Expedia Group
Q2 2023 Earnings Call
Aug 03, 2023, 9:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, everyone, and welcome to the Expedia Group Q2 2023 financial results teleconference. My name is Colby and I'll be the operator for today's call. [Operator instructions] For opening remarks, I will turn the call over to SVP, corporate development, strategy, and investor relations, Harshit Vaish. Please go ahead.
Harshit Vaish -- Senior Vice President, Corporate Development, Strategy, and Investor Relations
Welcome to Expedia Group's second-quarter 2022 earnings call. I'm pleased to be joined on today's call by our CEO, Peter Kern; and our CFO, Julie Whalen. As a reminder, our commentary today will include references to certain non-GAAP measures. Reconciliations of these non-GAAP measures to the most comparable GAAP measures are included in our earnings release.
and unless otherwise stated, any reference to expenses excludes stock-based compensation. We will also be making forward-looking statements during the call, which are predictions, projections, or other statements about future events. These statements are based on current expectations and assumptions, which are subject to risks and uncertainties that are difficult to predict. Actual results could materially differ due to factors discussed during this call and in our most recent forms 10-K, 10-Q, and other filings with the SEC.
Except as required by law, we do not undertake any responsibility to update these forward-looking statements. Our earnings release, SEC filings, and a replay of today's call can be found on our Investor Relations website at ir.expediagroup.com. And with that, let me turn the call over to Peter.
Peter Kern -- Chief Executive Officer
Thanks, Harshit, and good morning, and thank you all for joining us today. Travel demand has remained robust, and we are pleased to see our continued execution result in solid performance for the second quarter. As gratifying as those results are, I'm even more excited with the progress on our platform transformation journey, having just launched One Key in the U.S. and continuing to be on schedule with our verbal migration.
We are particularly pleased that we were able to meet our second-quarter financial goals while electing to move some marketing spend from Q2 to Q3, where we believe it can better can be better spent in support of the launch of One Key and our accelerated growth in the back half of the year. Industry trends have remained broadly consistent with the first quarter demand in North America and Europe has remained stable with stronger growth in APAC and Latin America. Travelers worldwide continue to favor shorter stays in urban locations versus longer trips in sun and ski destinations. As far as pricing, both hotel and vacation rental ADRs are holding up year over year, while international cross-border airfares are stable.