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Yahoo
3 days ago
- Business
- Yahoo
Expedia Stock Soars 14% on Better-Than-Expected Profit and Sales
Key Takeaways Expedia Group's stock jumped after the company exceeded earnings, revenue, and gross bookings forecasts on a big boost from international sales. The online travel site reported non-U.S. points of sale revenue jumped 13%. Expedia Group raised its full-year Group (EXPE) shares jumped 14% in premarket trading, on track to hit an all-time high, when the online travel site reported better-than-anticipated results and lifted its guidance on rising international demand for its services. The company posted second-quarter adjusted earnings per share of $4.24, $0.29 above the average estimate of analysts surveyed by Visible Alpha. Revenue gained 6% to $3.79 billion, and gross bookings were up 5% to $30.41 billion. Both also beat forecasts. Revenue from points of sale outside the U.S. rose 13% to $1.48 billion. U.S. points of sale revenue added 3% to $2.03 billion. Booked room nights grew 7% to 105.5 million. CEO Ariane Gorin said Expedia exceeded its own expectations 'while navigating a dynamic environment.' She noted the quarterly performance 'was driven by continued strength across B2B and Advertising and further progress on our key priorities.' The company now sees full-year revenue and gross bookings 3% to 5% higher, compared to its earlier outlook of an increase of 2% to 4% for each. It predicts EBITDA margin expansion of 100 basis points (bps), versus the prior 75 to 100 bps guidance. Shares of Expedia Group ended yesterday's session basically flat year-to-date. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
3 days ago
- Business
- CTV News
Expedia shares soar on upbeat forecast, U.S. travel rebound
A traveller walks through the domestic departures level at Toronto's Pearson International Airport, which remained unaffected, on Thursday, July 3, 2025. THE CANADIAN PRESS/Chris Young Shares of Expedia surged more than 17 per cent in premarket trading on Friday, after the online travel agent raised its full-year gross bookings forecast and struck an optimistic tone on the recovery in U.S. travel demand. Expedia is the latest travel company to hint at a rebound in demand, following weakness earlier this year when consumers fretted over the economic impact of President Donald Trump's tariff policies. 'Since the beginning of July, we've seen an uptick in overall travel demand, particularly in the U.S.,' CEO Ariane Gorin said on the earnings call on Thursday. The company expects 2025 gross bookings to grow between 3 per cent to 5 per cent, up 1 percentage point from its earlier forecast. Morningstar analyst Dan Wasiolek expects bookings growth to accelerate further to 7 per cent in 2026 as demand improves alongside policy visibility. Tariffs had disrupted travel spending, 'but it appears prospective U.S. travelers are prepared to book again,' said Danni Hewson, head of financial analysis at AJ Bell. Expedia has also been focusing on simplifying its organizational structure by eliminating roles, streamlining operations and deploying generative AI technology. Its second-quarter margin grew by 190 basis points, surpassing the company's May guidance of a 75- to 100-basis-point increase. The biggest fundamental takeaway is that Expedia's continued strategic focus and tighter expense controls are driving more consistent results, said Baird analyst Michael Bellisario. Expedia also joined industry peers Marriott MAR.O and Airbnb ABNB.O in noting strong bookings from higher-income consumers while lower-income consumers were more cautious with discretionary spending. Expedia's shares trade at about 12.01 times their forward profit estimates, below the industry median of 14.19. Reporting by Aishwarya Jain in Bengaluru; Editing by Devika Syamnath, Reuters
CNA
3 days ago
- Business
- CNA
Expedia shares soar on upbeat forecast, US travel rebound
Shares of Expedia surged more than 17 per cent in premarket trading on Friday, after the online travel agent raised its full-year gross bookings forecast and struck an optimistic tone on the recovery in U.S. travel demand. Expedia is the latest travel company to hint at a rebound in demand, following weakness earlier this year when consumers fretted over the economic impact of President Donald Trump's tariff policies. "Since the beginning of July, we've seen an uptick in overall travel demand, particularly in the U.S.," CEO Ariane Gorin said on the earnings call on Thursday. The company expects 2025 gross bookings to grow between 3 per cent to 5 per cent, up 1 per centage point from its earlier forecast. Morningstar analyst Dan Wasiolek expects bookings growth to accelerate further to 7 per cent in 2026 as demand improves alongside policy visibility. Tariffs had disrupted travel spending, "but it appears prospective U.S. travelers are prepared to book again," said Danni Hewson, head of financial analysis at AJ Bell. Expedia has also been focusing on simplifying its organizational structure by eliminating roles, streamlining operations and deploying generative AI technology. Its second-quarter margin grew by 190 basis points, surpassing the company's May guidance of a 75- to 100-basis-point increase. The biggest fundamental takeaway is that Expedia's continued strategic focus and tighter expense controls are driving more consistent results, said Baird analyst Michael Bellisario. Expedia also joined industry peers Marriott and Airbnb in noting strong bookings from higher-income consumers while lower-income consumers were more cautious with discretionary spending. Expedia's shares trade at about 12.01 times their forward profit estimates, below the industry median of 14.19.
