Insight
B2B gross bookings rose 24% in the quarter, outperforming consumer growth across all regions.
Expedia Group's Q4 2025 results show 11% year-on-year growth in revenue and gross bookings, reflecting successful adaptation to AI-driven travel discovery. Direct bookings are growing faster than indirect channels, with two-thirds of bookings starting on Expedia brands. The B2B sector surged, growing by 24%.
B2B gross bookings rose 24% in the quarter, outperforming consumer growth across all regions.