Logotype for Expedia Group Inc

Expedia Group (EXPE) investor relations material

Expedia Group Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Expedia Group Inc
Q2 2025 earnings summary7 Aug, 2025

Executive summary

  • Q2 2025 results exceeded expectations, with gross bookings up 5%, revenue up 6%, and adjusted EBITDA up 16% year-over-year, driven by strong B2B and advertising growth.

  • Adjusted EBITDA margin expanded by 190 basis points to 24%, and operating income grew 8% to $485M.

  • Booked room nights rose 7%, led by international markets.

  • Net income attributable to shareholders was $330M, down from $386M in Q2 2024.

  • $627M in share repurchases were completed, and a $0.40 per share dividend was declared.

Financial highlights

  • Gross bookings reached $30.4B, up 5% year-over-year; revenue was $3.8B, up 6% year-over-year.

  • Adjusted EBITDA was $908M, with a 24% margin; adjusted EPS rose 21% to $4.24.

  • Free cash flow (TTM) was $2B; Q2 free cash flow was $921M.

  • Advertising revenue grew 19% to $182M; trivago revenue up 28% to $98M.

  • Lodging revenue rose 6% to $3.04B; air revenue declined 5% to $105M.

Outlook and guidance

  • Q3 2025 guidance: gross bookings growth of 5–7%, revenue growth of 4–6%.

  • Full-year 2025 guidance raised: gross bookings up 4–7%, revenue up 4–6%, and adjusted EBITDA margin expansion of 100 bps.

  • Q4 growth expected to moderate due to tough comps and ongoing U.S. consumer uncertainty.

  • Management notes ongoing macroeconomic and geopolitical pressures impacting travel demand, especially in the U.S.

  • Expects continued B2B growth and benefits from unified technology platform.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Expedia Group earnings date

Logotype for Expedia Group Inc
Q3 20256 Nov, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Expedia Group earnings date

Logotype for Expedia Group Inc
Q3 20256 Nov, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Personalized journeys at your fingertips

Expedia Group is a well-known online travel company that specializes in providing travel and accommodation services to customers worldwide. The company operates an extensive platform that allows users to search, compare, and book flights, hotels, vacation rentals, car rentals, cruises, and other travel-related services. Expedia's platform offers a wide range of options, catering to different budgets, preferences, and destinations, making it a popular choice for travelers seeking convenience and affordability.

Expedia Group operates through two main business segments: Core OTA (Online Travel Agency) and Trivago. The Core OTA segment includes Expedia.com, Hotels.com, Orbitz, Travelocity, and other online travel brands that provide a comprehensive suite of travel services. Trivago, on the other hand, is a metasearch platform that allows users to compare hotel prices and availability across various booking sites, helping them find the best deals.

Started off within Microsoft

Expedia Group is headquartered in Seattle, Washington, and was founded in 1996 as a division of Microsoft. It later became an independent company in 1999. Expedia has grown over the years through strategic acquisitions and partnerships, expanding its global footprint and enhancing its service offerings.

The company operates in over 200 countries and territories, serving millions of customers annually. Expedia's platform is available in multiple languages, ensuring accessibility for a diverse customer base. With its user-friendly interface, advanced search algorithms, and comprehensive travel options, Expedia has become a go-to platform for travelers seeking a seamless booking experience.

Expedia also offers additional services to enhance the travel experience, such as activities, attractions, and travel insurance. The company's goal is to provide customers with a one-stop-shop for all their travel needs, making it easier and more convenient to plan and book their trips.

Competitive landscape

Expedia Group faces competition from other prominent players in the online travel industry. Three notable competitors are Booking Holdings Inc., which owns Booking.com and other travel brands, Airbnb, a popular platform for vacation rentals, and Tripadvisor, a well-known travel review and booking website. These competitors also offer a range of travel services and strive to attract and retain customers in a highly competitive market.

In summary, Expedia Group is a leading online travel company that offers a comprehensive range of travel and accommodation services. With its extensive platform, global presence, and commitment to customer satisfaction, Expedia has established itself as a trusted and convenient choice for travelers worldwide.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage