Expedia Group

Travel demand is cyclical and seasonally skewed, yet the group now blends a steadier B2B distribution business with scaled consumer brands and an 8 percent 2025 revenue increase. 2026 guidance calls for mid‑single‑digit to high‑single‑digit growth and EBITDA margin expansion, which, combined with expanding ad revenue, supports moderate predictability.

Offsets include macro shocks, search algorithm changes, and evolving short‑term rental regulation in the EU from May 2026.