Expedia Q3 revenue beats on B2B strength, lifts outlook

Expedia

04/11/2026 21:13

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: ID:nBw2spf5ga

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.)