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Expedia Group jumps on strong Q2 earnings and r...
THE NEWS:
Expedia Group lifted its full‑year 2026 revenue forecast to a range of $16.05 billion‑$16.22 billion after reporting an overall strong second‑quarter, where revenue rose 14% to $4.32 billion, adjusted EBITDA increased 23% to $1.10 billion, and earnings per share reached $5.76, beating analysts’ estimates.
DETAILS:
WHY IT MATTERS:
The higher revenue outlook signals stronger demand for online travel bookings, giving investors and partners confidence in Expedia’s growth trajectory and justifying the upgraded price target.
FAQ
What full‑year 2026 revenue range did Expedia Group project after its Q2 earnings?
Expedia Group lifted its full‑year 2026 revenue forecast to a range of $16.05 billion‑$16.22 billion after reporting a strong second‑quarter, where revenue rose 14% to $4.32 billion, adjusted EBITDA increased 23% to $1.10 billion, and earnings per share reached $5.76, beating analysts’ estimates.
How much did Expedia Group’s Q2 2026 revenue increase compared with the same quarter last year?
Expedia Group posted second‑quarter 2026 revenue of $4.32 billion, which represents a 14% year‑on‑year increase, reflecting robust growth in its online travel services. The quarter also saw adjusted EBITDA rise 23% to $1.10 billion and earnings per share climb to $5.76, beating expectations.
What price target did Piper Sandler set for Expedia Group following the earnings release?
Following the earnings release, Piper Sandler kept a Neutral rating on Expedia Group but raised its price target to $325 per share, up from the previous $245, indicating increased confidence in the company’s growth prospects. Analysts cited the company’s 14% revenue growth and stronger-than‑expected earnings as key drivers.
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