Expedia and Booking both sell travel through large online platforms, but their latest quarters and Friday charts answer different questions. Both stocks were among the five largest decliners in YieldTerminal Pro’s qualifying TradingView watchlist on November 6. Their earnings releases came earlier in the week, so that price action does not identify a single cause.
Friday’s charts
EXPE closed at $259.24, down 4.86% from $272.48. Its close was below the $281.80 50-day average and only about $0.03 above the $259.21 200-day average. That is a marginal position near the longer average, not a decisive hold or breakout. BKNG closed at $160.67, down 4.77% from $168.72, below its $166.49 50-day and $175.75 200-day averages. A reclaim or loss of either average requires a completed daily close. Booking’s April 2026 25-for-1 share split also makes its share price versus Expedia’s share price a meaningless valuation comparison.
Same travel category, different mix
For calendar Q3 2026, Expedia reported $34.008 billion of gross bookings, up 11% year over year, and 115.7 million booked room nights, up 7%. Booking reported $54.5 billion of gross bookings, up 10%, and 345 million room nights, also up 7%. The growth rates show demand expansion at both companies. Absolute totals and room-night counts reflect different platforms, product mixes and company definitions, so they should not be treated as identical units of economic value.
Expedia’s Q3 GAAP revenue was $4.938 billion, up 12%. Booking’s GAAP revenue was $8.893 billion, down 1%, after a $900 million reduction related to an FTC matter. Booking separately reported $9.793 billion of adjusted revenue, up 9%; that is a non-GAAP measure. A bare “12% versus minus 1%” headline would conceal the adjustment and misstate the comparison.
At September 30, Expedia reported $5.040 billion of cash and cash equivalents and $5.460 billion of current plus long-term debt. Booking reported $15.814 billion of cash and cash equivalents and $20.061 billion of short-term plus long-term debt. These are balance-sheet snapshots, not net leverage ratios; other assets, liabilities and cash flows also matter.
What would change the picture
For Expedia, the next chart test is a completed daily close clearly above or below the 200-day average, followed by whether its reported B2B and consumer booking growth persists. For Booking, watch whether daily closes reclaim the 50-day and whether later reporting shows revenue growth without a similar adjustment, alongside cash generation. The evidence supports similar Q3 gross-bookings growth, not a simple winner.
See Daily Levels and the November 6 watchlist Movers board. Market research only, not a recommendation to buy or sell.
Sources: Expedia Q3 2026 issuer release; Booking Q3 2026 SEC earnings exhibit; Booking Q3 Form 10-Q; frozen November 6 completed-session CNBC closes cross-checked with TradingView and Yahoo; attributed TradingView daily charts.