Expedia Group — Nov 6, 2025 release

“Our strong third quarter results exceeded both our top and bottom-line expectations, reflecting an improved demand environment, disciplined execution and tangible progress on our strategic priorities,” said Ariane Gorin, CEO of Expedia Group. “Notably, we grew room nights in the U.S. at the fastest pace in over three years, delivered our 17th consecutive quarter of double-digit growth in B2B—up 26%—and grew consumer bookings by 7%. We’re confident that our strategy and the reinforcing power of our two-sided marketplace will continue to drive greater value for both travelers and partners, and growth for our business." Financial Summary & Operating Metrics (In millions except per share amounts) Expedia Group, Inc. Metric Q3 2025 Q3 2024 Δ Y/Y Booked room nights 108.2 97.4 11% Gross bookings $30,727 $27,498 12% Revenue $4,412 $4,060 9% Operating income $1,036 $762 36% Net income attributable to Expedia Group, Inc. $959 $684 40% Diluted earnings per share $7.33 $5.04 45% Adjusted EBITDA* $1,449 $1,250 16% Adjusted EBIT* $1,134 $892 27% Adjusted net income* $962 $809 19% Adjusted EPS* $7.57 $6.13 23% Net cash provided by operating activities $(497) $(1,493) (67)% Free cash flow* $(686) $(1,687) (59)% * A reconciliation of non-GAAP financial measures to the most comparable GAAP measures is provided at the end of this release. Page 1 of 18 Business Outlook Fiscal Year 2025 Q4 2025 Metric Previous Guidance Current Guidance Gross bookings 3-5% 7% 6-8% Revenue 3-5% 6-7% 6-8% Adjusted EBITDA margin expansion** 1% 2% 2% ** A reconciliation for the Adjusted EBITDA margin expansion forecast is not provided because we can