Expedia Group, Inc. reported a notable increase in financial performance for the third quarter of 2025, with total revenue reaching $4.412 billion, a 9% rise from $4.060 billion in the same period of 2024. For the nine months ending September 30, 2025, revenue also increased by 6% to $11.186 billion compared to $10.507 billion in the prior year. The company’s operating income surged by 36% to $1.036 billion for the quarter, and by 32% to $1.451 billion for the nine-month period, reflecting effective cost management and revenue growth.
The increase in revenue was primarily driven by the B2B segment, which saw an 18% rise in revenue to $1.392 billion for the third quarter, and a 16% increase to $3.548 billion for the nine months. The B2C segment also contributed to growth, with revenue rising 4% to $2.883 billion for the quarter. Lodging revenue, which constitutes a significant portion of total revenue, increased by 9% to $3.604 billion in the third quarter, supported by an 11% growth in room nights booked. The company’s advertising revenue also saw a substantial increase, with EG Advertising up 16% and trivago advertising up 34% year-over-year.
In terms of operational metrics, Expedia Group reported a total gross booking of $30.727 billion for the third quarter, a 12% increase from the previous year. The company’s total cash and cash equivalents, along with short-term investments, stood at $6.2 billion as of September 30, 2025, compared to $4.5 billion at the end of 2024. The company’s employee headcount remained stable, with ongoing restructuring efforts resulting in $76 million in related charges during the nine months ended September 30, 2025.
Strategically, Expedia Group has focused on enhancing its technology and product offerings, including the launch of the One Key loyalty program, which allows customers to earn and redeem rewards across multiple brands. The company has also been active in managing its capital structure, having redeemed $1 billion of senior unsecured notes in February 2025 and issued new notes at a lower interest rate. Looking ahead, Expedia Group anticipates continued growth in its B2B segment and remains focused on leveraging its technology to enhance customer experiences and operational efficiencies.
About Expedia Group, Inc.
Expedia Group is a global online travel company offering booking services for lodging, flights, car rentals, cruises, and activities through consumer brands like Expedia, Hotels.com, and Vrbo. It operates on merchant, agency, and advertising models, serving travelers and travel suppliers worldwide. The company leverages technology, a broad supply network, and loyalty programs to enhance travel experiences and maintain competitive advantage.
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