Expedia Group's Target Raised to $282 After 32% EBITDA Growth
Baird lifted its Expedia Group price target to $282 from $280 and maintained an Outperform rating after it reported 9% room-night growth and a 32% jump in adjusted EBITDA in Q4 2025. It closed 2025 with $5.7 billion in cash, repurchased $1.7 billion of shares and raised its dividend 20% to $0.48.
1. Analyst Target Revision
On February 13, Baird increased its Expedia Group price target by $2 to $282 and kept an Outperform rating. The firm revised its financial model to reflect stronger-than-expected operating trends across the company’s travel technology platform.
2. Fourth-Quarter Financial Performance
Expedia Group delivered double-digit year-over-year growth in gross bookings and revenue for Q4 2025, saw room nights rise 9%, and achieved a 32% increase in adjusted EBITDA. B2B bookings climbed 24%, supported by robust demand in both U.S. and international markets.
3. Capital Allocation and Returns
The company finished 2025 with $5.7 billion in cash, executed a $1.7 billion share repurchase of roughly 9 million shares, and boosted its quarterly dividend by 20% to $0.48, payable March 26, 2026. These moves underline Expedia’s focus on disciplined capital deployment and enhanced shareholder returns.