EXPE

Expedia’s first quarter results surpassed Wall Street’s expectations, yet investor sentiment turned negative following the report. Management attributed the quarter’s performance to strong execution in both consumer and B2B segments, robust marketing discipline, and the scaling impact of artificial intelligence (AI) across the business. CEO Ariane Gorin highlighted that while U.S. room night growth remained steady, cancellations spiked in Europe and Asia due to geopolitical events and travel advisories. “When travelers needed us most, we took care of them, working with our partners in the region to extend cancellation flexibility,” Gorin explained, referencing operational agility during periods of disruption. Is now the time to buy EXPE? Find out in our full research report (it’s free). Revenue: $3.43 billion vs analyst estimates of $3.35 billion (14.7% year-on-year growth, 2.2% beat) Adjusted EPS: $1.96 vs analyst estimates of $1.38 (42.3% beat) Adjusted EBITDA: $542 million vs analyst estimates of $451.7 million (15.8% margin, 20% beat) Revenue Guidance for Q2 CY2026 is $4.16 billion at the midpoint, above analyst estimates of $4.12 billion Operating Margin: 7.3%, up from -2.3% in the same quarter last year Room Nights Booked: 113.9 million, up 6.2 million year on year Market Capitalization: $26.11 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Brian Nowak (Morgan Stanley) asked about April and May macro trends and how these were reflected in room night guidance. CFO Scott Schenkel said cancellations normalized in April, bookings improved, but volatility is expected to persist through the second quarter. Eric Sheridan (Goldman Sachs) questioned the health of consumer brands and marketing mix. CEO Ariane Gorin emphasized stronger brand positioning and a disciplined balance of brand and performance marketing, supported by AI-driven efficiencies. Justin Post (Bank of America) inquired if marketing efficiency gains could have come at the expense of room night growth. Schenkel responded that the company does not believe it left significant growth on the table, highlighting the 10% consumer bookings increase al...

Even though Expedia Group, Inc. (NASDAQ:EXPE ) posted strong earnings, investors appeared to be underwhelmed. We did some digging and actually think they are being unnecessarily pessimistic. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. In high finance, the key ratio used to measure how well a company converts reported profits into free cash flow (FCF) is the accrual ratio (from cashflow). In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. You could think of the accrual ratio from cashflow as the 'non-FCF profit ratio'. That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. To quote a 2014 paper by Lewellen and Resutek, "firms with higher accruals tend to be less profitable in the future". Over the twelve months to March 2026, Expedia Group recorded an accrual ratio of -1.80. That indicates that its free cash flow quite significantly exceeded its statutory profit. In fact, it had free cash flow of US$4.1b in the last year, which was a lot more than its statutory profit of US$1.49b. Expedia Group shareholders are no doubt pleased that free cash flow improved over the last twelve months. Having said that, there is more to the story. We can see that unusual items have impacted its statutory profit, and therefore the accrual ratio. View our latest analysis for Expedia Group That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Expedia Group's profit was reduced by unusual items worth US$380m in the last twelve months, and this helped it produce high cash conversion, as reflected by its unusual items. In a scenario where those unusual items included non-cash charges, we'd expect to see a strong accrual ratio, which is exactly what has happened in this case. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. We looked at thousan...

Expedia Group's EXPE first-quarter 2026 B2B revenues of $1.18 billion beat the Zacks Consensus Estimate by 2.43%. B2B revenues accounted for approximately 34.5% of total revenues and increased 25% year over year. The growth in the B2B segment in the reported quarter was driven by strong partner demand, expanding global travel distribution capabilities and the company’s position as the “largest B2B travel business.” Growth also benefited from Expedia Group’s leading technology, rich first-party data and scalable travel ecosystem supporting enterprise partners globally. EXPE reported first-quarter 2026 adjusted earnings of $1.96 per share, surpassing the Zacks Consensus Estimate by 39.01% and surging 386% year over year. Revenues reached $3.43 billion, modestly beating estimates by 2.47% and increasing 15% from the prior-year period. (Read More: Expedia Group Q1 Earnings & Revenues Beat Estimates, Both Increase Y/Y). Expedia Group’s expanding B2B operations are emerging as a major growth driver and strengthening the company’s long-term prospects. In the first quarter of 2026, B2B gross bookings increased 22% year over year, while B2B revenues climbed 25%, significantly outpacing B2C growth rates. The strong performance highlights increasing demand from enterprise travel partners and reinforces Expedia Group’s leadership in the global travel marketplace. Continued enterprise travel digitization is further supporting rapidly expanding B2B business, as companies increasingly adopt integrated travel technology platforms and scalable booking infrastructure. Expedia Group, Inc. price-consensus-eps-surprise-chart | Expedia Group, Inc. Quote The company’s scale remains an important competitive advantage. Expedia Group describes itself as operating the “largest B2B travel business,” supported by a broad ecosystem that includes leading travel brands, advanced technology capabilities and rich first-party data. These strengths enable the company to provide scalable travel solutions, personalized experiences and efficient inventory distribution to partners across more than 70 countries. The company’s expanding international presence was reflected in 24% year-over-year growth in non-U.S. revenues during the first quarter of 2026, highlighting solid global demand trends and growing international scale. The B2B segment also appears operationally efficient. B2B cost of revenue...

