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Sentiment · FY2026 Q1
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Deepak Mathivanan | Cantor Fitzgerald | 9 | 0% |
| Naved Khan | B. Riley Securities | 8 | 0% |
| Conor Cunningham | Melius Research | 8 | 0% |
| Jed Kelly | Oppenheimer | 7 | 14% |
| Justin Post | Bank of America | 7 | 0% |
| Lee Horowitz | Deutsche Bank | 6 | 17% |
| Eric Sheridan | Goldman Sachs | 5 | 0% |
| Trevor Young | Barclays | 4 | 0% |
| Mark Mahaney | Evercore ISI | 4 | 0% |
| Ken Gawrelski | Wells Fargo | 3 | 0% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Cantor Fitzgerald | 1 | 9 | 0% |
| B. Riley Securities | 1 | 8 | 0% |
| Melius Research | 1 | 8 | 0% |
| Oppenheimer |
| 1 |
| 7 |
| 14% |
| Bank of America | 1 | 7 | 0% |
| Deutsche Bank | 1 | 6 | 17% |
| Goldman Sachs | 1 | 5 | 0% |
| TD Cowen | 2 | 5 | 0% |
Expedia delivered Q1 2026 revenue growing 15% to $3.4B with adjusted EPS growing approximately 4x to $1.96, as consumer brands posted their strongest growth in 8 years and B$2B bookings grew 22%. Record Q1 EBITDA margin expanded 6 points, with AI driving marketing efficiency and new channel growth. Geopolitical disruptions reduced growth by an estimated 2 points, and full-year guidance was reiterated at 6-8% bookings growth and 6-9% revenue growth.
Competitive Dynamics | Demand | Margin | Revenue Growth | Cloud & AI | Innovation & R&D | Geographic Expansion | Macroeconomic | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 3 | 3 | 3 | 1 | 2 | 2 | |
| 2025Q1 | 5 | 7 | 3 | 1 | 1 | 1 | 1 | 4 |
| 2025Q2 | 7 | 3 | 3 | 2 | 2 | 2 | 2 | |
| 2025Q3 | 7 | 2 | 4 | 2 | 2 | 1 | 2 | |
| 2025Q4 | 5 | 3 | 3 | 4 | 2 | |||
| 2026Q1 | 8 | 10 | 1 | 4 | 3 | 3 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Competitive Dynamics | 4 | 5 | 7 | 7 | 5 | 8 |
| Demand | 3 | 7 | 3 | 2 | 10 | |
| Margin | 3 | 3 | 3 | 4 | 3 | 1 |
| Revenue Growth | 3 | 1 | 2 | 2 | 3 | 4 |
| Cloud & AI | 1 | 1 | 2 | 2 | 4 | 3 |
| Innovation & R&D | 2 | 1 | 2 | 1 | 2 | |
| Geographic Expansion | 2 | 1 | 2 | 2 | ||
| Macroeconomic | 4 | 3 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
EXPE Expedia Group | 7 | +14.7% | |
| ABNB Airbnb | 9 | +17.9% | |
| BKNG Booking Holdings | 7 | +16.2% | |
| NCLH Norwegian Cruise Line Holdings | 6 | +9.6% | |
| RCL Royal Caribbean Group | 6 | +11.3% |