🔹 Revenue: $3.79B (Est. $3.70B) 🟢; UP +6% YoY
🔹 Adj. EPS: $4.24 (Est. $3.96) 🟢; UP +21% YoY
FY25 Guidance (Raised)
🔹 Gross Bookings: +5% to +7% (Prior: 3% to 5%) 🟢
🔹 Revenue Growth: +4% to +6% (Prior: 3% to 5%) 🟢
🔹 FY EBITDA Margin Expansion: 50–100 bps
Q2 Segment Performance
🔹 B2B Gross Bookings: UP +17% YoY
🔹 B2C Gross Bookings: UP +1% YoY
🔹 Lodging Gross Bookings: UP +6% YoY
🔹 Hotel Bookings: UP +8% YoY
🔹 B2B Revenue: UP +15% YoY
🔹 Advertising Revenue: UP +19% YoY
Other Q2 Metrics:
🔹 Gross Bookings: $30.41B; UP +5% YoY
🔹 Booked Room Nights: 105.5M; UP +7% YoY
🔹 Adj. EBITDA: $908M; UP +16% YoY
🔹 Operating Income: $485M; UP +8% YoY
🔹 Free Cash Flow: $921M; DOWN -29% YoY
Capital Allocation
🔹 Share Repurchases: $627M in Q2; $957M YTD
🔹 Dividend: $0.40/share declared (payable Sept 18)
CEO Commentary – Ariane Gorin
🔸 “We delivered a solid second quarter, surpassing our top and bottom line expectations.”
🔸 “Strength in B2B and Advertising, along with progress on key priorities, drove performance.”
🔸 “Based on strong trends, we’ve increased our annual guidance.”
🔸 “We’ll continue to capitalize on our brands, supply, and tech to help travelers and partners grow.”