Reuters
3 days ago
- Business
- Reuters
Expedia shares soar on upbeat forecast, US travel rebound
Aug 8 (Reuters) - Shares of Expedia (EXPE.O), opens new tab surged more than 17% in premarket trading on Friday, after the online travel agent raised its full-year gross bookings forecast and struck an optimistic tone on the recovery in U.S. travel demand. Expedia is the latest travel company to hint at a rebound in demand, following weakness earlier this year when consumers fretted over the economic impact of President Donald Trump's tariff policies. "Since the beginning of July, we've seen an uptick in overall travel demand, particularly in the U.S.," CEO Ariane Gorin said on the earnings call on Thursday. The company expects 2025 gross bookings to grow between 3% to 5%, up 1 percentage point from its earlier forecast. Morningstar analyst Dan Wasiolek expects bookings growth to accelerate further to 7% in 2026 as demand improves alongside policy visibility. Tariffs had disrupted travel spending, "but it appears prospective U.S. travelers are prepared to book again," said Danni Hewson, head of financial analysis at AJ Bell. Expedia has also been focusing on simplifying its organizational structure by eliminating roles, streamlining operations and deploying generative AI technology. Its second-quarter margin grew by 190 basis points, surpassing the company's May guidance of a 75- to 100-basis-point increase. The biggest fundamental takeaway is that Expedia's continued strategic focus and tighter expense controls are driving more consistent results, said Baird analyst Michael Bellisario. Expedia also joined industry peers Marriott (MAR.O), opens new tab and Airbnb (ABNB.O), opens new tab in noting strong bookings from higher-income consumers while lower-income consumers were more cautious with discretionary spending. Expedia's shares trade at about 12.01 times their forward profit estimates, below the industry median of 14.19.
Yahoo
3 days ago
- Business
- Yahoo
Expedia shares soar on upbeat forecast, US travel rebound
(Reuters) -Shares of Expedia surged more than 17% in premarket trading on Friday, after the online travel agent raised its full-year gross bookings forecast and struck an optimistic tone on the recovery in U.S. travel demand. Expedia is the latest travel company to hint at a rebound in demand, following weakness earlier this year when consumers fretted over the economic impact of President Donald Trump's tariff policies. "Since the beginning of July, we've seen an uptick in overall travel demand, particularly in the U.S.," CEO Ariane Gorin said on the earnings call on Thursday. The company expects 2025 gross bookings to grow between 3% to 5%, up 1 percentage point from its earlier forecast. Morningstar analyst Dan Wasiolek expects bookings growth to accelerate further to 7% in 2026 as demand improves alongside policy visibility. Tariffs had disrupted travel spending, "but it appears prospective U.S. travelers are prepared to book again," said Danni Hewson, head of financial analysis at AJ Bell. Expedia has also been focusing on simplifying its organizational structure by eliminating roles, streamlining operations and deploying generative AI technology. Its second-quarter margin grew by 190 basis points, surpassing the company's May guidance of a 75- to 100-basis-point increase. The biggest fundamental takeaway is that Expedia's continued strategic focus and tighter expense controls are driving more consistent results, said Baird analyst Michael Bellisario. Expedia also joined industry peers Marriott and Airbnb in noting strong bookings from higher-income consumers while lower-income consumers were more cautious with discretionary spending. Expedia's shares trade at about 12.01 times their forward profit estimates, below the industry median of 14.19. Sign in to access your portfolio
