🐦 推特Wall St EngineCodex · 实盘不做把握 5/10
北京时间·🕒 发布 04:04:33时区推断·⟳ 抓取 04:04:46·⚡ 决策 08-06 04:09:35 +4m49s·82.5 天前
Expedia Group二季度业绩超预期并上调全年收入和利润率指引
二季度收入、调整后EPS、调整后EBITDA和自由现金流均高于市场预期，全年收入指引由一季度的约156亿-160亿美元上调至160.5亿-162.2亿美元。
📄 原文Wall St Engine@wallstengine↗ 原文
EXPEDIA GROUP $EXPE Q2’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $4.3B (Est. $4.17B) 🟢; +14% YoY 🔹 Adj. EPS: $5.76 (Est. $5.23)…
不做 Expedia Group（EXPE.US）
二季度超预期和全年小幅上修方向偏利好，但三季度指引基本贴近一致预期，财报前股价已连续上涨并贴近52周高位，当前盘后追多的未定价edge不足，不做。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
消息传播链
- 社媒在美股收盘后即时转发EXPE二季度业绩摘要，显示收入、EPS、EBITDA和自由现金流均超预期并上调全年指引。
关键理由
- 二季度收入、调整后EPS、调整后EBITDA和自由现金流均高于市场预期，全年收入指引由一季度的约156亿-160亿美元上调至160.5亿-162.2亿美元。
- B2B收入同比增长23%，仍是公司增长和利润率扩张的核心支撑。
- 但三季度收入和调整后EBITDA指引基本贴近一致预期，财报追多的新增预期差主要集中在已披露的二季度与全年小幅上修。
主要风险
- EXPE在财报前已连续上涨并接近52周高位，短线追多容易遇到业绩兑现后的高开低走。
- 截至研判时点，公开搜索未命中公司二季度正式业绩稿，社媒摘要仍需以IR/8-K全文校验。
反向证据
- 做多前查反向 · 来源 web · 日期 2026-08-05 · 影响 weakens
信号正文中的Q3收入和EBITDA指引均接近一致预期，削弱盘后追多的边际惊喜。
检索:Expedia Q2 2026 earnings Q3 guidance in line concerns travel demand August 2026 原文 ↗ - 做多前查反向 · 来源 web · 日期 2026-08-05 · 影响 weakens
EXPE财报前已连续上涨并贴近52周高位，存在财报利好兑现后的price-in风险。
检索:EXPE stock near 52 week high before Q2 earnings July 2026 IBD 原文 ↗ - 做多前查反向 · 来源 web · 日期 2026-08-05 · 影响 weakens
研判时公开搜索只命中公司业绩发布时间公告，未命中二季度正式业绩稿全文，社媒摘要需要后续IR或8-K校验。
检索:Expedia official Q2 2026 results August 5 2026 investor relations 原文 ↗
原文全文
展开原文 · 998 字
EXPEDIA GROUP $EXPE Q2’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $4.3B (Est. $4.17B) 🟢; +14% YoY
🔹 Adj. EPS: $5.76 (Est. $5.23) 🟢; +36% YoY
🔹 Adjusted EBITDA: $1.1B (Est. $1.04B) 🟢; +23% YoY
🔹 FCF: $1.3B (Est. $385M) 🟢; +39% YoY
Raises FY26 Guide:
🔹 Revenue (Est. $16.01B) 🟢
🔹 Gross Bookings: $129.5-$130.8B +8-9%
🔹 Revenue: $16.05-$16.22B +9-10%
🔹 Adjusted EBITDA Margin Expansion: +1.5-1.75pts
Q3 Guide:
🔹 Gross Bookings: $32.2-$32.8B +5-7%
🔹 Revenue: $4.65-$4.75B +5-8% (Est. $4.66B) 🟡
🔹 Adjusted EBITDA: $1.51-$1.56B (Est. $1.53B) 🟡
Segment Revenue:
🔹 B2C: $2.7B; +8% YoY
🔹 B2B: $1.5B; +23% YoY
🔹 Other: $145M; +48% YoY
Other Q2 Metrics:
🔹 Gross Bookings: $33.9B; +12% YoY
🔹 Booked Room Nights: 111.5M; +6% YoY
🔹 Adjusted EBITDA Margin: 25.9%; +190 bps YoY
Capital Return:
🔹 Share Repurchases: $200M
🔹 Quarterly Dividend: $0.48/share
Comments:
🔸 “We exceeded the high end of our guidance in the quarter, driven by growth in our consumer brands, sustained B2B momentum, and disciplined execution”
🔹 Revenue: $4.3B (Est. $4.17B) 🟢; +14% YoY
🔹 Adj. EPS: $5.76 (Est. $5.23) 🟢; +36% YoY
🔹 Adjusted EBITDA: $1.1B (Est. $1.04B) 🟢; +23% YoY
🔹 FCF: $1.3B (Est. $385M) 🟢; +39% YoY
Raises FY26 Guide:
🔹 Revenue (Est. $16.01B) 🟢
🔹 Gross Bookings: $129.5-$130.8B +8-9%
🔹 Revenue: $16.05-$16.22B +9-10%
🔹 Adjusted EBITDA Margin Expansion: +1.5-1.75pts
Q3 Guide:
🔹 Gross Bookings: $32.2-$32.8B +5-7%
🔹 Revenue: $4.65-$4.75B +5-8% (Est. $4.66B) 🟡
🔹 Adjusted EBITDA: $1.51-$1.56B (Est. $1.53B) 🟡
Segment Revenue:
🔹 B2C: $2.7B; +8% YoY
🔹 B2B: $1.5B; +23% YoY
🔹 Other: $145M; +48% YoY
Other Q2 Metrics:
🔹 Gross Bookings: $33.9B; +12% YoY
🔹 Booked Room Nights: 111.5M; +6% YoY
🔹 Adjusted EBITDA Margin: 25.9%; +190 bps YoY
Capital Return:
🔹 Share Repurchases: $200M
🔹 Quarterly Dividend: $0.48/share
Comments:
🔸 “We exceeded the high end of our guidance in the quarter, driven by growth in our consumer brands, sustained B2B momentum, and disciplined execution”
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