Core Insights - Expedia Group Inc. shares surged 18% in intra-day trading following strong third-quarter results that exceeded expectations and raised the full-year outlook due to robust travel demand [1] Financial Performance - Adjusted earnings per share for Q3 2025 were reported at $7.57, surpassing analyst forecasts of $6.98 [1] - Revenue for the quarter reached $4.41 billion, exceeding the consensus estimate of $4.28 billion and reflecting a 9% year-over-year increase [1] - Adjusted EBITDA increased by 16% to $1.45 billion, with margins expanding by 208 basis points [2] Booking Metrics - Booked room nights rose by 11% year-over-year, marking the fastest growth in the U.S. in three years [2] - Total gross bookings increased by 12%, driven by a 26% rise in business-to-business (B2B) bookings and a 7% increase in consumer (B2C) bookings [2] Future Outlook - Following the strong results, the company raised its full-year 2025 forecast, now expecting gross bookings growth of 7%, up from a previous estimate of 3-5% [3] - Revenue growth expectations were also increased to 6-7%, compared to the prior outlook of 3-5% [3] - The adjusted EBITDA margin expansion guidance was raised to 2% from 1% [3] - For Q4, Expedia projected gross bookings and revenue growth of 6-8% [3]

Market Overview - U.S. equity markets faced a broad retreat on November 7, 2025, primarily due to a sell-off in technology stocks, driven by concerns over inflated valuations in the AI sector and a prolonged government shutdown [1][10] - All three major indexes are on track for their steepest weekly losses in months, with the Nasdaq Composite poised for its worst weekly performance since March [1][2] Major Index Performance - The Nasdaq Composite (IXIC) declined approximately 1.5% to 2% in afternoon trading, following a 1.9% drop on Thursday [2] - The S&P 500 (SPX) fell between 0.9% and 1.2% by mid-afternoon, after a 1.1% decline on Thursday [2] - The Dow Jones Industrial Average (DJI) was down around 0.5% to 0.8% in afternoon trading, closing 0.8% lower on Thursday [2] Volatility and Investor Sentiment - The CBOE Volatility Index (VIX) surged by 8.3%, reaching its highest level in over two weeks, indicating increased investor nervousness [3] - The current market unease is exacerbated by the ongoing government shutdown, which has led to a "data blackout" affecting crucial economic releases [6] Sector Performance - There is a notable rotation out of high-growth technology stocks, with the Technology Select Sector SPDR Fund (XLK) and Consumer Discretionary Select Sector SPDR Fund (XLY) slipping 2% and 2.3% respectively [4] - The Energy Select Sector SPDR Fund (XLE) advanced by 1%, indicating a defensive shift in investor portfolios towards traditional and value-oriented sectors [5] Corporate Developments - Tesla (TSLA) shares fell 3.3% to 4% despite shareholder approval of CEO Elon Musk's $1 trillion compensation package [13] - Chipmakers like Nvidia (NVDA) and Broadcom (AVGO) faced significant pressure, with declines of 3.8% and 4.6% respectively, reflecting caution regarding high valuations in AI-related stocks [13] - Payments company Block (SQ) slumped 9.8% to 10.5% after disappointing third-quarter earnings [13] - Conversely, Peloton (PTON) and Expedia Group (EXPE) saw significant gains of 3.4% to 6.1% and 16.6% to 17.3% respectively, following better-than-expected earnings [13]

Core Insights - Airbnb reported third-quarter 2025 adjusted earnings of $2.21 per share, missing the Zacks Consensus Estimate by 3.49% [1] - Revenues reached $4.095 billion, a 10% year-over-year increase, surpassing the Zacks Consensus Estimate by 0.25% [1] Financial Performance - Gross Booking Value (GBV) for Q3 2025 was $23 billion, up 14% year-over-year [4] - Nights and Seats Booked totaled 133.6 million, reflecting an 8.8% year-over-year increase [5] - Average Daily Rate (ADR) was $171.3, up 4.7% year-over-year [5] - Adjusted EBITDA was $1.96 billion, a 4.7% increase year-over-year, with an adjusted EBITDA margin of 52.5% [8] Cost and Expenses - Total costs and expenses as a percentage of revenues increased by 120 basis points year-over-year to 59.1% [7] - Cost of revenues increased by 90 basis points year-over-year [7] Cash Flow and Balance Sheet - As of September 30, 2025, cash and cash equivalents totaled $11.68 billion, up from $11.4 billion as of June 30 [11] - Free cash flow generated in Q3 2025 was $1.35 billion, with $4.55 billion over the trailing 12 months [12] Guidance - For Q4 2025, Airbnb expects revenues between $2.66 billion and $2.72 billion, indicating a year-over-year increase of 7-10% [13] - The company anticipates mid-single-digit year-over-year growth in Nights and Seats Booked for Q4 2025 [13]

