The earnings call highlighted significant growth in international markets, B2B, and advertising segments, along with successful strategic partnerships and AI advancements enhancing conversion rates. However, the muted U.S. travel market, declines in Vrbo and Hotels.com bookings, and shortened booking windows presented challenges.

Company Guidance

During the Expedia Group Q2 2025 Financial Results Teleconference, the company reported a 5% increase in gross bookings and a 6% rise in revenue, with adjusted EBITDA margins expanding by nearly 2 points. Brand Expedia was highlighted as the largest and fastest-growing consumer brand, while the B2B segment saw a 17% growth in bookings. Advertising revenue increased by 19%, driven by a record number of active partners. The company observed a 7% growth in booked room nights, with a notable 20% increase in Asia. Expedia raised its annual guidance due to strong first-half performance and current travel demand trends, expecting full-year gross bookings and revenue growth of 3% to 5%, with adjusted EBITDA margin expansion of a full point. The company emphasized strategic priorities, including delivering value to travelers, investing in growth areas like B2B and advertising, and driving operational efficiencies.

Exceeded Top and Bottom Line Expectations

Gross bookings grew by 5%, revenue increased by 6%, and adjusted EBITDA margins expanded by nearly 2 points, surpassing both top and bottom line expectations.

B2B and Advertising Strong Performance

B2B bookings grew 17%, marking the 16th consecutive quarter of double-digit growth, and advertising revenue increased by 19% with a record number of active partners.

International Growth

Room nights grew mid-teens in the rest of the world and nearly 20% in Asia. International revenue growth was up 13%.

AI Enhancements Driving Conversion

AI filters improved traveler experience and increased conversion rates. Insurance products personalized coverage, resulting in the highest insurance attach rates ever.

Successful Strategic Partnerships

Partnership with Southwest Airlines contributed to outpacing total U.S. air ticket sales, and partnerships with Premier Inn and Ryanair strengthened the European value proposition.

Record Attach Rates for Brand Expedia

Brand Expedia was the largest and fastest-growing consumer brand, with multi-item attach rates at their highest level since the pandemic.

Improved Marketing Leverage

For the past 3 quarters, the company achieved flat or leveraged direct marketing spend in the consumer business.

Expedia (EXPE) Earnings, Revenues Date & History

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EXPE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	6.95 / -	6.13	―	―	―
Aug 07, 2025	2025 (Q2)	3.97 / 4.24	3.51	20.80% (+0.73)
May 08, 2025	2025 (Q1)	0.35 / 0.40	0.21	90.48% (+0.19)	―
Feb 06, 2025	2024 (Q4)	2.09 / 2.39	1.72	38.95% (+0.67)	―
Nov 07, 2024	2024 (Q3)	6.07 / 6.13	5.41	13.31% (+0.72)	―
Aug 08, 2024	2024 (Q2)	3.18 / 3.51	2.89	21.45% (+0.62)	―
May 02, 2024	2024 (Q1)	-0.14 / 0.21	-0.2	205.00% (+0.41)	―
Feb 08, 2024	2023 (Q4)	1.67 / 1.72	1.26	36.51% (+0.46)	―
Nov 02, 2023	2023 (Q3)	4.96 / 5.41	4.05	33.58% (+1.36)	―
Aug 03, 2023	2023 (Q2)	2.35 / 2.89	1.96	47.45% (+0.93)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

EXPE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$187.26	$194.89	+4.07%
May 08, 2025	$168.27	$155.99	-7.30%
Feb 06, 2025	$171.47	$201.08	+17.27%
Nov 07, 2024	$173.02	$179.61	+3.81%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.