BNP Paribas Exane Starts Expedia (EXPE) Coverage Amid Travel Market Strength

Group 1: Company Overview - Expedia Group, Inc. (NASDAQ:EXPE) is a global travel technology company that operates well-known online travel brands, including Expedia.com, Hotels.com, and Vrbo, helping customers arrange flights, lodging, car rentals, and travel activities [4] Group 2: Financial Performance - For the third quarter of 2025, Expedia reported a revenue increase of 9% year-over-year to $4.4 billion, with total gross bookings climbing 12% to $30.7 billion [2] - The company attributed its gains to strong growth in international room nights and a renewed pickup in its US business, with the B2B segment showing significant performance, as B2B revenue rose 18% supported by a 26% increase in gross bookings [2] Group 3: Future Outlook - Given the strong results and ongoing strength in the travel industry, Expedia raised its full-year sales guidance, now expecting revenue growth between 6% and 7%, up from the previous projection of 3% to 5% [3] - The company also announced a quarterly dividend of $0.40 per share on November 7, continuing the expansion initiated with a 17.6% dividend increase earlier in the year [3] Group 4: Market Position - BNP Paribas Exane initiated coverage of Expedia, assigning the stock a Neutral rating, reflecting the company's potential amidst the travel market's strength [1]