The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.84%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.35%. June E-mini S&P futures (ESM26) rose +0.79%, and June E-mini Nasdaq futures (NQM26) rose +2.37%. Stock indexes settled higher on Friday, with the S&P 500 and Nasdaq 100 posting new record highs. Chipmaker and AI-infrastructure stocks led the overall market higher on Friday, offsetting concerns about the Iran war. Stronger-than-expected corporate earnings are pushing stocks higher. Weakness in software stocks on Friday weighed on the Dow Jones Industrial Average. As CPUs Steal the Show, AMD Stock Just Got a New Street-High Price Target How Intel Stock Could Be the Biggest Winner from AMD’s Explosive Earnings Win Cathie Wood Dumps More AMD Shares Despite Its Massive 108% Rally. Here's Why. Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Stock indexes also found support today on signs of resiliency in the US labor market after April nonfarm payrolls rose more than expected and March nonfarm payrolls were revised upward. Stocks rallied on Friday despite a larger-than-expected decline in US consumer sentiment to a record low. US Apr nonfarm payrolls rose by +115,000, stronger than expectations of +65,000, and Mar nonfarm payrolls were revised upward to +185,000 from the previously reported +178,000. The Apr unemployment rate was unchanged at 4.3%, right on expectations. US Apr average hourly earnings rose +0.2% m/m and +3.6% y/y, weaker than expectations of +0.3% m/m and +3.8% y/y. The University of Michigan’s US May consumer sentiment index fell -1.6 to a record low of 48.2 (data from 1978), weaker than expectations of 49.5. The University of Michigan US May 1-year inflation expectations rate unexpectedly eased to +4.5% from +4.7% in Apr, weaker than expectations of an increase to 4.8%. The May 5-10 year inflation expectations rate unexpectedly eased to +3.4%, weaker than expectations of no change at +3.5%. In the latest developments in the Middle East, Iran's semi-official Tasnim news agency said Iran seized an oil tanker on Friday in the Strait of Hormuz for "attempting to disrupt oil exports and the interests of the Iranian nation." Also, US forces targeted missile and drone launch sites and other milita...

Expedia Inc (NASDAQ:EXPE) reported first-quarter results that topped Wall Street expectations, but the online travel company saw its shares fall roughly 9% in premarket trading Friday after investors reacted negatively to weaker-than-expected revenue and bookings guidance. The company posted adjusted earnings per share of $1.96, surpassing analyst forecasts of $1.39 by $0.57. Revenue reached $3.43 billion, representing a 15% increase from the same period last year and exceeding consensus estimates of $3.35 billion. Despite the stronger quarterly performance, Expedia reaffirmed its full-year 2026 revenue forecast of between $15.6 billion and $16 billion. The midpoint of the guidance, at $15.8 billion, came in below analyst expectations of $15.95 billion, contributing to the sharp decline in the stock. Gross bookings increased 13% year over year to $35.5 billion during the first quarter. Business-to-business (B2B) gross bookings climbed 22%, while business-to-consumer (B2C) bookings rose 10%. Adjusted EBITDA surged 83% from a year earlier to $542 million, with margins improving by 591 basis points. During the quarter, Expedia repurchased approximately 3.3 million shares for $700 million and also announced a new $5 billion share buyback authorization. “Our first quarter results marked a strong start to the year, as we delivered double-digit bookings and revenue growth and drove meaningful margin expansion despite a dynamic macroeconomic environment,” said Ariane Gorin, CEO of Expedia Group. Booked room nights rose 5.8% compared with the prior year, missing analyst expectations of 8.5% growth. The company said the weaker figure was partly affected by U.S. travel advisories related to Mexico as well as disruptions tied to the Middle East conflict in March. Average daily rates booked increased 7% to $228.10. Analysts at Bank of America described the weaker room night performance as “room night miss [is] a blemish on a good quarter.” “While tougher 2H marketing comps will likely slow EBTIDA growth, we think better relative B2C growth while reducing reliance on marketing spend warrants multiple expansion toward OTA peers,” the analysts wrote. For the second quarter, Expedia forecast revenue between $4.11 billion and $4.19 billion. The midpoint of the range, at $4.15 billion, came in slightly above analyst expectations of $4.12 billion. The company projected gross bo...

