Expedia lifts full-year gross bookings, revenue outlook on sustained consumer and B2B growth

Expedia

05/08/2026 21:13

Overview
Online travel marketplace's Q2 revenue rose 14%, beating analyst expectations
Adjusted EPS for Q2 increased 36% and beat consensus
Company raised full-year guidance for gross bookings, revenue, and adjusted EBITDA margin expansion

Outlook
Expedia raises 2026 gross bookings guidance to $129.5-$130.8 bln from $127-$129 bln
Company lifts 2026 revenue outlook to $16.05-$16.22 bln from $15.6-$16.0 bln
Expedia now sees 2026 adjusted EBITDA margin expansion of 1.5-1.75 pts, up from 1-1.25 pts

Result Drivers
B2B MOMENTUM - B2B gross bookings and revenue rose 21% and 23% y/y, outpacing B2C growth
LODGING GROWTH - Lodging gross bookings increased 11% y/y, supporting overall revenue growth
TECHNOLOGY AND PRODUCT INVESTMENT - Co cited more personalized consumer product experiences and expanded supply, leveraging AI to innovate and operate more efficiently, per CEO Ariane Gorin

Company press release: ID:nBw8znB7ya

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$4.32 bln
$4.17 bln (29 Analysts)
Q2 Adjusted EPS
Beat
$5.76
$5.23 (25 Analysts)
Q2 EPS
 
$7.16
 
Q2 Net Income
 
$878 mln
 
Q2 Adjusted EBITDA
Beat
$1.12 bln
$1.04 bln (29 Analysts)
Q2 Gross Bookings
 
$33.93 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 21 "hold" and no "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 $290.00, about 7.1% below its August 4 closing price of $312.06
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Aug 5 - Expedia raises annual forecast on resilient domestic travel demand
Aug 4 - Booking Holdings Q2 revenue beats estimates, partly on room night growth
Aug 3 - Marriott International's Q2 adj profit beats on fee growth

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(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.)