Expedia’s Turnaround Under Ariane Gorin Showed Momentum in 2025


Skift Take

Expedia hasn't had this degree of mojo for many years. Can Gorin and team keep it going?

Expedia Group appears to be gaining competitive momentum, with stronger room night growth and improving marketing efficiency in 2025, according to a BTIG research note published Tuesday.

Based on its performance checks, BTIG expects Expedia to report fourth-quarter results showing high-single-digit room night growth, mid-single-digit growth in its consumer segment, and EBITDA margin expansion. The firm also said Expedia is getting more leverage from its marketing spend — particularly in B2C — a