| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | August 5, 2026 | 7/12 | 5 medium, 4 low flags | 3 | 0 | Call sheet → |
| Q1'26 | May 7, 2026 | 9/12 | 4 medium, 3 low flags | 4 | 0 | Call sheet → |
| Q4'25 | February 12, 2026 | 8/12 | 3 medium, 3 low flags | 6 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Delivered | I'm pleased to welcome Derek Anderson as our next CFO Derek Anderson is confirmed serving as CFO and presenting on the Q2 call. |
| Q2'26 | Pending | We reiterate our expectations for gross bookings growth and revenue growth... margin expansion of 100 to 125 basis points FY2026 is not yet complete; management revised the full-year guide upward to 150-175bps margin expansion this quarter, a revision rather than a final delivery or miss. |
| Q2'26 | Exceeded | For EBITDA, we expect second quarter EBITDA margins to be up 50 to 100 basis points Q2 adjusted EBITDA margin expanded by 'nearly two points' YoY, well above the guided 50-100bps. |
| Q2'26 | Exceeded | For the second quarter, we expect gross bookings growth of 7% to 9% and revenue growth of 9% to 11% Actual Q2 bookings grew 12% and revenue grew 14%, both above the guided ranges. |
| Q1'26 | Delivered | Continued progress in operating discipline and execution Consumer bookings growth accelerated to 10% while marketing spend down 7% |
| Q1'26 | Delivered | Cost actions taken in Q4 will favorably impact 2026 Q1 overhead expenses up only 4% while revenue up 15%, showing leverage |
| Q1'26 | Delivered | We would expect to come in at the high end of EBITDA margin expansion range Q1 delivered +600bps vs 100-125bps full year guide, tracking to high end |
| Q1'26 | Pending | Marketing efficiency will moderate as we lap elevated levels Scott warned this in Q4 call, seeing early signs in Q2 guidance |
| Q1'26 | Delivered | We will continue to prioritize B2B investments to support future growth B2B margins flat YoY as promised, investments continuing with new Uber partnership |
| Q1'26 | Pending | We expect full-year margins to expand by 100 to 125 basis points Reiterated exact same guidance range - on track with Q1 delivering +600bps |
| Q4'25 | Exceeded | Grow lodging property count Delivered 10% growth, first specific metric on supply expansion |
| Q4'25 | Delivered | Record number of active advertising partners Confirmed record partner count with 19% revenue growth |
| Q4'25 | Delivered | Invest behind growth initiatives while maintaining cost discipline B2B margins compressed as warned, overhead flat while revenue grew |
| Q4'25 | Delivered | Continue marketing leverage in B2C business Achieved 50bps leverage again, but Scott hedged on sustainability |
| Q4'25 | Delivered | Further margin expansion in 2026 at more moderated pace Guided to 100-125bps expansion, confirming the moderation |
| Q4'25 | Exceeded | Continue double-digit B2B growth (17th consecutive quarter mentioned in Q3) Delivered 24% growth, accelerating from 18% in Q3 |
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