Q1 2025 Expedia Group Inc Earnings Call Transcript
Key Points
- Expedia Group Inc (EXPE) achieved 16% EBITDA growth and a 90% increase in earnings per share, surpassing bottom-line expectations.
- The B2B segment demonstrated strong performance with 14% bookings growth, significantly outperforming the industry.
- The advertising business experienced robust growth, with a 20% increase in revenue and a record number of $1 million-plus deals.
- Expedia's strategic partnerships, such as with Southwest Airlines and Ryanair, have successfully attracted new customers and enhanced supply offerings.
- The company is leveraging AI to enhance product experiences, streamline operations, and improve marketing effectiveness, positioning it well for future growth.
- Overall bookings and revenue growth were at the lower end of guidance due to weaker-than-expected travel demand in the US.
- The consumer business, particularly in the US, saw only 1% bookings growth, impacted by declining consumer sentiment.
- Hotels.com experienced negative growth due to softer US demand and foreign exchange headwinds.
- The US market softness and macroeconomic headwinds led to a revision of full-year guidance for gross bookings and revenue.
- Inbound travel to the US faced significant pressure, with bookings from Canada falling nearly 30%.
Good day, everyone, and welcome to the Expedia Group Q1 2025 financial results teleconference. My name is Alex. I'll be the operator for today's call. (Operator Instructions)
For opening remarks, I'll turn the call over to SVP, Corporate Development, Strategy and Investor Relations, Harshit Vaish, to begin. Please go ahead.
Good afternoon and welcome to Expedia Group's first quarter 2025 earnings call. I'm pleased to be joined on today's call by our CEO, Ariane Gorin and our CFO, Scott Schenkel.
As a reminder, our commentary today will include references to certain non-GAAP measures. Reconciliations of these non-GAAP measures to the most comparable GAAP measures are included in our earnings release. Unless otherwise stated, all growth rates are on a year-over-year basis, and any reference to expenses excludes stock-based compensation.
We will also be making forward-looking statements during the call, which are predictions
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