globally renowned brands and updates to its vacation rental marketplace, including strengthening the Premier Host program and introducing new products for hosts. The company also announced new AI-powered features and upgrades to its guest review experience to simplify travel planning. The announcements were made during EXPLORE Connect: Vacation Rentals, where hundreds of partners convened to hear the latest on Expedia Group's vacation rental strategy and developments to its Vrbo brand. Better Visibility Across Expedia Group's Ecosystem: Expedia Group's globally recognized brands and B2B partnerships are diversifying demand for vacation rental partners and amplifying discoverability for travelers. B2B Expedia Group: Expedia Group is gradually rolling out the distribution of eligible Vrbo properties through its B2B network, which consists of 70,000 businesses and more than 160,000 travel agents. Partners like Delta, Alaska Airlines, and Revolut are among the first to distribute Vrbo supply. Expedia®?: Expedia is making it easier for travelers to find and consider vacation rentals with enhanced search capabilities, including a new tab-view filter that seamlessly switches between hotels and vacation rental listings, and a new fall advertising campaign. Updated qualifications include a 99% acceptance rate, 0% cancellation rate, and a 4.6+ review rating. Harnessing the Power of Expedia Group's Technology: Vrbo's latest tech solutions streamline operations and unlock new revenue opportunities for partners. Performance Milestones: Beginning in early 2026, Vrbo's new personalized coaching experience provides actionable insights to help hosts improve performance. As partners improve, they unlock benefits through Vrbo's new Performance Milestones, including new trust signals -- such as the Top 1% badge - and increased visibility in search. Content Management and Onboarding (Live Now): Partners can now easily onboard new properties and manage content and policies seamlessly within their software. The new self-service capabilities reduce these tasks from days to hours and enable near real-time content updates. Vrbo Promotions (Live Now): More partners will now have access to Vrbo Promotions through their software of choice, including early booking, last minute, mobile, and Member Only deals. Escapia, the first third-party software in development, will offer partners access to Vrbo Prom promotions later this year. Vrbo Payments (Pilot): Vrbo's new optional payment solution enables Vrbo to act as the merchant of record and directly collect booking fees from travelers. Vrbo Payments helps property managers drive more bookings, streamline operations, and unlock the ability for One Key®? members to redeem OneKeyCash®? on more vacation rental than ever before. Trust-Building Tools Powered by AI: Vrbo is testing new AI features to simplify trip planning for travelers and put guest reviews at the forefront. AI Guest Review Summary (Live Now): This feature uses GenAI to instantly scan and summarize guest reviews, making it quick and easy to see at a glance what real guests consistently call out about properties. AI Property Q&A (Beta): This feature uses AI to provide instant answers using property details and guest reviews. AI-Powered Property Highlights (Testing): Located near the top of the top of the Expedia Group's vacation rental strategies, including a 100% acceptance rate, 1.6+ review rating. Tillkännagivande • Sep 03
Expedia Group Launches Season 5 of "Powering Travel" Podcast Featuring Prominent Voices in Travel, Hospitality, and Culture Expedia Group is turning up the volume on travel inspiration with the launch of Season 5 of its hit podcast, Powering Travel, debuting Tuesday, September 9. This season brings together a vibrant mix of celebrity guests, cultural tastemakers, and industry leaders to explore how travel shapes their lives--and their screens. Powering Travel host Elisabeth Goodridge interviews The White Lotus star Tayme Thapthimthong. Hosted by award-winning travel editor Elisabeth Goodridge, Powering Travel goes beyond the itinerary to uncover the stories behind the journeys. From the beaches of Thailand to the freeways of Los Angeles, this season is packed with cinematic moments, personal rituals, and bold ideas that redefine what it means to explore. Season 5 Highlights Include: Tayme ThapthIMthong ("The White Lotus") shares behind-the-scenes stories from filming in Thailand and how the show is inspiring real-world travel. "First thing I do when I check in? Board shorts, Hawaiian shirt, and I go looking for a coconut." Arthur Brooks(Happiness Expert, Author, Speaker) on the science of joy and why travel is essential to well-being. Jaime Camil (actor, Entrepreneur) on cultural connection and the power of travel to build empathy. Phil Keoghan ("The Amazing Race") on resilience, adventure, and what global competition teaches about humanity. Chef Julian Hagood (Hospitality Entrepreneur) on food as a passport to culture and community. Ariane Gorin (CEO, Expedia Group) on the future of travel and how Expedia is powering it. Each weekly episode delivers unfiltered conversations, cultural insights, and personal stories that make user want to pack a bag and go. Powering Travel is available on Apple Podcasts, Spotify, Amazon Music, YouTube, and Castbox. Upcoming Dividend • Aug 20
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 27 August 2025. Payment date: 18 September 2025. Payout ratio is a comfortable 9.2% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Italian dividend payers (5.0%). Lower than average of industry peers (2.8%). Recent Insider Transactions • Aug 16
