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EXPE · Analysis updated Nov 6, 2026, 4:20 AM ET
Why is Expedia Group, Inc. (EXPE) stock moving?
Expedia Group experienced significant volatility following its Q3 2026 earnings release. While the company outperformed consensus estimates with adjusted EPS of $9.39 (+24% YoY) and revenue of $4.94B (+11.9% YoY) and raised full-year guidance to $16.37B–$16.43B, the stock dropped 13.7% on November 5 to close at $272.48 on heavy volume of 5.24M shares. The sharp selloff wiped out the post-earnings spike to $315.88 and was triggered by a conservative Q4 gross bookings growth forecast of 3.3%–5.2% and revenue guidance of $3.69B–$3.75B. Despite near-term deceleration concerns, Expedia's fundamentals remain robust, supported by 19% B2B bookings growth, 135 bps of EBITDA margin expansion, $3.7B in trailing 12-month free cash flow, and aggressive share repurchases ($576M in Q3).
News behind the analysis
- Expedia Group Issues Quarterly Earnings ResultsExpedia reported Q3 adjusted EPS of $9.39, topping the $8.85 consensus, on revenue of $4.94B, up 11.9% YoY. The company raised its full-year bookings and revenue outlook while guiding 180–200 bps of EBITDA margin expansion.
- Why Is Expedia Group (EXPE) Stock Down -11.17% Today?Shares dropped sharply on November 5 as slower Q4 gross bookings guidance (3.3%–5.2%) and broad travel sector caution overshadowed strong Q3 earnings.
- Expedia Group Q3 2026 Earnings Summary and OutlookTotal gross bookings hit a record $34.0B (+11% YoY), driven by a 19% B2B bookings surge, and the company completed $576M in share repurchases.
- Expedia Shares Slide Despite Topping Q3 EstimatesExpedia shares pulled back after hours as Q4 revenue guidance of $3.69B–$3.75B signaled a moderation in top-line growth.
- Expedia (EXPE) Q3 Earnings and Revenues Surpass EstimatesExpedia delivered positive EPS and revenue surprises of 7.07% and 4.41%, respectively, posting four consecutive quarters of earnings beats.