Expedia raised its 2025 revenue forecast to 6%-7% on strong Q3 results, driven by international growth and higher bookings.

Expedia raised its 2025 revenue forecast to 6%-7%, up from 3%-5%, after reporting strong Q3 results with $4.41 billion in revenue and $7.57 in adjusted earnings per share, both exceeding expectations. The B2B segment saw 26% higher bookings, while total gross bookings rose 12% year-over-year to $30.73 billion. U.S. room nights grew at a high single-digit rate, with international markets, especially Asia, outperforming with over 20% growth. The company cited ongoing political uncertainty from the U.S. government shutdown as a potential risk. Despite a 2.2% decline in average revenue per booking and negative free cash flow, Expedia’s stock rose nearly 15% following the earnings release.