Core Insights - Expedia Group (EXPE) reported second-quarter 2025 adjusted earnings of $4.24 per share, exceeding the Zacks Consensus Estimate by 2.42% and reflecting a year-over-year increase of 20.8% [1] - Revenues reached $3.79 billion, a 6.4% year-over-year rise, also surpassing the Zacks Consensus Estimate by 1.94% [1] - B2B revenues grew by 15% year over year to $1.21 billion, while B2C revenues increased by 2% to $2.48 billion [1] Gross Bookings - Total gross bookings amounted to $30.4 billion, marking a 5% year-over-year increase [2] - B2C gross bookings rose by 1%, while B2B gross bookings surged by 17%, achieving the 16th consecutive quarter of double-digit growth [2] - Lodging gross bookings increased by 6% year over year to $22.07 billion, with hotel bookings climbing by 8% [2] Operating Performance - Adjusted EBITDA for the quarter was $908 million, up 15.5% year over year, with an adjusted EBITDA margin of 24%, expanding by 190 basis points [3] - Direct sales and marketing expenses were $1.92 billion, representing 50.7% of revenues, an increase of 7.1% year over year [3] - Overhead expenses totaled $637 million, accounting for 16.8% of revenues, up 5.1% year over year [3] Profitability Metrics - Adjusted EBIT increased by 22.7% year over year to $583 million, with an adjusted EBIT margin improving by 200 basis points to 15.4% [4] Balance Sheet Overview - As of June 30, 2025, cash and cash equivalents and short-term investments were $6.7 billion, up from $6.1 billion as of March 31, 2025 [5] - Long-term debt stood at $4.466 billion, slightly up from $4.465 billion as of March 31, 2025 [5] - The gross leverage ratio was maintained at 2x, aligning with the target to uphold an investment-grade rating [5] Cash Flow - Net cash provided by operating activities was $1.12 billion for the quarter, with free cash flow amounting to $921 million [6] Future Guidance - For Q3 2025, EXPE expects gross bookings growth in the range of 5-7% and revenue growth between 4-6% [7] - The company anticipates adjusted EBITDA margins to increase by 50-100 basis points year over year for Q3 [9] - For the full year 2025, EXPE projects gross bookings and revenue growth in the 3-5% range, with adjusted EBITDA margin expansion of more than 100 basis points year over year [9]

Core Insights - Expedia Group (EXPE) is set to report its second-quarter 2025 results on August 7, with expected revenues of $3.71 billion, reflecting a 4.39% increase year-over-year, and earnings estimated at $4.14 per share, indicating a 17.95% rise from the previous year [1][3]. Financial Performance Expectations - The Zacks Consensus Estimate for EXPE's second-quarter 2025 revenues is $3.71 billion, a 4.39% increase from the same quarter last year [1]. - The consensus for earnings is $4.14 per share, which is a $0.01 increase over the past 30 days and represents a 17.95% increase year-over-year [1]. Recent Performance Trends - EXPE has surpassed the Zacks Consensus Estimate for earnings in three of the last four quarters, with an average surprise of 5.48% [2]. - The company anticipates gross bookings growth of 2-4% and revenue growth of 3-5%, with a one-point benefit from the Easter shift and a two-point foreign exchange headwind [3][9]. Market Dynamics - The performance in the second quarter is expected to be influenced by ongoing challenges in the U.S. market, resilience in international markets, and cost optimization efforts [3]. - Domestic travel softness and reduced inbound flows may have impacted B2C performance due to EXPE's significant U.S. market exposure [4]. Segment Performance - The B2B segment is expected to be a key growth driver, likely maintaining double-digit momentum supported by expanded partnerships and strength in the APAC region [5]. - Advertising revenues are projected to show robust growth, aided by increased partner participation and new advertising solutions, with AI-driven tools enhancing platform adoption [6]. Operational Efficiency - Management expects adjusted EBITDA margin expansion of 75-100 basis points year-over-year, driven by operational efficiency initiatives and cost discipline measures, including restructuring actions affecting approximately 4% of employees [7].

Core Insights - Booking Holdings Inc. (BKNG) experienced a significant Power Inflow, indicating potential upward movement in its stock price [2][3] - The Power Inflow occurred at a price of $5296.03, suggesting a bullish signal for traders [3][7] - Following the Power Inflow, the stock reached a high price of $5351.80 and closed at $5341.91, resulting in returns of 1.1% and 0.87% respectively [7] Order Flow Analytics - Order flow analytics involves analyzing the volume rate of buy and sell orders to gain insights into market conditions [4] - This analysis helps traders identify trading opportunities and make informed decisions based on institutional activity [6] - The Power Inflow is interpreted as a bullish signal by active traders, indicating a possible uptrend [4][5] Market Behavior - The Power Inflow typically occurs within the first two hours of market open, influencing the stock's overall direction for the day [5] - Traders monitor for sustained momentum in the stock price following the Power Inflow to capitalize on expected upward movement [3][5] - Incorporating order flow analytics into trading strategies can enhance trading performance and decision-making [6]

