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Adjusted EBITDA Breakdown
Analyzes earnings before interest, taxes, depreciation, and amortization, adjusted for specific items, to assess operational profitability and cash flow potential.Expedia’s EBITDA mix has shifted: B2B has moved from a minor or negative contributor to the primary growth lever, consistently delivering accelerating EBITDA and driving outsized bookings/revenue growth, while B2C has recovered and restored margin leverage. ‘Other’ remains a steady negative corporate drag. Management’s call confirms this dynamic—Q4 margin expansion and strong B2B momentum, but near‑term B2B investments and lapping 2025 cost cuts mean full‑year margin gains will be modest despite buybacks and a higher dividend.
Date | B2C | B2B | Other |
|---|---|---|---|
Jun 30, 2026 | $889.00M | $369.00M | -$139.00M |
Mar 31, 2026 | $426.00M | $269.00M | -$153.00M |
Dec 31, 2025 | $679.00M | $308.00M | -$139.00M |
Sep 30, 2025 | $1.17B | $402.00M | -$127.00M |
Jun 30, 2025 | $728.00M | $331.00M | -$151.00M |
Mar 31, 2025 | $217.00M | $216.00M | -$137.00M |
Dec 31, 2024 | $537.00M | $255.00M | -$149.00M |
Sep 30, 2024 | $1.03B | $338.00M | -$116.00M |
Jun 30, 2024 | $654.00M | $263.00M | -$131.00M |
Mar 31, 2024 | $215.00M | $172.00M | -$132.00M |