Overview
- Third-quarter adjusted EPS was $7.57 on revenue of $4.41 billion, as total gross bookings rose 12% to $30.7 billion.
- B2B bookings climbed 26% to $9.38 billion, outpacing consumer growth and underscoring a mix shift toward higher-volume partner channels.
- Expedia now guides 2025 revenue growth to 6%–7%—about 6.5% at the midpoint—and sees adjusted core profit margin expanding by roughly 2%, up from a prior 1% view.
- Room-night growth was fastest in the U.S. in more than three years, with international markets stronger still and Asia up over 20%.
- Shares rose roughly 15%–18% following the report as multiple banks raised price targets, while management said it is watching the U.S. government shutdown with no trend change seen yet.