Shares of Expedia Group (EXPE) tumbled nearly 8% Friday, a day after the travel platform's first-quarter results came in worse than expected and it lowered its full-year outlook amid weak U.S. demand.

The company behind its namesake travel bookin𝔍g platform and others like Vrbo and Hotels.com reported revenue of $2.99 billion and $31.45 billion in total bookings, both up from the same time last year but below what analysts polled by Visible Alpha🍸 had expected.

Expedia posted adjusted earnings per share✅ of $0.40, up 90% year-over-year and better than Visꦑible Alpha consensus, but its reported net loss per share of $1.56 was more than triple the $0.42 that analysts had forecast.

'Weaker Than Expected' US Demand Leads to Lowered Outlook

CEO Ariane Gorin said the company managed to grow bookings and revenue "despite weaker than expected demand in the U.S." as consumer sentiment has worsened amid tariff-fueled uncertainty. Gorin added on the earnings call that travel trends continued to be soft through April, and said more European customers appear to be traveling to other locales like Latin America rather than the U.S., according to a transcript provided by AlphaSense.

CFO Scott Schenkel said Expedia projects 2% to 4% bookings growth and 3% to 5% revenue growth in the second quarter, but the company trimmed its full-year forecast for both metrics to 2% to 4% growth from the 4% to 6% rate they laid out in last quarter's earnings call.

Shares🍸 entered the day down more than 9% since the start of the👍 year.

UPDATE—This article has been updated with the latest share price information.