PomegraExpedia Stock Falls 9% After Weak Q4 Guidance
Why is Expedia stock down today?
Expedia (EXPE) stock fell about 9% in after-hours trading on Wednesday after its fourth-quarter revenue forecast of $3.69–$3.75 billion came in slightly below analyst expectations, despite a raised full-year outlook.
Key numbers
| Q3 revenue | $4.94B+12% YoY |
|---|---|
| Q3 gross bookings | $34.0B+11% YoY |
| 2026 gross bookings forecast | $131.4B–$131.9Braised from $129.5B–$130.8B |
| Q4 revenue forecast | $3.69B–$3.75Bmidpoint below $3.74B estimate |
| Q4 gross bookings growth forecast | 3.3%–5.2%vs 11% in Q3 |
| Q3 adjusted EPS | $9.39+24% YoY |
What happened
Expedia (EXPE) stock fell about 9% in after-hours trading on Wednesday after its fourth-quarter revenue forecast of $3.69–$3.75 billion came in slightly below analyst expectations, despite a raised full-year outlook. Expedia now expects customers to spend $131.4 billion to $131.9 billion on trips booked through its sites this year, up from $129.5 billion to $130.8 billion. For the last three months of the year, it expects that spending to grow only 3.3% to 5.2%, compared with 11% in the third quarter. Its finance chief blamed the US midterm elections and unrest in the Middle East and Europe.
Why it matters
Expedia, one of the world's largest online travel booking companies, is signalling that travel growth is slowing even though people are still taking trips. The stock had also gained about 10% earlier on Wednesday, so a small miss on the next-quarter forecast hit hard. Rival Booking Holdings has also guided to slower fourth-quarter bookings growth of 2% to 4%, which suggests the slowdown is not just Expedia's.
Who this affects
- MarketmixedMedium impact
- Travel-stock investors get a cautious signal for late 2026.
- CompanybearishMedium impact
- Shareholders lose value as expectations for Q4 growth cool.
- CompetitorsmixedLow impact
- Booking also guides slower Q4; Airbnb reports next.
- IndustrybearishMedium impact
- Long-haul trips in Europe and Middle East are being hurt.
Expedia vs Booking Holdings, Airbnb
How we got here
Booking Holdings reports Q3 and guides Q4 gross bookings growth of 2% to 4%.
Expedia reports Q3 revenue of $4.94B and raises its full-year gross bookings forecast.
Shares fall in after-hours trading; reports put the drop between 7% and 9%.
Quote data shows shares about 5% lower in early trading, per.
What to watch
- Airbnb's third-quarter results and its own fourth-quarter outlook.2026-11-05
- Whether Q4 gross bookings land inside Expedia's $27.9B–$28.4B forecast range.Q4 2026
- Whether midterm-election and Middle East and Europe disruption to long-haul travel eases.Q4 2026
Educational content only. Not investment advice.
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