Booking Holdings Inc. Earnings Recaps
Q1 2026
Apr 29, 2026
Booking Holdings shares slipped 2.0% post-earnings as results landed near expectations, with geopolitical headwinds in the Middle East weighing on growth and management maintaining a cautious tone about near-term travel demand.
Key takeaways
- Q1 room nights totaled 338 million, up 6% year-over-year; management estimated a 2% headwind from Middle East conflict.
- Gross bookings grew 15% to $53.8 billion, while revenue increased 16% to $5.5 billion.
- Adjusted EBITDA was $1.3 billion, up 19% from prior year; adjusted EPS rose 14% to $1.14.
- U.S. market showed momentum, with room night growth accelerating to low teens and direct channel bookings at Booking.com up double digits.
- Management highlighted near-term uncertainty due to geopolitical developments but reiterated confidence in the long-term growth strategy, supported by $3.6 billion in share repurchases in the quarter.
Q3 2025
Oct 29, 2025
Booking Holdings reported a strong third quarter performance, marked by robust demand across global markets with better-than-expected growth in gross bookings and revenue, alongside significant strategic advancements.
Key takeaways
- Gross bookings increased by 14% year-over-year, fueled by an 8% increase in room nights to 323 million.
- Revenue grew by 13%, with adjusted EBITDA reaching $4.2 billion, up 15% from the previous year.
- The Connected Trip initiative is gaining traction, with mid-20% year-over-year growth in multi-vertical transactions, highlighting the effectiveness of integrated travel planning.
- The Genius loyalty program has become a key driver for repeat bookings, with members accounting for over 30% of the active base and mid-50% of room nights.
- FX fluctuations benefited growth rates by approximately 400 to 500 basis points, contributing to the strong financial results.