Airbnb stock wavered and Expedia Group stock slid after the online travel booking companies posted first-quarter results Thursday. Airbnb's earnings came in below estimates while revenue beat. Expedia beat on the top and bottom line while sticking to its prior 2026 guidance.

Interested in Expedia Group, Inc.? Here are five stocks we like better. Expedia beat Q1 guidance, reporting gross bookings up 13% to $35.5B and revenue up 15% to $3.4B, with adjusted EBITDA of $542M (15.8% margin — its highest Q1 in 15 years) and adjusted EPS of $1.96, aided by FX tailwinds and operating leverage. Demand was volatile in March due to the Middle East conflict and Mexico travel advisories but stabilized in April; consumer bookings accelerated (consumer gross bookings +10%) while B2B grew 22%, and vacation rentals on Expedia hit a $1B annualized run rate. Capital return and outlook: Expedia repurchased $700M of stock in Q1, announced a new $5B buyback authorization, ended the quarter with $5.8B cash, trimmed short-term debt, and reiterated Q2 and full‑year growth and margin targets while flagging continued near‑term volatility. Uber's Annual Product Showcase Reveals It Is Coming for Airbnb and Booking Expedia Group (NASDAQ:EXPE) reported first-quarter 2026 results that exceeded management’s expectations, with CEO Ariane Gorin citing “solid execution” and progress on strategic priorities despite what she described as a “mixed macro environment.” CFO Scott Schenkel said results came in “above the high end of our guidance range,” driven by double-digit bookings and revenue growth as the company continued to realize operating leverage. Gorin said Expedia grew bookings 13% and revenue 15% in the quarter, while expanding EBITDA margin by nearly six points. Schenkel provided additional detail, reporting gross bookings of $35.5 billion, up 13%, and revenue of $3.4 billion, up 15%. He said foreign exchange was a meaningful tailwind, contributing about three points to bookings growth and nearly five points to revenue growth, roughly one point higher than the company had anticipated. → Insider Sales: Top AST SpaceMobile Insider Cuts Postion Over 30% Affirm: A Solid Footing or More Volatility Ahead? On profitability, Schenkel said adjusted EBITDA was $542 million, representing a 15.8% margin—“our highest Q1 in 15 years”—with nearly six points of adjusted EBITDA margin expansion year over year. He attributed roughly one point of that expansion to favorable foreign exchange, with the remainder reflecting “stronger than expected marketing leverage, revenue flow-through, and cost efficiencies.” Adjusted EPS was $1.96, which he said grew “approximately 4x,” refl...

Expedia (EXPE) came out with quarterly earnings of $1.96 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $0.4 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +39.15%. A quarter ago, it was expected that this online travel company would post earnings of $3.46 per share when it actually produced earnings of $3.78, delivering a surprise of +9.25%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Expedia, which belongs to the Zacks Leisure and Recreation Services industry, posted revenues of $3.43 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.47%. This compares to year-ago revenues of $2.99 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Expedia shares have lost about 12.9% since the beginning of the year versus the S&P 500's gain of 7.6%. While Expedia has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Expedia was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy)...

Image source: The Motley Fool. Thursday, May 7, 2026 at 4:30 p.m. ET Chief Executive Officer — Ariane Gorin Chief Financial Officer — Scott Schenkel Head of Investor Relations — Rob Bevegni Rob Bevegni: Good afternoon and welcome to Expedia Group's First Quarter 2026 Earnings Call. I'm pleased to be joined on today's call by our CEO, Ariane Gorin; and our CFO, Scott Schenkel. 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. Unless otherwise stated, all growth rates are on a year-over-year basis and any reference to expenses exclude stock-based compensation. We will also be making forward-looking statements during the call, which are predictions, projections and 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-Q, 10-K and other filings with the SEC. Except as required by law, we do not undertake any responsibility to update these forward-looking statements. This call is being webcast on the Investor Relations section of our website at ir.expediagroup.com. A replay will be archived on our site. A slide deck containing financial highlights has also been posted on our IR website. For today's call, Ariane will begin with a review of our first quarter results. Then Scott will provide additional details on our first quarter financial performance and guidance. After our prepared remarks, we will turn the call over to our operator to begin the Q&A portion of the call. And with that, let me turn the call over to Ariane. Ariane Gorin: Thanks, Rob and thank you all for joining us today. I'll begin my remarks with our first quarter performance and then I'll talk about AI as we see it as a significant growth opportunity and I know it's top of mind for many investors. We had a strong first quarter underpinned by solid execution as well as progress on our strategic priorities and operational leverage that we've been building over many quarters. Our financial results exceeded both our top and bottom line expectations, demonstrating the resilience of our strategy even amid a mix...

