Expedia Group, Inc. (EXPE) Announced Q1 2026 Earnings on May 7, 2026, Reporting Revenue of $3.4 billion for the Quarter

Expedia Group, Inc. reported first quarter 2026 results with "Revenue increased 15% to $3.4 billion" for the quarter and "Gross bookings were 35.5 billion" for the quarter. CFO Scott Schenkel stated the company delivered "adjusted EBITDA of $542 million" for the quarter and an "Adjusted EPS of $1.96" for the quarter.For the trailing 12-month period, "free cash flow was $4.1 billion". Management noted "Consumer gross bookings of 24.8 billion" for the quarter and "B2B gross bookings grew 22% to $10.7 billion" for the quarter.CEO Ariane Gorin highlighted key strategic priorities, stating "We're using it to enhance the experience for our partners and the travelers that come to us direct and to acquire new traffic and market more effectively". Gorin shared that "Our 2 most widely adopted features are our servicing agent and AI-powered filters". The company also noted that "For the first time, vacation rentals on Expedia reached an annualized run rate of $1 billion". Regarding partnerships, Gorin shared, "We announced an exclusive partnership with Bank of Montreal AIR MILES, and just last week, became the exclusive hotel partner for Uber".Looking to guidance, management shared that "For the second quarter, we expect gross bookings growth of 7% to 9% and revenue growth of 9% to 11%". For the full year 2026, the company reiterated "expectations for gross bookings growth of 6% to 8% and revenue growth of 6% to 9%" and to "expect full year expansion of 100 to 125 basis points" for EBITDA margins.Schenkel noted the quarter experienced some volatility, stating the company "faced headwinds from travel advisories in Mexico, while in B2B, the conflict in the Middle East meaningfully impacted outbound travel".