Q2 25 EPS
$4.24
BEAT +2.74%
Est. $4.13
Q2 25 Revenue
$3.79B
BEAT +2.05%
Est. $3.71B
vs S&P Since Q2 25
+4.7%
BEATING MARKET
EXPE +19.8% vs S&P +15.1%
Market Reaction
Did EXPE Beat Earnings? Q2 2025 Results
Expedia Group posted a strong second quarter, beating Wall Street on both the top and bottom lines as international momentum and a surging B2B segment drove results well ahead of expectations. Adjusted EPS came in at $4.24, clearing the $4.13 consens… Read more Expedia Group posted a strong second quarter, beating Wall Street on both the top and bottom lines as international momentum and a surging B2B segment drove results well ahead of expectations. Adjusted EPS came in at $4.24, clearing the $4.13 consensus by 2.74%, while revenue grew 6.4% year over year to $3.79 billion against an estimated $3.71 billion. The single clearest driver of the beat was the B2B segment, which expanded revenue 15% to $1.21 billion with gross bookings up 17%, providing a powerful offset to the more modest 2% growth in the B2C business. International points of sale grew 13% to $1.48 billion, reinforcing the geographic story behind the quarter's strength. Shares rose roughly 4% on the news, a reaction consistent with investor relief that broader travel demand remains resilient despite macro uncertainty. Looking ahead, management raised full-year guidance for both revenue and gross bookings growth to 3-5% from a prior range of 2-4%, while targeting 100 basis points of EBITDA margin expansion for the full year.
Key Takeaways
- • B2B gross bookings grew 17%, driving total gross bookings growth of 5%
- • Advertising & Media revenue grew 19% year-over-year
- • Booked room nights grew 7%, primarily driven by growth outside of the U.S.
- • Hotel bookings up 8%, driven by B2B and Brand Expedia
- • Adjusted EBITDA margin expanded 190 basis points to 24.0%
- • International points of sale revenue grew 13%
EXPE YoY Financials
Q2 2025 vs Q2 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 delivered a solid second quarter, surpassing our top and bottom line expectations while navigating a dynamic environment. Our performance was driven by continued strength across B2B and Advertising and further progress on our key priorities. Based on our first half and ongoing trends, we have increased our annual guidance. We will continue to capitalize on our brands, supply, and technology to help travelers create memories and partners grow their businesses.”
— Ariane Gorin, Q2 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 | — |