Core Insights - Expedia reported earnings per share (EPS) of $757, exceeding estimates of $692, indicating strong financial performance [1] - Revenue also surpassed expectations, coming in at $4.1 billion compared to estimates of $4.28 billion [1] - Booked room nights reached 108 million, exceeding estimates of 103.87 million, reflecting robust consumer demand [1][2] - The company anticipates fourth quarter revenue growth of 6 to 8%, significantly higher than the estimated 2.7% [1] Market Reaction - Shares of Expedia increased by almost 9% following the earnings report, indicating positive market sentiment [2] - The strong report suggests that consumers are willing to spend discretionary income on travel, which is a positive sign for the industry [2][3] - The upcoming holiday travel season is expected to benefit from this strong consumer spending trend [3] Performance Context - The reported numbers are considered "huge" and well above expectations, which is crucial for favorable market reactions [3][4] - The performance indicates a strong consumer base, although it is important to monitor which segments of consumers are driving this spending [3]

Q3 2025 Earnings N O V E M B E R 2 0 2 5 Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 This presentation contains "forward-looking statements" about Expedia Group's financial performance, operating results, and guidance, which may include, but are not limited to, statements relating to future gross bookings; revenues; expenses; margins and margin expansion, including EBITDA margin expansion; profitability; net income (loss); earnings per share; and other measures of result ...

Core Insights - The online travel agency is experiencing a resurgence in travel demand across various income levels, indicating a broad recovery in the travel sector [1] - Despite the overall increase in demand, some travel companies report that low-income consumers are still hesitant to spend on travel [1] Group 1 - The online travel agency is seeing travel demand return across income levels [1] - Several travel companies note that low-income consumers are still holding back [1]

Core Insights - Online travel platform Expedia has raised its revenue growth forecast for 2025 after surpassing Wall Street profit estimates for the third quarter, driven by strong demand from business clients [1] Group 1 - Expedia's third-quarter profit exceeded Wall Street expectations [1] - The company is experiencing robust demand from its business clients [1] - The revenue growth forecast for 2025 has been boosted as a result of these factors [1]

Expedia Group Reports Third Quarter 2025 Results Exceeded guidance with 12% bookings and 9% revenue growth y/y; expanded Adj. EBITDA margins Room nights up 11% y/y, driven by B2B and B2C strength in the U.S. Repurchased $451 million of shares in the quarter; declares dividend of $0.40 per share Increases full year guidance SEATTLE, WA – November 6, 2025 – Expedia Group, Inc. (NASDAQ: EXPE) announced financial results today for the third quarter ended September 30, 2025. Third Quarter Highlights (All compari ...

Market Performance - The U.S. stock market showed mixed performance on November 4, 2025, with the S&P 500 and Nasdaq Composite closing higher, while the Dow Jones Industrial Average finished lower [1][2] - The S&P 500 gained 0.2% to close at 6,851.97 points, and the Nasdaq Composite rose 0.5% to 23,834.72 points, despite earlier declines [2] - The Dow Jones Industrial Average declined 0.5%, marking its third consecutive day of losses, closing at 47,336.68 points [2] Sector Performance - Sector performance was mixed, with six of the 11 S&P 500 sectors ending in negative territory, while consumer discretionary and technology stocks were the biggest gainers [3] - The Technology Select Sector SPDR (XLK) increased by 0.4%, and the Consumer Discretionary Select Sector SPDR (XLY) rose by 0.9% [3] - The positive movement in tech was driven by renewed optimism surrounding AI investments, although several mega-cap tech companies faced significant pullbacks [3] Company News and Stock Movements - Palantir Technologies (PLTR) shares fell 7.4% despite exceeding earnings expectations and raising revenue guidance, due to concerns over high valuation and lack of visibility for 2026 [4] - Nvidia (NVDA) experienced mixed performance, with reports indicating both a 3.2% fall and a 2.2% gain, reflecting ongoing volatility in high-growth AI stocks [5] - Microsoft (MSFT) dipped 1% despite announcing a $9.7 billion AI-compute agreement and significant data center investments [5] - Amazon (AMZN) gained 4% following a $38 billion deal to support OpenAI's AI workloads via AWS [5] - Tesla (TSLA) dropped 4% after a major investor opposed CEO Elon Musk's compensation package, while Yum Brands (YUM) rose 6.1% on potential sale of its Pizza Hut unit [6] Economic Outlook and Upcoming Events - The ongoing U.S. government shutdown is delaying key economic data releases, impacting market sentiment [7][8] - The ISM manufacturing PMI declined to 48.7 in October, marking the eighth consecutive month of contraction in the manufacturing sector [9] - Investors are closely watching the upcoming ADP employment report and consumer confidence data from the University of Michigan [9] - The Federal Reserve's next FOMC meeting is scheduled for December 9-10, 2025, with speculation of a 70% chance of another rate cut [10] Earnings Season - Over 300 S&P 500 companies have reported earnings, with Advanced Micro Devices (AMD) set to release its report after the market close [11] - Other notable companies reporting this week include McDonald's (MCD), Expedia Group, and Qualcomm (QCOM) [11]

