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Expedia Q3 revenue beats on B2B strength, lifts outlook

By Reuters News


Overview

  • Global travel marketplace's Q3 revenue grew 12% yr/yr, beating analyst expectations

  • Adjusted EPS for Q3 rose 24%, beating analyst expectations

  • Company repurchased $576 mln in shares during the quarter


Outlook

  • Expedia raises 2026 full-year gross bookings guidance to $131.4-$131.9 bln, up 10% y/y

  • Company lifts 2026 revenue outlook to $16.37-$16.43 bln, up 11-12% y/y


Result Drivers

  • B2B GROWTH - Co said revenue growth was driven by 23% increase in B2B segment

  • ROOM NIGHTS - Co said 7% growth in booked room nights contributed to overall performance


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$4.94 bln

$4.74 bln (31 Analysts)

Q3 Adjusted EPS

Beat

$9.39

$8.90 (24 Analysts)

Q3 EPS

$8.42

Q3 Net Income

$1.03 bln

Q3 Adjusted EBITDA

Beat

$1.69 bln

$1.56 bln (31 Analysts)


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 21 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the leisure & recreation peer group is "buy"

  • Wall Street's median 12-month price target for Expedia Group, Inc. is $329.00, about 15.1% above its November 3 closing price of $285.77

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago


Reuters Recommended Reads

  • Nov 4 - Online travel firm Expedia raises annual forecasts on resilient demand

  • Nov 2 - Marriott lifts annual room revenue growth forecast on resilient travel demand

  • Nov 3 - Booking Holdings Q3 revenue misses estimates on FTC-related reduction


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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