SEATTLE--(BUSINESS WIRE)--Expedia Group today announced it has entered into an agreement to acquire Tiqets, an Amsterdam-based global platform for activities and experiences. This agreement expands Expedia Group's capabilities for the sizeable and rapidly growing travel segment of activities and experiences, and enhances our ability to deliver more comprehensive, full-trip travel solutions for millions of travelers and partners globally. The transaction, which remains subject to Works Council advice and oth ...

Expedia Group, Inc. (NASDAQ:EXPE) is included among the 15 Dividend Stocks that Outperform the S&P 500. BNP Paribas Exane Starts Expedia (EXPE) Coverage Amid Travel Market Strength Image by Steve Buissinne from Pixabay On November 24, BNP Paribas Exane’s Nick Jones began covering Expedia Group, Inc. (NASDAQ:EXPE), assigning the sto⁠ck a N‌eutral rating. Expedia Group, Inc. (NASDAQ:EXPE) has already reported solid mo‌mentum for​ the third quarter of 2025. Revenu‍e increased 9% from a year earlier to $‌4 ...

Core Insights - Expedia Group, Inc. (NASDAQ:EXPE) has been recognized as one of the 15 Best Stocks to Buy for the Medium Term [1] - Mizuho analyst raised the price target for Expedia to $270 from $240 while maintaining a Neutral rating, citing strong earnings and positive sales growth guidance for Q4 [2] - In fiscal Q4 2025, Expedia reported revenue of over $4.4 billion, a 9% year-over-year increase, surpassing Wall Street expectations [3] - Earnings per share reached $7.57, which is 23% higher than the previous year and 9% above estimates, with booked room nights growing 11% year-over-year [3] - The company experienced margin expansion of over 2 points due to operational discipline and volume leverage, and sees AI as a significant opportunity for future efficiency improvements [4] Financial Performance - Revenue for Q4 2025 was reported at just over $4.4 billion, exceeding the consensus estimate of $4.3 billion [3] - Earnings per share were reported at $7.57, which is 23% higher than the previous year [3] - Booked room nights increased by 11% year-over-year, marking the fastest growth in over three years [3] Strategic Outlook - Expedia guided for mid- to high-single-digit sales growth in Q4 and further margin expansion anticipated in 2026 [2] - The company highlighted the potential of AI to enhance operational efficiency and effectiveness over time [4]

Core Insights - Expedia's shares increased by over 18% following a strong third-quarter earnings report, driven by significant growth in bookings, revenue, and profits, with CEO Ariane Gorin highlighting AI-driven improvements and consistent travel demand [1][2]. Financial Performance - Expedia reported third-quarter revenues of $4.4 billion, a 9% increase from $4.1 billion year-on-year, and gross bookings grew by 12% to $30.7 billion from $27.5 billion [2]. - The company experienced a 40% year-on-year surge in net income, with diluted earnings per share rising 45% to $7.33 from $5.04 [2]. - Adjusted EBITDA margin reached 32.9%, marking the highest level in over two years [2]. Executive Commentary - Executives indicated that the results exceeded expectations, driven by increased travel demand, artificial intelligence integration, and effective cost management, with Asia showing the fastest growth at over 20% [3]. - CFO Scott Schenkel noted that higher demand in the U.S. and improved marketing efficiency contributed to enhanced profitability [3]. - CEO Ariane Gorin mentioned that AI is now embedded in Expedia's core products to improve search capabilities, review summarization, and customer service, alongside partnerships with Google, OpenAI, and Perplexity that are strengthening Expedia's position in travel search [3]. - Both Hotels.com and Vrbo, brands under the Expedia Group, returned to year-over-year growth [3].

