Online travel agency Expedia (NASDAQ: EXPE) will be reporting earnings this Thursday after market close. Here’s what investors should know.

Expedia beat analysts’ revenue expectations by 2.9% last quarter, reporting revenues of $4.41 billion, up 8.7% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and revenue guidance for next quarter beating analysts’ expectations. It reported 108.2 million nights booked, up 11.1% year on year.

Is Expedia a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Expedia’s revenue to grow 7.3% year on year to $3.42 billion, slowing from the 10.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.37 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Expedia has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Expedia’s peers in the consumer internet segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Electronic Arts delivered year-on-year revenue growth of 61.8%, beating analysts’ expectations by 29.4%, and Reddit reported revenues up 69.7%, topping estimates by 8.7%. Electronic Arts traded down 2.3% following the results while Reddit was also down 7.4%.

Read our full analysis of Electronic Arts’s results here and Reddit’s results here.

The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. Investors in consumer internet stocks have been spared in this environment as share prices are down 17.3% on average over the last month. Expedia is down 17% during the same time and is heading into earnings with an average analyst price target of $290.03 (compared to the current share price of $242.26).

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