Expedia Q1 FY26 adjusted EBITDA jumps 83% to $542 million; revenue rises 15% to $3.4 billion

Expedia Group

EXPE

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Expedia Group posted Q1 2026 revenue of $3.4 billion, up 15% year over year, with adjusted EBITDA jumping 83% to $542 million.
Adjusted EBITDA margin widened 5.91 percentage points to 15.8%, while adjusted EPS more than tripled to $1.96.
Gross bookings rose 13% to $35.5 billion, as room nights booked increased 6% to 114 million.
B2B gross bookings climbed 22%, outpacing 10% growth in B2C, while Vrbo delivered its strongest Q1 growth in four years.
Guidance calls for Q2 2026 gross bookings of $32.5-$33.1 billion with revenue of $4.11-$4.19 billion, while full-year gross bookings are seen at $127-$129 billion with revenue of $15.6-$16.0 billion.

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