分组1: Expedia - Expedia's stock surged following its quarterly earnings report, with a notable increase of 14% in early trading [7][8] - The company reported adjusted EPS of $7.57, exceeding the expected $6.92, and revenue for Q3 was $4.41 billion, surpassing the forecast of over $4.25 billion [2][3] - Expedia raised its 2025 outlook for both revenue and margins, indicating strength in the travel sector and consumer willingness to travel [3][4] - The business-to-business segment saw a significant growth of 26%, highlighting its importance as a growth engine [4][5] - Travel trends showed room nights grew at the fastest pace in three years, with international markets, particularly Asia, leading the growth at over 20% [5][6] 分组2: Airbnb - Airbnb also reported strong earnings, with shares rising nearly 2% after a volatile period, although not as strong as Expedia [7][8] - Adjusted EPS was $2.21, which was a miss, but revenue came in at $4.09 billion, better than expected [8][9] - Nights and experiences booked reached over 133 million, up 9%, and gross booking value increased by 14% year-over-year to $22.9 billion, indicating strong traveler spending [9][10] - For Q4, Airbnb projected revenue between $2.66 billion and $2.72 billion, suggesting stability in demand ahead of the holiday season [10][11] - The company is focusing on four growth pillars, including improving core services and integrating AI into its offerings [11][12] 分组3: Take-Two Interactive - Take-Two Interactive's stock fell over 4% following the announcement of a delay for Grand Theft Auto 6, now scheduled for November 2026 [13][14] - The company reported adjusted EPS of $1.46, beating expectations of $0.93, and revenue of $1.96 billion, a 23% year-over-year increase [14][15] - Despite strong performance from other titles like NBA 2K 26 and Red Dead Redemption 2, the delay of GTA 6 overshadowed the positive earnings report [15][16]

Core Viewpoint - Expedia's third-quarter performance exceeded market expectations, showcasing strong growth in sales and adjusted earnings per share, indicating a positive outlook for the company and the online travel industry [1] Financial Performance - Third-quarter sales increased by 9% year-over-year to $4.41 billion, surpassing market expectations of $4.28 billion [1] - Adjusted earnings per share rose by 23% year-over-year to $7.57, exceeding the anticipated $6.97 [1] - Total bookings across platforms, including Hotels.com, Vrbo, and Expedia.com, grew by 12% year-over-year to $30.73 billion, higher than the expected $29.1 billion [1] Future Outlook - Expedia forecasts a median sales growth of 7% for the fourth quarter, significantly above the expected 2.6% [1] - The company has raised its full-year sales growth forecast to a median of 6.5%, up from the previous expectation of 4% [1]

Financial Data and Key Metrics Changes - The company reported a 12% increase in bookings and a 9% increase in revenue for Q3 2025, with EBITDA margin expanding by over two points [5][14][15] - Gross bookings reached $30.7 billion, with a 12% year-over-year growth, benefiting from foreign exchange [15][20] - Adjusted EBITDA was $1.4 billion, with a margin of 33%, reflecting revenue and expense leverage [17][20] Business Line Data and Key Metrics Changes - B2B bookings increased by 26%, marking the 17th consecutive quarter of double-digit growth, while advertising revenue grew by 16% [6][15] - B2C gross bookings were $21.3 billion, growing 7% year-over-year, with B2C revenue at $2.9 billion, up 4% [15][16] - The company saw strong performance in its consumer brands, particularly in Europe, with Expedia being the largest and fastest-growing brand [6][16] Market Data and Key Metrics Changes - In the U.S., room nights increased by high single digits, marking the fastest growth in over three years, while EMEA saw low double-digit growth and Asia over 20% [6][14] - The company experienced strong demand for premium travel, with growth in both high-end and lower-end segments [15] Company Strategy and Development Direction - The company is focused on delivering more value to travelers through personalized experiences and enhanced loyalty programs [7][9] - Investment in B2B and advertising continues to be a priority, with new tools and AI integration driving growth [10][11] - The company is leveraging AI to improve operational efficiencies and enhance customer service [12][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to execute and create value for stakeholders, despite monitoring economic indicators [12][20] - The company raised its full-year guidance based on strong Q3 results and ongoing trends [5][20] Other Important Information - The company ended the quarter with $6.2 billion in unrestricted cash and short-term investments, maintaining a strong cash position [19] - Free cash flow on a trailing 12-month basis was $3 billion, reflecting the strength of the operating model [19] Q&A Session Summary Question: Thoughts on B2B growth and competitive environment - Management highlighted exceptional B2B performance, driven by strong supply and technology, with a focus on signing new partners and enhancing product offerings [24][25] Question: Sources of margin expansion - Management identified sales and marketing optimization, cost of sales management, and overhead control as key sources for future margin expansion [31][33] Question: Update on replatforming and brand performance - Management noted that replatforming has enabled better scale and performance across brands, with Hotels.com and Vrbo showing strong results [41][44] Question: Direct bookings and marketing efficiency - Management reported that direct bookings account for about two-thirds of consumer business, with ongoing improvements in conversion rates [68][70] Question: Outlook for Q4 and government shutdown impact - Management expressed confidence in Q4 guidance while monitoring potential impacts from the government shutdown [86][88] Question: International travel dynamics - Management indicated that inbound travel to the U.S. is nearly back to last year's levels, with healthy growth across various corridors [95]

