Q1 25 EPS
$0.40
BEAT +11.48%
Est. $0.36
Q1 25 Revenue
$2.99B
MISS 0.85%
Est. $3.01B
vs S&P Since Q1 25
+38.9%
BEATING MARKET
EXPE +68.8% vs S&P +29.9%
Market Reaction
Did EXPE Beat Earnings? Q1 2025 Results
Expedia Group posted a mixed but largely encouraging first quarter for 2025, beating on the bottom line while falling just short of revenue expectations against a backdrop of softening U.S. Travel demand. Adjusted earnings per share came in at $0.40,… Read more Expedia Group posted a mixed but largely encouraging first quarter for 2025, beating on the bottom line while falling just short of revenue expectations against a backdrop of softening U.S. Travel demand. Adjusted earnings per share came in at $0.40, clearing the $0.36 consensus estimate by 11.48%, while revenue of $2.99 billion grew 3.4% year-over-year but trailed the $3.01 billion analyst forecast by 0.85%. The clearest driver behind the profit beat was the company's rapidly expanding B2B segment, which delivered 14% revenue growth and nearly matched the larger B2C unit's adjusted EBITDA on significantly lower revenue, with international exposure providing a meaningful buffer against domestic weakness. Booked room nights rose 6% to 107.7 million, and adjusted EBITDA climbed 16% to $296.00 million with 105 basis points of margin expansion. CEO Ariane Gorin, who has been reshaping priorities since taking the helm, signaled continued commitment to margin expansion while growing the top line, even as U.S. Point-of-sale softness remains a near-term headwind.
Key Takeaways
- • B2B segment revenue grew 14% driven by greater international exposure
- • Advertising and media business (EG) grew 20% year-over-year
- • Booked room nights grew 6% to 107.7 million
- • Adjusted EBITDA margin expanded 105 basis points to 9.9%
- • Hotel bookings up 6% driven by resilience at B2B and Brand Expedia
- • Non-U.S. point of sale revenue grew 6%
EXPE YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
EXPE Revenue by Segment
With YoY comparisons, source: SEC Filings
EXPE Revenue by Geography
With YoY comparisons, source: SEC Filings
“We posted first quarter bookings and revenue within our guidance range despite weaker than expected demand in the US, drove bottom-line meaningfully above our guidance, and made significant progress against our strategic priorities. Looking ahead, we are committed to continuing to deliver margin expansion while growing our top-line.”
— Ariane Gorin, Q1 2025 Earnings Press Release
EXPE Earnings Trends
EXPE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
EXPE EPS Trend
Earnings per share: estimate vs actual
EXPE Revenue Trend
Quarterly revenue: estimate vs actual
EXPE Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.38 | $1.96 | +42.34% | $3.43B | +2.17% |
| Q4 25 BEAT FY | $3.37 | $3.78 | +12.21% | $3.55B | +4.00% |
| FY Full Year | $15.34 | $15.86 | +3.37% | $14.73B | +0.93% |
| Q3 25 BEAT | $6.95 | $7.57 | +8.99% | $4.41B | +3.52% |
| Q2 25 BEAT | $4.13 | $4.24 | +2.74% | $3.79B | +2.05% |
| Q1 25 BEAT | $0.36 | $0.40 | +11.48% | $2.99B | -0.85% |
| Q4 24 BEAT FY | $2.10 | $2.39 | +13.89% | $3.18B | +3.71% |
| FY Full Year | — | $12.11 | — | $13.69B | — |
| Q1 23 MISS | $-0.04 | $-0.20 | -400.00% | $2.67B | +0.23% |
| Q4 22 MISS FY | $1.67 | $1.26 | -24.55% | $2.62B | -2.97% |
| FY Full Year | — | $6.79 | — | $11.67B | — |