Overview

• Expedia reported Q1 revenue of $2.98 billion, falling short of the $3.01 billion analysts expected due to weaker-than-anticipated U.S. and inbound travel demand.
• Adjusted earnings per share for the quarter exceeded expectations at $0.40, up from the projected $0.32, despite a net loss widening year-over-year.
• The company revised its 2025 gross bookings and revenue growth forecast to 2–4%, down from the previously projected 4–6%.
• International travel, particularly in Asia-Pacific and Europe, provided some relief, but a 7% decline in inbound travel to the U.S., including a 30% drop from Canada, weighed heavily on results.
• Expedia shares have fallen over 9% year to date, with analysts citing the company’s heavy reliance on U.S. travel as a vulnerability in the current economic climate.