Truist Financial lowered its price target for Expedia to $288, down from $309. This move follows a period where the stock has dropped about 12 percent over the last month. While the target is lower, it is still above the current price of about $260. Other analysts remain more optimistic on average, with a typical target across all firms sitting at $337.
Expedia partners with Redion to sell travel insurance ads
Expedia is expanding its advertising business through a multi-year deal with Redion, a firm that provides travel insurance and assistance. This is the first time Expedia has brought on a dedicated partner specifically for the travel protection category. This move helps Expedia grow its high-margin advertising revenue by selling space to companies that want to reach travelers early in the booking process. Expanding these types of partnerships is a key part of the company's plan to make more money from its existing traffic without relying solely on hotel and flight bookings.
Expedia is cutting 58 positions at its Washington headquarters, affecting roles ranging from software engineers and data scientists to finance managers. These cuts follow a larger trend of the company streamlining its operations after finishing a years-long project to move all its brands onto a single technology system. While any layoff is difficult for those involved, these specific cuts are small relative to the company's total workforce. For long-term owners, this looks like continued fine-tuning of the company's costs now that the heavy lifting of its technical rebuilding is complete.
Analyst price updatePositive
Sep 15
Wedbush raised its price target to $417
Wedbush kept its outperform rating on the stock and increased its target from $334 to $417. This new target is well above the average analyst estimate of $344. It suggests that despite recent swings in the stock price, some analysts see significant room for the company to grow as it moves past its recent technology upgrades.
BTIG raised its price target for the travel site from $350 to $400 while keeping a buy rating. This new target suggests the stock could rise about 34 percent from where it trades today. Other analysts have been nudging their targets higher as well, bringing the average across all firms to $344. This move reflects a view that the company is getting more efficient now that it has finished moving its various brands onto a single technology system.
Management has built a reliable reputation by beating expectations for six straight quarters. They consistently set targets that the business is able to outrun as it moves past its technical rebuilding phase.
Earnings history
EstimateBeatMiss
Expedia Group past earnings results
Expected
Actual
Surprise
EPS
$5.22
$5.76
+10.3%
Revenue
$4.17B
$4.32B
+3.4%
Key highlights
Full year outlook raised: Management increased the 2026 revenue forecast to a range of $16.05 billion to $16.22 billion, up from the previous high of $16.0 billion, signaling confidence in travel demand for the rest of the year.
Business segment momentum: B2B gross bookings, which is the value of travel booked through partners like airlines and banks, grew 21% to $10.74 billion and now makes up nearly one third of the total business.
Margin expansion accelerating: The company increased its adjusted EBITDA margin, a measure of core operating profitability, by 196 basis points to 25.9% as it benefited from more efficient marketing and higher booking volumes.
Consumer booking growth: Booked room nights grew 6% to 111.5 million nights, which represents a slower pace than the 9% growth seen at the end of last year but still reflects steady demand for lodging.
Active share buybacks: The company spent $200 million to repurchase approximately 880 thousand shares this quarter, continuing its plan to return cash to owners and increase the value of each remaining share.
Our take: This was a strong quarter that proved the company can grow its profits even as the travel market cools. The 21% growth in the B2B division is becoming the main engine of the business, offsetting a softer 8% growth rate in consumer brands. This shift makes the long-term case more attractive by diversifying how the company finds travelers.
Expedia Group’s next earnings date
Q3 2026
NOV
5
Expectation
EPS
$8.83
Revenue
$4.73B
Metrics we are tracking
Metric
Expectations
Status
B2B Gross Bookings
Growing above 15% year over year
24% YoY in Q4 2025
Booked Room Nights
Consistent growth above 7% annually
9% YoY in Q4 2025
Adjusted EBITDA Margin
Staying above 22% on an annual basis
23.9% in Q4 2025
Share Count Reduction
Reducing shares by at least 3% annually through buybacks
6% reduction in 2025
Stay on top of Expedia Group
Follow Expedia Group to get the latest and most important updates.