Shares of Expedia Group tumbled as much as 9% after Thursday's closing bell, erasing gains from a first-quarter revenue beat as investors focused on cautious guidance tied to unrest in the Middle East and declining travel activity in Mexico. First-quarter revenue at the Seattle-based company came in at $3.43 billion, a 15% year-over-year gain, according to the company's earnings release. Gross bookings reached $35.53 billion, a 13% year-over-year increase. Adjusted earnings per share came in at $1.96, compared with $0.40 in the same period last year. The company posted a GAAP net loss of $6 million, or $0.05 per diluted share. Wall Street had forecast revenue of $3.35 billion for the period, according to Bloomberg, meaning Expedia came in roughly $80 million ahead of that bar. Expedia CEO Ariane Gorin said on Thursday that geopolitical disruptions in the Middle East and a U.S. shelter-in-place advisory tied to violence in Mexico had created "a wave of cancellations" during the quarter. Together, those two disruptions trimmed approximately 200 basis points from the company's bookings and room-night growth figures for the quarter, according to Reuters. Even though the Middle East accounts for a small slice of overall volume, Gorin noted that the anxiety it generated drove heightened cancellations among travelers in Europe and Asia as well. "Cancellations have abated and bookings have picked up again," Gorin told Bloomberg. For the second quarter, Expedia guided gross bookings of $32.5 billion to $33.1 billion and revenue of $4.11 billion to $4.19 billion. On the earnings call, CFO Scott Schenkel warned that despite an encouraging start to the period, the guidance was built around the expectation that instability would persist. Expedia left its full-year guidance unchanged, projecting gross bookings of $127 billion to $129 billion and revenue of $15.6 billion to $16.0 billion. Despite the cautious tone, Gorin pointed to the FIFA World Cup, set to begin in North America next month, as a demand driver. "It's going to be a big summer in the U.S. with the World Cup," she told Bloomberg. Adjusted EBITDA for the quarter reached $542 million, up 83% year-over-year, with a margin of 15.8% — an expansion of 591 basis points, the company said. Expedia's B2B segment outpaced its consumer business, with gross bookings rising 22% to $10.75 billion versus 10% growth in B2C....

Expedia Group EXPE reported first-quarter 2026 adjusted earnings of $1.96 per share, up 386% year over year, and surpassed the Zacks Consensus Estimate by 39.01%. Revenues rose 15% from the year-ago quarter to $3.43 billion and beat the consensus mark by 2.47%. Management highlighted that results exceeded the company’s outlook. By segment, B2B remained the primary growth engine. B2B gross bookings grew 22% year over year to $10.75 billion, outpacing B2C gross bookings growth of 10% to $24.78 billion. The differential suggests Expedia Group’s partner-facing business continued to scale faster than its consumer segment. Expedia Group, Inc. price-consensus-eps-surprise-chart | Expedia Group, Inc. Quote That mix also showed up in revenue performance. B2B revenues rose 25% year over year to $1.18 billion, while B2C revenues increased 8% to $2.12 billion. Within advertising and media, Expedia Group's advertising revenues rose 13% to $197 million, and trivago’s advertising revenues jumped 47% to $125 million, adding a higher-growth layer to the overall revenue profile. Total gross bookings increased 13% year over year to $35.53 billion, reflecting strength across both lodging and non-lodging categories. Lodging gross bookings climbed 13% to $25.98 billion, while non-lodging gross bookings also improved 13% to $9.55 billion, indicating healthy demand across the platform’s key travel products. Pricing trends were supportive as well. Average daily rate booked rose 7% year over year to $228.10, and booked air tickets increased 6% to 15.7 million, helping round out a quarter that featured gains across multiple demand indicators. Momentum in core travel demand remained intact, with booked room nights increasing 6% year over year to 113.9 million. Profitability improved sharply in the quarter. Operating income swung to $251 million from an operating loss of $70 million in the year-ago period, supported by expense leverage and better operating efficiency. On an adjusted basis, EBITDA increased 83% year over year to $542 million, and adjusted EBITDA margin expanded 591 basis points to 15.8%. Direct sales and marketing expenses were $1.86 billion, representing 54.2% of revenues, up 6% year over year. However, B2C direct marketing expenses declined 7% year over year to $1.04 billion and leveraged 75 bps as a percentage of B2C gross bookings to 4.2% from 4.9%. Overhead expenses...

Earnings season marches on as investors will hear from big companies including McDonald's and CoreWeave. Data on the U.S. jobs market will also be watched closely, culminating in April nonfarm payroll numbers Friday.