{
  "docId": "019dd923-5eff-723e-9be6-9f99a1f3abd8",
  "docSlug": "0ebd4faa9bf61316",
  "documentTitle": "2025 Q4 Earnings Presentation",
  "authorId": "Expedia",
  "authorName": "Expedia Group",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 10,
  "pageCount": 26,
  "prevPage": 9,
  "nextPage": 11,
  "slideType": "kpi_dashboard",
  "function": "analyze_data",
  "density": "balanced",
  "nDataPoints": 20,
  "notes": "The slide uses a consistent color scheme where the most recent quarter (Q4-25) is highlighted in dark blue.",
  "elementsJson": [
    "bar_chart_vertical",
    "kpi_table",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5eff-723e-9be6-9f99a1f3abd8/10",
  "deckHref": "/decks/019dd923-5eff-723e-9be6-9f99a1f3abd8",
  "deckJsonHref": "/decks/019dd923-5eff-723e-9be6-9f99a1f3abd8.json",
  "deckAnchorHref": "/decks/019dd923-5eff-723e-9be6-9f99a1f3abd8#slide-10",
  "components": [
    {
      "bbox": {
        "h": 0.65,
        "w": 0.45,
        "x": 0.037,
        "y": 0.22
      },
      "kind": "chart",
      "text": "Adjusted EBITDA ($ in millions)",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "578ebb9b-ee26-4950-b969-0ac98b9064ae",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.65,
        "w": 0.45,
        "x": 0.52,
        "y": 0.22
      },
      "kind": "chart",
      "text": "Adjusted Earnings Per Share (EPS)",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a2292609-533c-479e-91e3-00bc91bc77d5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.5,
        "x": 0.037,
        "y": 0.96
      },
      "kind": "disclaimer",
      "text": "A reconciliation of non-GAAP financial measures to the most comparable GAAP measures is provided in the Appendix of this presentation",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f9537f2f-d9ba-455c-b5e3-175c3b4cae3e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Adjusted EBITDA: $1,449M",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-6679-74c5-a1d3-eba4270c59cd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.36,
        "x": 0.037,
        "y": 0.105
      },
      "kind": "title",
      "text": "Expedia Group Margins",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a9b5ae82-e78b-4453-8845-5618f25d71ec",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 11,
      "from": 10,
      "beatId": "28c5a9d2-d072-46a9-a54d-eb923c4a476e",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Satisfaction",
      "beatSlug": "monroes-sequence-satisfaction",
      "evidence": "Improving Operational Efficiency, Free Cash Flow and Capital Return",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [
    {
      "to": 11,
      "from": 3,
      "name": "Logic Chain",
      "slug": "01-logic-chain",
      "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis",
      "matchId": "3fa7a7ff-71cb-4670-a54b-b518d2bacc86",
      "evidence": "The deck provides a clear logic chain between operational metrics and financial results",
      "position": 0,
      "objective": "Understand the relationship between operational efficiency and financial performance",
      "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)",
      "confidence": 0.7,
      "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}