Core Insights - Expedia Group (EXPE) reported a strong fourth-quarter 2025 performance with adjusted EPS of $3.78, exceeding the Zacks Consensus Estimate by 9.29% and marking a 58% year-over-year increase [1] - The company's revenues reached $3.55 billion, surpassing consensus estimates by 4.22% and reflecting an 11.4% year-over-year growth [1] - Expedia ended the quarter with 94 million booked room nights, a 9% increase from 86.4 million in the prior year, while gross bookings rose 11% to $27 billion, driven by robust demand in both the U.S. and international markets [1] B2B and Advertising Performance - The B2B segment showed exceptional growth, with gross bookings increasing by 24% to $8.66 billion and revenues climbing 24% to $1.29 billion, exceeding the Zacks Consensus Estimate by 7.64% [2] - Adjusted EBITDA for B2B reached $308 million, surpassing estimates by 1.27%, although the margin decreased by 60 basis points year-over-year to 23.9% due to investments in new product lines and partner capabilities [2] - The B2B segment benefited from double-digit growth across all regions, with the Rapid Application Programming Interface being a significant contributor [3] Advertising Growth - Advertising revenues rose 19% to $305 million, beating the Zacks Consensus Estimate by 16.36%, as the company achieved a record number of active advertising partners [4] - Expedia Group Advertising revenues grew 19% to $208 million, while trivago advertising revenues surged 47% to $97 million, driven by the introduction of new ad formats [4] B2C Segment Dynamics - The B2C segment also performed well, with gross bookings growing 5% to $18.34 billion and revenues increasing 4% to $2.16 billion, surpassing estimates by 1.91% [5] - Despite geopolitical challenges in Asia impacting regional performance, B2C adjusted EBITDA reached $679 million, exceeding estimates by 13.23%, with a margin of 31.5%, up 560 basis points year-over-year [7] - Lodging revenues grew 11% to $2.82 billion, beating estimates by 4.48%, while air revenues declined 3% to $94 million, missing estimates by 13.27% [8]