Financial Data and Key Metrics Changes - Bookings increased by 12% and revenue grew by 9%, with EBITDA margin expanding by over 2 points [5][16][17] - Gross bookings reached $30.7 billion, reflecting a 12% year-over-year increase, with a 1-point benefit from foreign exchange [17] - Adjusted EBITDA was $1.4 billion, with a margin of 33%, driven by revenue and expense leverage [19] Business Line Data and Key Metrics Changes - B2C gross bookings were $21.3 billion, growing 7% year-over-year, while B2C revenue increased by 4% to $2.9 billion [18] - B2B gross bookings surged by 26% to $9.4 billion, with B2B revenue growing by 18% [18] - Advertising revenue rose by 16%, marking another double-digit growth quarter [17] Market Data and Key Metrics Changes - In the U.S., room nights increased by high single digits, marking the fastest growth in over three years [7][16] - EMEA saw low double-digit growth in room nights, while Asia experienced over 20% growth [7] - B2B bookings increased for the 17th consecutive quarter, with a 26% rise [7] Company Strategy and Development Direction - The company is focused on delivering more value to travelers through personalized experiences and enhanced product offerings [8][10] - Investment in growth opportunities, particularly in B2B and advertising, is a key strategic priority [10][11] - The integration of AI into products is expected to drive engagement and improve operational efficiencies [9][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to execute and create value amidst a dynamic macro environment [14][15] - The company raised its full-year guidance based on strong demand trends observed in Q3 [6][22] - Economic indicators are being monitored closely, with a focus on maintaining agility in operations [14][22] Other Important Information - The company ended the quarter with $6.2 billion in unrestricted cash and short-term investments [21] - Free cash flow on a trailing 12-month basis was $3 billion, reflecting a strong operating model [21] - The company has $1.8 billion remaining in its share repurchase program [21] Q&A Session Summary Question: Thoughts on B2B growth and competitive environment - Management highlighted exceptional B2B performance, emphasizing strong supply and technology as key growth drivers [26][28] Question: Sources of margin expansion - Margin expansion is expected from optimized sales and marketing, improved cost of sales, and overhead management [34][35] Question: Update on replatforming and brand performance - Replatforming has enabled better scale and performance across brands, with Hotels.com and Vrbo showing strong growth [41][44] Question: Direct bookings and marketing efficiency - Direct bookings account for about two-thirds of consumer business, with ongoing improvements in conversion rates [68][70] Question: U.S. room nights acceleration drivers - Room nights growth was driven by strong performance across both consumer and B2B segments [73][75] Question: Outlook for Q4 amidst potential government shutdown - Guidance reflects stable trends, with monitoring of the government shutdown's potential impact on travel demand [86][89]

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 - Expedia Group, Inc. has a market capitalization of $27.2 billion and operates in the online travel sector, offering services in B2C, B2B, and metasearch segments with brands like Expedia.com, Hotels.com, Vrbo, and trivago [1] Performance Overview - Over the past 52 weeks, Expedia's stock has increased by 38.3%, outperforming the S&P 500 Index's 18.1% gain [2] - Year-to-date, Expedia shares are up 19.7%, compared to the S&P 500's 16.8% return [2] - The company has also outperformed the Consumer Discretionary Select Sector SPDR Fund (XLY), which saw an 18.2% increase over the same period [3] Financial Results - On August 7, Expedia's shares rose by 4.1% following the release of Q2 2025 results, which showed a 6% revenue increase to $3.79 billion and a 21% rise in adjusted EPS to $4.24 [4] - The growth was attributed to a 15% increase in B2B revenue and a 19% increase in Advertising revenue, along with a 16% growth in adjusted EBITDA and a 190 basis points margin expansion [4] - The company raised its Q3 2025 guidance, expecting gross bookings growth of 5% to 7% and revenue growth of 4% to 6% [4] Analyst Expectations - For the fiscal year ending December 2025, analysts project a 22.3% year-over-year growth in EPS to $11.51 [5] - The consensus rating among 35 analysts is a "Moderate Buy," with 11 "Strong Buy" ratings, one "Moderate Buy," 22 "Holds," and one "Strong Sell" [5] Price Targets - Truist raised its price target for Expedia to $210 while maintaining a "Hold" rating [6] - The mean price target of $227.18 indicates a 1.6% premium to the current price, while the highest target of $290 suggests a potential upside of 29.6% [6]