Companies /Consumer Cyclical

Expedia Group Inc

NASDAQ: EXPE Travel Services
$318.92
▼ $14.02 (−4.21%) today
Markets closed · 5:34am ET

Q2 2025 Earnings

Reported Aug 7, 2025, 4:04pm ET · SEC source
$4.24
Beat +2.74%
EPS · est. $4.13
$3.8B
Beat +2.05%
Revenue · est. $3.7B
+8.0%
Beating market
EXPE vs S&P since report
7 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−12%−6%0+6%Aug 7Aug 8report 4:04pm ETearnings+0.9%−6.5%
−12%−6%0+6%Aug 7Aug 8earnings+0.9%−6.5%
EXPE −6.5%S&P 500 +0.9%
−12%−6%0+6%Aug 7Aug 8report 4:04pm ETearnings+1.1%−6.5%
−12%−6%0+6%Aug 7Aug 8earnings+1.1%−6.5%
EXPE −6.5%NASDAQ +1.1%
−18%−12%−6%0Aug 6Aug 15report 4:04pm ETearnings+1.7%−5.2%
−18%−12%−6%0Aug 6Aug 15earnings+1.7%−5.2%
EXPE −5.2%S&P 500 +1.7%
−18%−12%−6%0Aug 6Aug 15report 4:04pm ETearnings+1.3%−5.2%
−18%−12%−6%0Aug 6Aug 15earnings+1.3%−5.2%
EXPE −5.2%NASDAQ +1.3%
+4.08%
Day of report
−1.35%
Next session
+6.24%
One week
+10.36%
30 days

S&P 500 over the same 30 days: +2.36%.

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 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%

“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.”

Expedia CEO, on the earnings call

Forward Guidance & Outlook

Expedia Group raised its full-year 2025 guidance: gross bookings growth of 3-5% (up from 2-4%), revenue growth of 3-5% (up from 2-4%), and EBITDA margin expansion of 100 basis points (up from 75-100 bps). For Q3 2025, the company expects gross bookings growth of 5-7%, revenue growth of 4-6%, and EBITDA margin expansion of 50 to 100 basis points.

EXPE YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$2.0B$4.0B$3.6B$3.8BRevenue$451.0M$485.0MOperating Income$386.0M$330.0MNet Income
$0$2.0B$4.0BRevenueOperating IncomeNet Income

EXPE Revenue by Segment

Lodging$3.0B+6.0%
B2C$2.5B+2.0%
B2B$1.2B+15.0%
Advertising and Media - EG$182.0M+19.0%
trivago$98.0M+28.0%
Air$105.0M−5.0%
Advertising and Media - trivago

EXPE Revenue by Geography

United States$2.3B+3.0%
Rest of World$1.5B+13.0%

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