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SEATTLE - Expedia Group, Inc. (NASDAQ:EXPE) reported third-quarter earnings that surpassed analyst expectations, driving shares up 12.8% as the online travel company delivered strong growth across its business segments and raised its full-year outlook.
The travel booking platform posted adjusted earnings per share of $7.57 for the quarter ended September 30, 2025, significantly beating the analyst estimate of $6.98. Revenue came in at $4.41 billion, exceeding the consensus estimate of $4.28 billion and representing a 9% increase YoY.
Booked room nights grew 11% compared to the same period last year, with the company highlighting the fastest U.S. growth in three years. Total gross bookings increased 12%, driven by a robust 26% jump in B2B bookings, while B2C gross bookings rose 7%.
"Our strong third quarter results exceeded both our top and bottom-line expectations, reflecting an improved demand environment, disciplined execution and tangible progress on our strategic priorities," said Ariane Gorin, CEO of Expedia Group.
Expedia’s adjusted EBITDA increased 16% to $1.45 billion, with margins expanding by 208 basis points. The company also returned significant capital to shareholders, repurchasing approximately 2.3 million shares for $451 million during the quarter.
Following the strong performance, Expedia raised its full-year 2025 guidance, now expecting gross bookings growth of 7% (up from previous guidance of 3-5%) and revenue growth of 6-7% (up from 3-5%). The company also increased its adjusted EBITDA margin expansion forecast to 2% from 1%.
For the fourth quarter, Expedia projects gross bookings and revenue growth of 6-8%.
The company declared a quarterly dividend of $0.40 per share, payable on December 11, 2025, to stockholders of record as of November 19, 2025.
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