8/102 sources · 2 publishersUpdated Nov 6, 05:26 UTC
Expedia forecasts Q4 revenue below estimates, shares tumble 12% as CEO says AI agents haven’t shifted booking habits
Expedia CEO Ariane Gorin told investors that personal AI agents have not yet altered how customers book travel, though they may help with trip planning. The company announced fourth‑quarter revenue guidance of $3.69 billion to $3.75 billion, a midpoint below analysts’ $3.74 billion estimate. Shares dropped about 12% after the outlook was released.
Why it matters
The lower‑than‑expected revenue guidance triggered a 12% share decline, reflecting investor concern over near‑term growth. The guidance sets the revenue range for the final three months of 2026, which will affect earnings expectations for the period.
Key facts
- 1CEO Ariane Gorin said AI agents have not yet changed customer booking habits. cnbc.com
- 2Expedia is working with all AI agents to ensure the company surfaces in AI search results. cnbc.com
- 3The company forecast Q4 revenue of $3.69 billion to $3.75 billion. cnbc.com
- 4Analyst consensus estimated Q4 revenue of $3.74 billion. cnbc.com
- 5Expedia shares fell about 12% after the guidance was issued. cnbc.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.