Core Insights - Expedia Group (EXPE) is set to report its third-quarter 2025 results on November 6, with expected revenues of $4.3 billion, reflecting a 5.9% year-over-year increase [1][10] - The consensus estimate for earnings is $7.21 per share, indicating a 17.62% increase from the previous year [1][10] - EXPE has surpassed earnings estimates in three of the last four quarters, with an average surprise of 3.4% [2] Revenue and Booking Projections - Management anticipates third-quarter gross bookings to grow by 5% to 7% and revenues to increase by 4% to 6%, although there are warnings of slower growth in the fourth quarter due to challenging year-over-year comparisons [3] - The company noted a softening in U.S. travel market conditions during the second quarter, but observed an uptick in overall travel demand since July, which is expected to positively impact third-quarter bookings and revenue, particularly in the domestic market [4] Dividend and Financial Guidance - In August, Expedia's board declared a quarterly cash dividend of 40 cents per share, payable on September 18, 2025, reflecting management's confidence in the company's cash generation capabilities [5] - Following strong performance in the first half of the year and improved travel demand trends, the company raised its full-year guidance, expecting gross bookings and revenue growth of 3% to 5% with an adjusted EBITDA margin expansion of one percentage point [6] Earnings Expectations - The current Earnings ESP for EXPE is +8.44%, and it holds a Zacks Rank of 3, indicating a potential for an earnings beat [8][10]

Core Insights - MakeMyTrip has shifted its focus from air ticket bookings to hotels and homestays, building a significant inventory of 95,000 accommodations across India, which allows it to cater to travelers venturing into less populated areas [3][6][21] - The hotel sector is crucial for MakeMyTrip's future growth, with hotels offering higher margins compared to air ticket bookings, and the company aims to become a comprehensive travel platform [5][6][14] - MakeMyTrip commands a dominant market share of 55.3% in the online travel agency (OTA) space, significantly outpacing competitors like Cleartrip and iXigo [11][8] Market Overview - The gross booking value (GBV) for India's air market is projected at $27.5 billion for 2023-24, with hotels and rail at $14.6 billion and $8.5 billion respectively, indicating a robust travel market [4] - The hotel sector has substantial growth potential, with only 27% of the total hotel GBV sourced through online channels, highlighting a fragmented industry [21][22] Competitive Landscape - MakeMyTrip faces increasing competition in the hotel segment, exemplified by Prosus acquiring a 15% stake in rival iXigo, which plans to expand its hotel offerings [5][6] - The company has executed a $3.1 billion share buyback to reduce the influence of Trip.com, its largest shareholder, which has decreased its stake from over 45% to between 16.90% and 19.99% [8] Financial Performance - MakeMyTrip is nearing $1 billion in revenue, with a 25% growth in topline for 2024-25, and is on track to cross $10 billion in GBV this fiscal year [8][14] - The adjusted margins for the hotel and package segment have become the largest contributor to profitability, accounting for 42.7% compared to the air category's 38.9% [14][15] Strategic Initiatives - The company is investing in technology and support systems to enhance its homestays and vacation rentals business, which is currently about 10% of its daily business-to-consumer volumes [35][36] - MakeMyTrip is focusing on quality control and customer service by providing dedicated account managers to homestay operators, ensuring accurate listings and customer support [31][35] Challenges and Risks - MakeMyTrip faces challenges in scaling its supply, maintaining quality across a fragmented hotel market, and navigating technological disruptions from competitors [37][39] - The company has been fined for unfair business practices related to price parity clauses, which could impact its relationships with hotel partners [41][42]

Core Insights - Webus International Limited announced the integration of Expedia Group's AI-powered Trip Planner and B2B APIs into its Wetour platform to enhance hotel booking efficiency and personalization for travelers [1][2][3] Group 1: Company Overview - Webus International Limited (NASDAQ: WETO) is a global TravelTech company that provides AI-driven customized travel and digital mobility solutions [4] - The company operates through its flagship brand Wetour Travel Tech LLC and regional subsidiaries, offering premium chauffeur services, personalized itineraries, and blockchain-enabled travel products across North America, Asia, and the Middle East [4] Group 2: Partnership and Technology Integration - Wetour is an authorized partner of Expedia Group's Travel Agent Affiliate Program (TAAP), which has supported its hotel booking business [1][3] - The integration of Expedia's new AI tools, including Smart Trip AI™, aims to improve search accuracy and streamline hotel bookings for Wetour's global users [2][3] - Wetour is currently conducting preliminary technical evaluations in preparation for the phased integration of these new features once they are fully launched to TAAP partners [3]

Core Insights - Expedia Group is a leading online travel company offering a variety of services including hotel bookings, airline tickets, and vacation packages, operating through brands like Expedia.com, Hotels.com, and Vrbo [1] - The company faces competition from major players such as Booking Holdings and TripAdvisor [1] Financial Performance - Jefferies set a price target of $220 for EXPE, indicating a potential upside of approximately 2.05% from the current stock price of $214.76, which has seen a slight increase of 0.56% or $1.19 [2][6] - Expedia's market capitalization is approximately $25.38 billion, with a trading volume of 1,535,804 shares on NASDAQ [5] Market Trends - The "Unpack '26: The Trends in Travel" report highlights shifts in traveler behavior and introduces the Smart Travel Health Check to address overcrowding in tourism, potentially enhancing customer satisfaction and driving future growth [3][6] - The report also identifies unconventional travel trends such as unique sports, book club retreats, and farm stays, based on feedback from 24,000 global travelers, which may help Expedia differentiate itself and attract a broader customer base [4][6]