New York, Feb 12, 2026, 19:14 (EST) — After-hours
- Expedia outlined bookings and revenue goals for 2026 that topped what Wall Street was looking for.
- The stock dropped after hours, following a day marked by sharp swings.
- Business-client demand, discount activity, and U.S. inflation data due Friday are all in focus for investors.
Expedia Group (EXPE.O) dropped $6, closing out late after-hours at $227.24, down roughly 2.6%. The stock swung sharply in the session, hitting a low of $208.05 and topping out at $246.66. Volume landed around 6.1 million shares.
The online travel company has set a target for 2026, right as investors comb through earnings for signs that travel demand could be slowing—or simply moving in a new direction.
This is important for Expedia. The company’s been pushing more into partnerships lately. Its B2B division moves travel supply and tech to airlines, travel agencies, and other institutional clients—on top of its well-known consumer brands.
Expedia is calling for 2026 gross bookings between $127 billion and $129 billion, with revenue seen landing in the $15.6 billion to $16.0 billion range. That’s a bit above Wall Street’s targets—analysts had penciled in $125.95 billion for bookings and $15.69 billion for revenue, according to LSEG. CEO Ariane Gorin told Reuters that the recent quarter saw a record in active travel agencies and a 70% jump in partners during its Black Friday sale. About 30% of fourth-quarter bookings, she said, were linked to inventory featuring deals. 1
Expedia posted an 11% revenue jump to $3.547 billion for the quarter ending Dec. 31, with adjusted earnings coming in at $3.78 per share. B2B gross bookings surged 24%, outpacing the 5% increase on the direct-to-consumer side. Looking to the first quarter, the company projected gross bookings between $34.6 billion and $35.2 billion, and revenue in the $3.32 billion to $3.37 billion range. Expedia set its quarterly dividend at $0.48 a share, payable March 26 to those on record as of March 5, and disclosed a repurchase of roughly 9 million shares totaling $1.7 billion in 2025. 2
Travel stocks split after hours. Airbnb climbed roughly 5% on guidance for first-quarter revenue ahead of forecasts and stronger premium bookings. The company also noted that demand from budget-conscious travelers is cooling. 3
Stocks took a hit Thursday, the Nasdaq shedding nearly 2% while the S&P 500 slipped 1.6%. Tech names bore the brunt as traders braced for Friday’s January U.S. consumer price index. “We see this as a ‘prove it’ year for AI,” said Jack Herr, primary investment analyst at GuideStone Funds. 4
Even with Expedia’s outlook topping expectations, shares whipsawed through the session—big swings, late jitters. Broader market noise just steamrolled company news, for the day anyway.
Now investors are watching to see if brisker growth in the partner segment continues to balance out weaker gains from the consumer side, and if margin gains stick as the company ramps up spending on marketing and product.
Travel demand tends to falter if inflation persists or consumers start cutting back. When Expedia leans on discounts, margins can get hit. The company’s also up against ongoing competition from rival online travel agencies and suppliers looking to shift bookings to their own platforms.
Next up: Friday brings key inflation numbers. Over at Expedia, focus shifts to how early 2026 bookings stack up with first-quarter goals. The company’s new dividend is set, too—March 5 as the record date, with payment coming March 26.
