1009 ET - Expedia might be taking 2025 as another "review year" aiming to come out bigger and better in 2026 as the domestic travel outlook dims and its new chief financial officer comes up to speed, Benchmark analyst Daniel Kurnos says in a research note. The online travel agency missed the mark on every single key performance indicator in 1Q except adjusted Ebitda and was forced to guide down on full-year revenue and gross bookings as demand conditions weaken, the analyst says. The outlook will probably keep some level of a floor under the stock, but Expedia will be hard-pressed to improve from there until signs of sustainable industry-level growth emerge, the analyst says. Shares slide 7.7% to $156.04 in early trading. (dean.seal@wsj.com)
(END) Dow Jones Newswires
May 09, 2025 10:09 ET (14:09 GMT)
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