Expedia Cuts 2026 Revenue Guidance After Q1 Revenue Rises 15% to $3.43B
EXPE•Expedia Group trimmed its fiscal 2026 revenue outlook after reporting Q1 revenue of $3.43 billion, up 15% year-over-year, and adjusted EPS of $1.96 versus $0.40 a year ago. Total gross bookings climbed 13%, driven by a 25% surge in its business-to-business segment.
1. First-Quarter Earnings Beat Estimates
Expedia posted adjusted earnings of $1.96 per share for Q1, surpassing consensus of $1.41 and up from $0.40 a year earlier. Revenue climbed 15% to $3.43 billion, fueled by a rebound in travel demand and expanded service offerings.
2. Bookings Growth Driven by B2B Segment
Total gross bookings increased 13% to $29 billion, with lodging bookings up 13%. The B2B unit led growth, recording a 25% increase in bookings, while B2C bookings rose 10%.
3. Full-Year Guidance Revision and Market Impact
Management lowered its full-year 2026 revenue guidance, citing continued investment in platform enhancements and evolving travel trends. Shares declined in extended trading following the guidance cut, reflecting investor concerns about growth headwinds.
