Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Expedia Group's recent financial results for Q1 2025 present a complex blend of performance metrics that reveal both strengths and areas of concern.</li><li>The company's gross bookings climbed by 4% to $31.5 billion, while revenue increased by 3% to $3 billion, aligning with expectations but reflecting a modest growth trajectory.</li><li>The growth has been hampered by weaker travel demand within and into the U.S., despite strong performances elsewhere.</li></ul>

Expedia Group's recent financial results for Q1 2025 present a complex blend of performance metrics that reveal both strengths and areas of concern.The company's gross bookings climbed by 4% to $31.5 billion, while revenue increased by 3% to $3 billion, aligning with expectations but reflecting a modest growth trajectory.The growth has been hampered by weaker travel demand within and into the U.S., despite strong performances elsewhere.

Expedia Group: Diverse B2B Growth Opportunities As a Significant Growth Lever!

<ul><li>The Q4 2024 financial results for Expedia Group present a comprehensive picture with both strengths and challenges.</li><li>The company reported stronger-than-expected growth with room nights, gross bookings, and revenue all achieving double-digit growth.</li><li>This reflects strong market demand and effective execution strategies.</li></ul>

The Q4 2024 financial results for Expedia Group present a comprehensive picture with both strengths and challenges.The company reported stronger-than-expected growth with room nights, gross bookings, and revenue all achieving double-digit growth.This reflects strong market demand and effective execution strategies.

Expedia Group: Can Its Unified Platform Keep Up With Booking and Airbnb?

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Event-Driven

<ul><li>The range of ideas is broad. The smallest market cap is a $15MM Canadian micro-cap that is trading below its net cash, and the largest is an $25BN market cap online travel company that is gobbling up its own shares.</li><li>We have ideas profiled from Poland, Canada, India, Austria, Argentina, Italy, and of course, the United States.</li><li>The report will start with my personal favorite idea and then cover the additional ideas in alphabetical order.</li></ul>

The range of ideas is broad. The smallest market cap is a $15MM Canadian micro-cap that is trading below its net cash, and the largest is an $25BN market cap online travel company that is gobbling up its own shares.We have ideas profiled from Poland, Canada, India, Austria, Argentina, Italy, and of course, the United States.The report will start with my personal favorite idea and then cover the additional ideas in alphabetical order.

<ul><li>During the third quarter of 2024, Expedia Group demonstrated several positive financial performance indicators and business dynamics, alongside addressing some challenges.</li><li>Overall, the company exceeded expectations regarding gross bookings and earnings, although revenue met projections amidst challenges posed by weather and currency fluctuations.</li><li>Noteworthy was the accelerated growth in gross bookings in its consumer segment for the second consecutive quarter, buoyed by strong performance from Brand Expedia, Vrbo's return to growth, and favorable outcomes from international sales.</li></ul>

During the third quarter of 2024, Expedia Group demonstrated several positive financial performance indicators and business dynamics, alongside addressing some challenges.Overall, the company exceeded expectations regarding gross bookings and earnings, although revenue met projections amidst challenges posed by weather and currency fluctuations.Noteworthy was the accelerated growth in gross bookings in its consumer segment for the second consecutive quarter, buoyed by strong performance from Brand Expedia, Vrbo's return to growth, and favorable outcomes from international sales.

Expedia Group Inc.: These Are The 7 Biggest Factors Impacting Its Performance In 2025 &Beyond! - Major Drivers

<ul><li>Uber Technologies, Inc. delivered a robust performance in the third quarter of 2024, characterized by significant growth in gross bookings, profitability, and strategic advancements in newer market segments and technologies.</li><li>The company reported a 20% year-on-year increase in gross bookings in constant currency terms, highlighting sustained demand across its diverse portfolio.</li><li>Financially, Uber achieved an all-time high in GAAP operating profits, surpassing $1 billion, reflecting operational efficiencies and successful scaling of new and existing services.</li></ul>

Uber Technologies, Inc. delivered a robust performance in the third quarter of 2024, characterized by significant growth in gross bookings, profitability, and strategic advancements in newer market segments and technologies.The company reported a 20% year-on-year increase in gross bookings in constant currency terms, highlighting sustained demand across its diverse portfolio.Financially, Uber achieved an all-time high in GAAP operating profits, surpassing $1 billion, reflecting operational efficiencies and successful scaling of new and existing services.

Expedia Group, Inc. - Uber’s Game-Changing Shift: Tesla Partnerships

United States

Expedia Group, Inc. provides branded online travel services for leisure and small business travelers. The Company offers a wide range of travel shopping and reservation services, providing real-time access to schedule, pricing and availability information for airlines, hotels, and car rental companies.

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Expedia Group, Inc. (EXPE US)

Expedia Group: Diverse B2B Growth Opportunities As a Significant Growth Lever!

Expedia Group's recent financial results for Q1 2025 present a complex blend of performance metrics that reveal both strengths and areas of...

Baptista Research

Expedia Group: Can Its Unified Platform Keep Up With Booking and Airbnb?

The Q4 2024 financial results for Expedia Group present a comprehensive picture with both strengths and challenges. The company reported...

Baptista Research

Best Ideas of 2025

The range of ideas is broad. The smallest market cap is a $15MM Canadian micro-cap that is trading below its net cash, and the largest is an $25BN...

Richard Howe

Expedia Group Inc.: These Are The 7 Biggest Factors Impacting Its Performance In 2025 &Beyond! - Major Drivers

During the third quarter of 2024, Expedia Group demonstrated several positive financial performance indicators and business dynamics, alongside...

Baptista Research

Expedia Group, Inc. - Uber’s Game-Changing Shift: Tesla Partnerships

Uber Technologies, Inc. delivered a robust performance in the third quarter of 2024, characterized by significant growth in gross bookings,...

Baptista Research

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