Expedia Posts $34B in Q3 Bookings, Raises Full-Year Outlook
Expedia Group (NASDAQ: EXPE) delivered a standout third-quarter performance, reporting $34 billion in gross bookings, up 11% year over year, and $4.9 billion in revenue, up 12%. Both results exceeded analyst expectations. The Seattle-based online travel company announced its results on November 4, 2026, and raised its full-year guidance.
The company’s B2B segment was the standout performer. Gross bookings surged 19% to $11.1 billion, while B2B revenue climbed 23%. Consumer (B2C) bookings grew 7%, with particular strength in the United States. Booked room nights also increased 7% to 115.7 million.
Adjusted EBITDA rose 17% to $1.69 billion, and the EBITDA margin reached a record 34.2%, an improvement of 135 basis points year over year.
Following the strong quarter, Expedia raised its full-year 2026 outlook:
- Gross bookings: $131.4–$131.9 billion
- Revenue: $16.37–$16.43 billion, representing 11–12% annual growth
CEO Ariane Gorin credited resilient travel demand, strong execution, and AI-driven efficiencies for the results.