Expedia Group Inc

EXPE: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Expedia Earnings: Signs of Improving Demand Lift 2025 Booking Outlook Slightly

Dan Wasiolek

Aug 8, 2025

Expedia's second-quarter bookings grew 5%, beating our 3.5% forecast and improving from last quarter's 4.3%. The EBITDA margin expanded 190 basis points to 24% on lower technology and general and administrative costs. The firm increased 2025 booking growth guidance to 3%-5% from 2%-4%.

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Expedia Group Inc

Expedia Earnings: Signs of Improving Demand Lift 2025 Booking Outlook Slightly

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