Expedia shares slide after below-par quarterly revenue forecast fuels concerns

Expedia

05/11/2026 12:04

Nov 5 (Reuters) - Shares of Expedia Group EXPE.O slid nearly 7% premarket on Thursday after the travel booking firm's below-par forecast for fourth-quarter revenue fueled growth concerns among investors.
Expedia's shares were up about 12% this year as of Wednesday's close, outperforming rival Booking Holdings BKNG.O and the Dow Jones US Travel and Leisure .DJUSCG index that are down 20% and little changed, respectively.
Expedia expects fourth-quarter revenue in the range of $3.69 billion to $3.75 billion, with the midpoint below analysts' average estimate of $3.74 billion, according to data compiled by LSEG
The US midterm election results along with the unrest in Europe and the Middle East led to a dour forecast, Expedia's finance chief said
Analysts at Baird called the softer forecast a surprise. J.P. Morgan noted that while the growth deceleration is "transitory," it could raise some concerns
BTIG expected Expedia to buck the trend of an underwhelming guide provided by rivals and hotels due to its higher US domestic exposure
Expedia remains a "buy"-rated stock on average, but its median target price has moderated to $332.50 from $335 last month, LSEG-compiled data shows
Most online travel booking sites and hotel chains have leaned on strong domestic demand to offset weakness in the Middle East

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 (Reporting by Nandan Mandayam in Bengaluru; Editing by Shreya Biswas)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))