Expedia CEO says any quarterly reporting change won't affect internal decisions

Core Viewpoint - President Trump's proposal to shift from quarterly to semiannual earnings reports is generating mixed reactions among business leaders, with some executives, like Expedia Group's CEO, expressing that it may not significantly impact internal decision-making [1] Group 1: Company Performance - In Q2, Expedia reported revenue of $3.79 billion, exceeding consensus estimates of $3.71 billion, and earnings per share of $4.24, surpassing the forecast of $3.97 [2] - The travel market is experiencing fluctuations, with a noted softness in US demand during Q2, but higher-income travelers showing resilience [2][3] - Forward bookings are a critical metric influenced by events and holidays, with increased travel traffic observed in July and August compared to the previous year [3] Group 2: Business Segments - Expedia's B2B and advertising segments are performing well, with B2B gross bookings and revenue growing by 17% and 15%, respectively, and advertising revenue increasing by 19% [4] - Consumer-facing brands like Hotels.com and Vrbo are still in recovery from previous tech migrations, impacting overall growth [4] Group 3: Analyst Ratings and Outlook - Evercore analyst Mark Mahaney raised his price target for Expedia shares to $280 from $230, citing a strong Q2 performance and positive Q3 guidance [5] - Mahaney highlighted management's raised 2025 outlook, projecting 3% to 5% revenue growth and slight margin expansion [5] - Analysts noted international growth, particularly in Northern Europe and APAC, with Japan and Brazil experiencing over 20% growth [6]