• Expedia’s Q2 2025 earnings outperformed expectations with an EPS of $4.24 and revenue of $3.79 billion, showcasing growth and operational success.
• The company’s B2B segment experienced significant expansion, leading to a optimistic forecast for future bookings and revenues.
• In light of Q2 achievements, Expedia raised its full-year revenue guidance, expecting between $14.10 billion and $14.38 billion, reflecting continued confidence in growth.

Expedia Group Inc (NASDAQ:EXPE), a prominent online travel facilitator, offers various services including hotel bookings, airline tickets, and vacation packages. On August 12, 2025, Citigroup adjusted its rating for Expedia to Neutral while maintaining a hold action. At the time, the stock price stood at $203.19, and Citigroup raised Expedia’s price target from $177 to $206.

Expedia’s second quarter of 2025 demonstrated remarkable results. The company reported earnings per share (EPS) of $4.24 and revenues of $3.79 billion, both surpassing market expectations. EPS exceeded forecasts by 2.42%, illustrating a 20.8% year-over-year increase. Revenue increased by 6.4% year over year, also beating predictions by 1.94%. This strong performance pushed the stock price up to $203.19, representing an increase of 5.48% or $10.56.

Notably, the B2B segment thrived, with bookings climbing 17% and marking 16 consecutive quarters of double-digit growth. B2B revenues surged 15%, reaching $1.21 billion, while B2C revenues rose modestly by 2% to $2.48 billion. Advertising revenues also exhibited strong performance, soaring 19% year over year. These achievements have allowed Expedia to uplift its forecasts for both Q3 and full-year growth.

Expedia’s total gross bookings reached $30.4 billion, seeing a 5% year-over-year increase. Booked room nights grew by 7%, supported primarily by growth outside the United States. Lodging gross bookings increased by 6%, while hotel bookings surged by 8%, driven by the strength in B2B and Brand Expedia. Adjusted EBITDA rose by 16% to $908 million, with margins increasing by 190 basis points to 24%. The company adjusted its full-year estimates, projecting gross bookings growth between 3% and 5%.

In light of these results, Expedia has raised its full-year revenue guidance to between $14.10 billion and $14.38 billion, compared to market consensus of $14.15 billion. For Q3, the anticipated revenue is estimated between $4.22 billion and $4.30 billion. As of the recent market close, Expedia shares were priced at $187.61, with a market capitalization of approximately $24.71 billion. The day’s trading volume reached 2,429,306 shares on the NASDAQ exchange.