Expedia Group: Reports Third Quarter 2025 Results

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Information Source: Expedia Group, Inc

Exceeded guidance with 12% bookings and 9% revenue growth y/y; expanded Adj. EBITDA margins

Room nights up 11% y/y, driven by B2B and B2C strength in the U.S.

Repurchased $451 million of shares in the quarter; declares dividend of $0.40 per share

Increases full-year guidance
Expedia Group, Inc. (NASDAQ: EXPE) announced financial results today for the third quarter ended September 30, 2025.
Third Quarter Highlights (All comparisons year-over-year)
  • Booked room nights grew 11%, driven by the fastest U.S. growth in three years and continued international strength.
  • Total gross bookings grew 12%, driven by a 26% increase in B2B; B2C gross bookings grew 7%.
  • Lodging gross bookings grew 13%; hotel bookings increased 15%, driven by B2B and Expedia.
  • Revenue grew 9%, driven by B2B, which grew 18%.
  • Third quarter GAAP net income increased 40% while Adjusted net income grew 19%. Adjusted EBITDA increased 16% with 208 basis points of margin expansion, and Adjusted EBIT grew 27% with 373 basis points of margin expansion.
  • Diluted GAAP EPS increased 45% while Adjusted EPS grew 23%.
  • Repurchased approximately 2.3 million shares for $451 million in the third quarter and 7.9 million shares for $1.4 billion for the nine months of 2025.
  • Paid a quarterly dividend of $0.40 per share on September 18, 2025 and declared a quarterly dividend of $0.40 per share on November 6, 2025.
“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. “Notably, we grew room nights in the U.S. at the fastest pace in over three years, delivered our 17th consecutive quarter of double-digit growth in B2B—up 26%—and grew consumer bookings by 7%. We’re confident that our strategy and the reinforcing power of our two-sided marketplace will continue to drive greater value for both travellers and partners, and growth for our business."
Quarterly Dividend
Expedia Group’s Executive Committee, acting on behalf of its Board of Directors, has declared a quarterly cash dividend of $0.40 per share of outstanding common stock, payable on December 11, 2025, to stockholders of record as of the close of business on November 19, 2025.
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Expedia Group, Inc
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