Expedia Group Inc. has named Derek Andersen as its new chief financial officer, effective May 11 2026. Andersen succeeds Scott Schenkel, who is stepping down after 16 months in the role.
Andersen joined Expedia from Snap, where he served as chief financial officer from May 2019 to April 2026. Prior to Snap, he held finance leadership positions at Amazon and Fox Interactive Media, giving him experience managing the financial operations of high‑growth, technology‑driven consumer platforms.
The appointment comes as Expedia reports strong recent financial results. In the first quarter of 2025, the company generated $2.988 billion in revenue, a 3 % year‑over‑year increase, and an adjusted earnings per share of $0.40. In the fourth quarter of 2025, revenue rose to $3.55 billion, up 11.4 % YoY, and adjusted EPS reached $3.78. Analysts project a 2026 adjusted EPS of $0.72, up from a loss of $0.19 in the same quarter a year earlier.
CEO Ariane Gorin said, "We posted first quarter bookings and revenue within our guidance range despite weaker than expected demand in the US, drove bottom‑line meaningfully above our guidance, and made significant progress against our strategic priorities. Looking ahead, we are committed to continuing to deliver margin expansion while growing our top‑line." CFO Scott Schenkel added, "Looking ahead to 2026, we expect further margin expansion, albeit at a more moderated pace than what we drove in 2025 as we continue our cost‑out efforts and invest behind our growth initiatives."
Andersen’s experience is expected to reinforce Expedia’s focus on cost discipline, margin improvement and capital allocation as the company expands its B2B and advertising businesses. The firm has already seen B2B revenue grow 14 % and advertising revenue grow 20 % in Q1 2025, and B2B gross bookings grew 24 % in Q4 2025, underscoring the strategic importance of these segments.
The CFO transition signals continuity in financial stewardship while bringing a new perspective from a leader who has driven financial performance in fast‑moving technology companies. Investors view the appointment as a positive step toward sustaining margin expansion and supporting the company’s growth initiatives.
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