Group 1: Affirm Holdings (AFRM) - Affirm Holdings reported an EPS of 23 cents, beating estimates by 12 cents [1][7] - Revenue reached $933.34 million, a 33.6% year-over-year increase, surpassing estimates by $49.98 million [1][7] - The company raised its gross merchandise volume (GMV) guidance to $47.5 billion from $46 billion and increased the adjusted operating margin outlook to 27.1% from 26.1% [1][7] Group 2: Expedia Group (EXPE) - Expedia Group's shares rose by about 17%, or $37.47 per share, driven by strong earnings [2] - The company raised its 2025 revenue growth forecast to between 6% and 7%, up from earlier estimates of 3% to 5% [2] - Bookings in the B2B segment increased by 26% to $9.38 billion during the third quarter [2] Group 3: Globus Medical (GMED) - Globus Medical's shares increased by about 29%, or $18 per share, following strong earnings [3] - The company reported an EPS of $1.18, beating estimates by 41 cents [3] - Revenue was $769 million, a 23% increase year-over-year, exceeding estimates by $34.33 million [3][4] Group 4: Akamai Technologies (AKAM) - Akamai Technologies' shares rose by about 10%, or $7.26 per share, due to strong earnings [5] - The company reported an EPS of $1.86, beating estimates by 22 cents [5] - Revenue was $1.05 billion, a 5% year-over-year increase, surpassing estimates by $10 million [5][6]

Market Overview - U.S. equities are experiencing a mixed start as investors are concerned about technology stock valuations, delayed economic data, and significant corporate developments from Tesla [1][2] - Major U.S. stock indexes opened cautiously after a notable downturn, with the Nasdaq Composite down 1.90%, S&P 500 down 1.12%, and Dow Jones down 0.84% [2] - The S&P 500 showed a slight recovery to 6723 points, marking a 0.04% gain, but all major indexes are on track for weekly losses [3] Economic Indicators - The ongoing government shutdown has delayed key economic data releases, including the October jobs report, which is crucial for market participants [5] - The University of Michigan Consumer Sentiment Index for November is expected to provide insights into consumer confidence amid the shutdown [6] - Private sector data indicated over 150,000 layoffs in October, the highest for that month in over two decades, raising concerns about the labor market [6] Company-Specific Developments - Tesla shares rose 1.6% after shareholders approved CEO Elon Musk's proposed $1 trillion compensation package [8] - Expedia Group saw a significant increase of 15.23% in premarket trading after reporting stronger-than-expected third-quarter results [9] - IREN Ltd. jumped 5.18% in premarket trading following a first-quarter revenue report that exceeded estimates [9] Technology Sector Challenges - The technology sector is facing valuation concerns, leading to declines in major AI and tech stocks, including Nvidia, AMD, Palantir, and Microsoft [10] - Nvidia was down 1.5% in early trading, impacted by reports of the Trump administration blocking its sale of a scaled-down AI chip to China [10] - Other tech giants like Alphabet, Amazon, and Meta Platforms saw declines of approximately 1% in early trading [11] Market Sentiment and Future Outlook - Investors are closely monitoring developments regarding the government shutdown and consumer sentiment data, as the market navigates elevated valuations and policy uncertainty [12]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Upgrades - Piper Sandler upgraded Expedia (EXPE) to Neutral from Underweight with a price target of $250, increased from $190, following "very strong" Q3 results and positive Q4 guidance [2] - Macquarie upgraded Unity (U) to Outperform from Neutral with a price target of $50, up from $33, after a Q3 earnings beat as Vector continues to improve [2] - Oppenheimer upgraded JFrog (FROG) to Outperform from Perform with a price target of $75, citing strong quarterly performance and accelerating Cloud growth [3] - Benchmark upgraded Trade Desk (TTD) to Buy from Hold with a price target of $65, noting revenue growth of about 22% year-over-year excluding political acceleration [3] - KeyBanc upgraded Datadog (DDOG) to Overweight from Sector Weight with a price target of $230 post Q3 report, highlighting revenue acceleration excluding OpenAI and sustained visibility into OpenAI spending [4] Downgrades - Williams Trading downgraded Canada Goose (GOOS) to Sell from Hold with a price target of C$12, down from C$20, indicating that the company will not be sold or go private [5] - Needham downgraded CarMax (KMX) to Hold from Buy, citing a choppy macro recovery and increased competition leading to negative unit growth [5] - RBC Capital also downgraded CarMax to Sector Perform from Outperform with a price target of $34, down from $59 [5] - Needham downgraded Penn Entertainment (PENN) to Hold from Buy, removing the previous $22 price target after the early termination of the partnership with Disney's ESPN [5] - Goldman Sachs downgraded Sweetgreen (SG) to Sell from Neutral with a price target of $5, down from $10, due to pressures on both revenue and profitability [5] - UBS downgraded Cogent (CCOI) to Neutral from Buy with a price target of $27, down from $50, following softer results and a dividend cut [5]

Core Insights - Proactive provides fast, accessible, and actionable business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, mining, oil and gas, and emerging technologies [3] Technology Adoption - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Expedia stock was rising after the company said travel demand was strong, and not only for richer customers. ...

Core Insights - The stock price of Airbnb, Inc. (ABNB) declined by 2% following the previous article, indicating a trading range that reflects market sentiment [1] - The company reported its financial results for FQ3 2025 on November [1] Company Performance - Airbnb's stock has been trading within a range, suggesting a correlation with overall market sentiment [1] - The recent financial report for FQ3 2025 is a critical update for investors to assess the company's performance [1] Analyst Background - The analyst has over 10 years of experience in asset management, focusing on equity analysis, macroeconomics, and risk-managed portfolio construction [1] - The analyst emphasizes the importance of understanding macro trends and their influence on asset prices and investor behavior [1]