- Expedia Group raised its full-year gross bookings forecast
- The company reported Q3 revenue of $4.94bn, up 12pc
- Q4 revenue guidance fell below some expectations
- The company cited disruptions linked to the Middle East conflict and unrest in Europe
- Affluent travellers continued to book despite higher airfares
Expedia Group has raised its full-year 2026 gross bookings forecast to $131.4bn to $131.9bn following a strong third-quarter report with revenue up 12pc to $4.94bn. However, the company issued a softer-than-expected fourth-quarter outlook citing headwinds from the US midterm elections as well as ongoing geopolitical tensions and unrest in the Middle East and Europe.
Adjusted EPS reached $9.39 per share topping consensus estimates around $8.85. Gross bookings reached $34.01bn up 11pc overall with B2B bookings jumping 19pc. Booked room nights reached 115.7m up 7pc.
Q4 gross bookings are expected between $27.9bn and $28.4bn. Q4 revenue is expected between $3.69bn and $3.75bn which fell below some Wall Street estimates. Adjusted EBITDA is expected between $830m and $880m. CEO Ariane Gorin highlighted a historical softening in domestic travel demand as consumer attention shifted toward the November midterm elections.
Ariane Gorin shared “we saw a historical softening in domestic travel demand as consumer attention shifted toward the November midterm elections.”
