Expedia Group Inc

Expedia Group closed out the fourth quarter of fiscal 2025 with a decisive beat on both the top and bottom lines, posting adjusted EPS of $3.78 against the $3.25 consensus estimate, a 16.31% positive surprise, while revenue of $3.55 billion topped expectations by 3.96% and grew 11.4% year over year. The standout driver behind the results was the company's B2B segment, which delivered 24% gross bookings growth in the quarter and generated $1.29 billion in revenue, more than offsetting a comparatively modest 5% B2C expansion and underscoring how Expedia's wholesale and partner channels have become a meaningful growth engine. Adjusted EBITDA surged 32% to $848 million, with margin expanding nearly 370 basis points to 23.9%, even as GAAP net income was weighed down by losses on minority equity investments. Analysts remain divided on the stock's valuation despite the strong print, with some raising price targets while others maintain a cautious stance amid macroeconomic uncertainty. Looking ahead, Expedia guided full-year 2026 revenue of $15.60 to $16.00 billion, projecting 6% to 9% growth.