Core Insights - Expedia reported $2.99 billion in revenue for Q1 2025, a year-over-year increase of 3.4%, with an EPS of $0.40 compared to $0.21 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $3.03 billion, resulting in a surprise of -1.27%, while the EPS also missed the consensus estimate of $0.42 by -4.76% [1] Financial Performance Metrics - Gross bookings totaled $31.45 billion, slightly below the average estimate of $31.85 billion [4] - Stayed room nights were 108, exceeding the average estimate of 106, with a growth rate of 6%, lower than the 8.1% average estimate [4] - Merchant gross bookings were $18.21 billion, compared to the estimated $18.83 billion [4] - International revenue was $1.16 billion, below the average estimate of $1.22 billion, but showed a year-over-year increase of 5.6% [4] - U.S. revenue reached $1.83 billion, slightly below the estimated $1.85 billion, reflecting a 2.1% year-over-year increase [4] - B2C revenue was $1.96 billion, below the average estimate of $2.04 billion, while B2B revenue was $947 million, exceeding the estimate of $924.59 million, marking a 13.7% year-over-year increase [4] - Revenue from lodging was $2.29 billion, below the estimate of $2.36 billion, with a year-over-year increase of 2.7% [4] - Revenue from Trivago was $85 million, surpassing the estimate of $74.76 million, with a significant year-over-year increase of 21.4% [4] - Air revenue was $107 million, below the estimated $114.41 million, reflecting a year-over-year decrease of 7% [4] - Other revenue was $333 million, below the estimate of $352.60 million, with a slight year-over-year increase of 0.6% [4] Stock Performance - Expedia shares returned +3% over the past month, compared to the Zacks S&P 500 composite's +11.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Viewpoint - Analysts project that Expedia (EXPE) will report quarterly earnings of $0.42 per share, reflecting a 100% year-over-year increase, with revenues expected to reach $3.03 billion, a 4.8% increase from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised 4.9% lower over the last 30 days, indicating a reevaluation of initial estimates by analysts [2]. - Prior to earnings releases, revisions to earnings projections are crucial for predicting investor behavior, as empirical studies show a strong correlation between earnings estimate trends and short-term stock performance [3]. Revenue Projections - Analysts predict 'Revenue- B2B' will reach $924.59 million, marking an 11% increase year-over-year [5]. - 'Revenue by Service Type- Lodging' is expected to be $2.36 billion, reflecting a 6.1% year-over-year change [5]. - 'Revenue- Trivago' is projected at $74.76 million, indicating a 6.8% increase from the prior year [5]. - 'Revenue by Service Type- Air' is estimated at $114.41 million, suggesting a slight decline of 0.5% year-over-year [6]. - 'Revenue- Advertising, Media and other' is expected to reach $277.37 million, a 12.3% increase from the previous year [6]. - 'Revenue- International' is projected at $1.22 billion, reflecting an 11.3% increase year-over-year [7]. - 'Revenue- United States' is estimated at $1.85 billion, indicating a 3.3% year-over-year change [7]. Gross Bookings - Analysts forecast 'Gross bookings - Total' to reach $31.85 billion, compared to $30.16 billion from the previous year [7]. - 'Gross bookings - Merchant' is expected to be $18.83 billion, up from $16.86 billion year-over-year [8]. - 'Gross bookings - Agency' is projected at $13.81 billion, compared to $13.30 billion from the prior year [9]. Key Metrics - The consensus estimate for 'Stayed room nights/ Booked room nights' stands at 106, up from 101 year-over-year [8]. - 'Stayed Room Night /Booked room nights Growth' is expected to be 8.1%, compared to 7% in the same quarter last year [8]. Stock Performance - Over the past month, shares of Expedia have returned +14.1%, significantly outperforming the Zacks S&P 500 composite's +0.4% [9].

Group 1 - Trip.com (NASDAQ: TCOM) reported a 173% increase in inbound tourism orders for the upcoming Labor Day holiday compared to the previous year, indicating a positive trend for the company [1] Group 2 - Astrada Advisors specializes in investment research across technology, media, internet, and consumer sectors in North America and Asia, focusing on identifying high-potential investments and navigating complex industries [1] - The research provided by Astrada Advisors integrates fundamental analysis with data-driven insights, offering a comprehensive view of industry dynamics and key trends [1]

Core Insights - Booking Holdings reported $4.76 billion in revenue for Q1 2025, a year-over-year increase of 7.9% and an EPS of $24.81 compared to $20.39 a year ago, exceeding Zacks Consensus Estimates [1] - The company achieved a revenue surprise of +3.58% and an EPS surprise of +43.83% compared to consensus estimates [1] Financial Performance Metrics - Gross Bookings totaled $46.70 billion, surpassing the average estimate of $46.40 billion [4] - Agency Gross Bookings were $15.50 billion, below the average estimate of $16.38 billion [4] - Merchant Gross Bookings reached $31.20 billion, exceeding the average estimate of $30 billion [4] - Units Sold for Room Nights were 319 million, slightly above the estimate of 317.86 million [4] - Units Sold for Airline Tickets were 16 million, significantly above the estimate of 13.23 million [4] - Rental Car Days sold were 22 million, slightly below the average estimate of 22.89 million [4] - Agency Revenues were $1.56 billion, slightly below the average estimate of $1.59 billion, representing a year-over-year decline of -11.3% [4] - Advertising and Other Revenues were $280 million, above the average estimate of $275.31 million, reflecting a year-over-year increase of +6.1% [4] - Merchant Revenues were $2.92 billion, exceeding the average estimate of $2.72 billion, with a year-over-year increase of +22.2% [4] Stock Performance - Shares of Booking Holdings returned +6.1% over the past month, outperforming the Zacks S&P 500 composite, which changed by -0.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]