Companies /Consumer Cyclical

Expedia Group Inc

NASDAQ: EXPE Travel Services
$318.92
▼ $14.02 (−4.21%) today
Markets closed · 4:27am ET

Q1 2025 Earnings

Reported May 8, 2025, 4:01pm ET · SEC source
$0.40
Beat +11.48%
EPS · est. $0.36
$3.0B
Miss −0.85%
Revenue · est. $3.0B
+4.1%
Beating market
EXPE vs S&P since report
7 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−4%0+4%+8%May 8May 9report 4:01pm ETearnings−0.1%−1.9%
−4%0+4%+8%May 8May 9earnings−0.1%−1.9%
EXPE −1.9%S&P 500 −0.1%
−4%0+4%+8%May 8May 9report 4:01pm ETearnings−0.2%−1.9%
−4%0+4%+8%May 8May 9earnings−0.2%−1.9%
EXPE −1.9%NASDAQ −0.2%
−4%0+4%+8%May 7May 16report 4:01pm ETearnings+4.8%+5.7%
−4%0+4%+8%May 7May 16earnings+4.8%+5.7%
EXPE +5.7%S&P 500 +4.8%
−4%0+4%+8%May 7May 16report 4:01pm ETearnings+6.3%+5.7%
−4%0+4%+8%May 7May 16earnings+6.3%+5.7%
EXPE +5.7%NASDAQ +6.3%
−7.30%
Day of report
+6.76%
Next session
+6.38%
One week
+10.63%
30 days

S&P 500 over the same 30 days: +6.56%.

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, 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%

“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.”

Expedia CEO, on the earnings call

Forward Guidance & Outlook

CEO Ariane Gorin stated the company is committed to continuing to deliver margin expansion while growing the top line. The company noted softened travel demand within and into the U.S. as a headwind, but highlighted that B2B's greater international exposure provided resilience. The company met its top-line guidance and beat on the bottom line in Q1.

EXPE YoY Financials

Q1 2025 vs Q1 2024 · SEC filings Q1 2024 Q1 2025
$0$1.0B$2.0B$3.0B$2.9B$3.0BRevenue$-51,334,702$-70,000,000Operating Income$-385,728,062$-200,000,000Net Income
$0$1.0B$2.0B$3.0BRevenueOperating IncomeNet Income

EXPE Revenue by Segment

Lodging$2.3B+3.0%
B2C$2.0B−2.0%
B2B$947.0M+14.0%
Advertising and Media - EG$174.0M+20.0%
trivago$85.0M+22.0%
Air$107.0M−7.0%
Advertising and Media - trivago$85.0M+22.0%

EXPE Revenue by Geography

United States$1.8B+2.0%
Rest of World$1.2B+6.0%

Figures from SEC filings and company reports. Not investment advice.