Chief Legal Officer & Secretary recently sold €1.0m worth of stock On the 13th of August, Robert Dzielak sold around 6k shares on-market at roughly €173 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.2m more than they bought in the last 12 months. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: US$2.61 (vs US$2.93 in 2Q 2024) Second quarter 2025 results: EPS: US$2.61 (down from US$2.93 in 2Q 2024). Revenue: US$3.79b (up 6.4% from 2Q 2024). Net income: US$330.0m (down 14% from 2Q 2024). Profit margin: 8.7% (down from 11% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Hospitality industry in Italy. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jul 08
Expedia Group, Inc. to Report Q2, 2025 Results on Aug 07, 2025 Expedia Group, Inc. announced that they will report Q2, 2025 results After-Market on Aug 07, 2025 Reported Earnings • May 09
First quarter 2025 earnings released: US$1.56 loss per share (vs US$1.00 loss in 1Q 2024) First quarter 2025 results: US$1.56 loss per share (further deteriorated from US$1.00 loss in 1Q 2024). Revenue: US$2.99b (up 3.4% from 1Q 2024). Net loss: US$200.0m (loss widened 48% from 1Q 2024). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Hospitality industry in Italy. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 09
Expedia Launches Industry-First Feature That Turns Instagram Reels into Bookable Travel Itineraries Expedia®? announced Expedia®? Trip Matching, a feature that allows travelers to seamlessly build an itinerary based on an Instagram Reel and then book directly on Expedia. Travelers can share any publicly available travel-related Reel--whether from content creators they follow or trending posts--directly with Expedia and receive customized itineraries, destination ideas, and travel tips based on the video. Powered by AI, this new experience transforms inspiration into real-world travel plans, making it easier than ever to book travel directly from Instagram. How Expedia®? trip Matching works: Find inspiration: While scrolling Instagram, a user finds a Reel featuring a destination or experience they love. Share it with Expedia: They tap the share icon on the Reel, search for the @Expedia account, and send the video. Receive fast results: Expedia replies with AI-generated, personalized travel recommendations, itineraries, and trip-planning resources based on the video. Book when ready: Travelers can review and book directly from the customized itinerary--seamlessly bridging social discovery with real-world booking. Tillkännagivande • Apr 22
Expedia Group, Inc., Annual General Meeting, Jun 03, 2025 Expedia Group, Inc., Annual General Meeting, Jun 03, 2025. Tillkännagivande • Dec 23
Prosus N.V. (ENXTAM:PRX) has entered into a definitive merger agreement to acquire Despegar.com, Corp. (NYSE:DESP) for $1.6 billion. Prosus N.V. (ENXTAM:PRX) has entered into a definitive merger agreement to acquire Despegar.com, Corp. (NYSE:DESP) for $1.6 billion on December 23, 2024. Under the terms of agreement, Despegar to be acquired by Prosus (Euronext: PRX), a leading global technology company for $19.50 per share in an all cash transaction (the “Transaction”), representing an enterprise value of approximately $1.7 billion for Despegar. Under the terms of the Agreement, a wholly owned subsidiary of Prosus will merge with Despegar, with Despegar continuing as the surviving entity, and each outstanding share of Despegar will be converted into the right to receive $19.50 per share in cash. Despegar’s outstanding Series A Preferred Shares will be cancelled and converted into the right to receive payment of the amount due in accordance with their terms. As a part of acquisition, Certain shareholders of the Company, including the holder of Despegar’s Series A Preferred Shares, have entered into voting and support agreements with Prosus undertaking to vote in favor of the transaction. Upon completion of the transaction Despegar will become a privately-held company, its ordinary shares will be delisted from the New York Stock Exchange and it will no longer be listed on any public market. The transaction introduces a significant and compelling addition to Prosus's Latin America ecosystem, which, post-transaction, will expand to serve over 100 million customers across local e-commerce, travel, and fintech sectors.
The transaction is currently subject to the approval of Despegar’s shareholders, the receipt of required regulatory clearances, and other customary closing conditions. Despegar’s Board of Directors has approved the Agreement and has resolved to recommend that Despegar shareholders vote in favor of the adoption of the Agreement and the approval of the merger contemplated thereby. This approval follows the unanimous recommendation of a transaction committee of the Board of Directors comprised solely of independent directors that was formed in connection with the transaction (the “Transaction Committee”). The transaction is not subject to a financing condition. Through this acquisition, Prosus plans to create synergies between Despegar and its other regional businesses, such as iFood, Latin America's leading food delivery platform with 60 million customers per year, and Sympla, a prominent events platform. The transaction is currently expected to close in Q2 2025.
Goldman Sachs & Co. LLC is serving as exclusive financial advisor to the Transaction Committee; Allen Overy Shearman Sterling LLP is serving as legal counsel to Despegar. Morgan Stanley & Co. International PLC served as exclusive financial advisor with Davis Polk & Wardell LLP serving as legal advisor to Prosus on the transaction. 
