BKNG · Other

Booking Holdings Inc.

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: everything published this earnings window

News · 2026-11-07

• Guidance / OutlookImportance 41 · Surprise 32
  A third-party report said management expects modest revenue growth in Q4 2026. It also reported a long-term goal of at least 8% constant-currency growth in adjusted revenue. The report did not quantify the expected Q4…
• Acquisition / Partnership / DivestitureImportance 34 · Surprise 42
  Booking Holdings backed Lola as Lola launched its Lola VIP Drops service in New York, offering exclusive last-minute reservations and event access. The rollout was supported by a new funding injection from Booking…
• Distribution Channels ExpansionImportance 29 · Surprise 30
  Booking Holdings backed Lola’s launch of Lola VIP Drops in New York, a service offering exclusive last-minute reservations and event access. Lola is broadening its travel-services offering beyond restaurant access…
• AI Agent CompetitionImportance 20 · Surprise 24
  A third-party report said AI assistants could steer travelers away from online travel agencies such as Booking.com. AI referrals currently account for less than 1% of Booking.com room nights, but the article…

News · 2026-11-05

• Products and TechnologyImportance 31 · Surprise 42
  Booking-backed AI experiences assistant Lola launched Lola VIP Drops, initially in New York City, offering members access to last-minute restaurant reservations and tickets for sporting events, concerts, theater, and…
• AI Adoption and Connected TripImportance 26 · Surprise 24
  Third-quarter reporting said Priceline’s Penny and Agoda’s AI assistants increased conversion rates and average booking values. Booking’s accommodation inventory and payments infrastructure were also described as…

News · 2026-11-04

• FTC Matter Financial ImpactImportance 63 · Surprise 50
  A $900 million reduction related to an FTC investigation involving Priceline contributed to Booking Holdings’ Q3 revenue decline. The reduction was larger than the specified $221 million revenue-materiality threshold.…
• FTC Investigation RiskImportance 58 · Surprise 42
  A report said Booking Holdings’ third-quarter revenue was reduced by $900 million in connection with an FTC investigation involving Priceline. The reported amount exceeds the company-specific materiality threshold of…
• Guidance / OutlookImportance 56 · Surprise 68
  Booking Holdings projected fourth-quarter 2026 room-night growth of 1%–3% and flat adjusted EBITDA. CEO Glenn Fogel attributed the cautious outlook to moderating travel demand and geopolitical factors. The reports did…
• AI Adoption and Connected TripImportance 56 · Surprise 82
  Travelers using Booking Holdings’ AI assistants at Priceline and Agoda converted at roughly twice the rate of non-users. Agoda assistant users also had 20% higher average booking values. Traffic from external AI…
• Operating Income and MarginsImportance 41 · Surprise 32
  Q3 adjusted EBITDA was approximately $4.6 billion, up 9% year over year. Adjusted EBITDA margin expanded slightly to 47.0%. Adjusted revenue increased 9% year over year, or approximately 10% in constant currency, and…
• Operating Expense TrendsImportance 30 · Surprise 40
  Q3 marketing expense increased 11% year over year, slightly faster than gross bookings. B2B affiliate marketing drove the increase, while B2C marketing had leverage. Adjusted sales and other expenses were 2.0% of gross…
• Revenue Performance and MixImportance 25 · Surprise 32
  Booking Holdings reported Q3 2026 revenue of $8.89 billion, down 1.3% year over year, while gross bookings increased 9.6% to $54.46 billion. Room nights rose 6.7% to 345 million, accelerating from 5% growth in Q2.…
• Market Demand TrendsImportance 25 · Surprise 32
  Booking Holdings reported Q3 room-night growth of 7% and gross bookings growth of 10%, with room-night growth accelerating from 5% in Q2. Growth was broad-based: domestic room nights increased at a high-single-digit…
• Net Income and ProfitabilityImportance 23 · Surprise 22
  Q3 adjusted earnings were $4.66 per share, up 17% year over year and 4.02% above the Zacks consensus estimate. The EPS increase was supported by travel demand, cost discipline, and a 7.5% reduction in average share…

10-Q · 2026-11-03

• Capital Return ProgramImportance 75 · Surprise 64
  Booking Holdings repurchased $9.934 billion of common stock in the nine months ended September 30, 2026, compared with $4.298 billion in the 2025 period. The company reported $12.4 billion of remaining authorization…
• FTC Matter Financial ImpactImportance 71 · Surprise 60
  In July 2026, FTC staff informed Priceline that they intended to recommend a complaint against Priceline and a business-to-business affiliate partner over disclosures, fees, customer support, and billing practices. The…
• Transformation Program SavingsImportance 68 · Surprise 58
  The Transformation Program generated approximately $250 million in savings in 2025 and enabled approximately $550 million in annual run-rate savings by year-end 2025. In the second quarter of 2026, the company raised…
• Merchant Agency Booking MixImportance 60 · Surprise 40
  Merchant bookings represented 75% of company gross bookings in the third quarter of 2026, up from 72% a year earlier, reflecting Booking.com’s continuing shift from agency to merchant transactions. Third-quarter…
• Revenue Performance and MixImportance 54 · Surprise 40
  For the three months ended September 30, 2026, total revenue was $8.893 billion, down 1.3% year over year, while nine-month revenue was $21.777 billion, up 5.9%. Third-quarter merchant revenue increased 14.1% to $6.998…
• Financing ActivitiesImportance 49 · Surprise 32
  Net cash used in financing activities was $8.746 billion in the first nine months of 2026, compared with $8.248 billion in the same period of 2025. The 2026 outflow principally reflected $9.9 billion of common-stock…
• Liquidity and Debt PositionImportance 42 · Surprise 14
  At September 30, 2026, the company held $15.814 billion in cash and cash equivalents, down from $17.203 billion at December 31, 2025. Outstanding senior notes had $20.2 billion aggregate principal, compared with $18.9…
• FX / Currency ImpactImportance 42 · Surprise 14
  Booking Holdings has substantial Euro-denominated debt: $19.0 billion principal at September 30, 2026, compared with $17.4 billion at December 31, 2025. The filing reports that foreign-currency transaction results…
• Market Demand TrendsImportance 42 · Surprise 40
  Global room nights increased 7% year over year in the third quarter of 2026, accelerating from 5% in the second quarter and 6% in the first quarter. Room nights reserved through Booking Holdings’ services increased…
• Operating Expense TrendsImportance 41 · Surprise 22
  Marketing expense rose 10.6% to $2.588 billion in the third quarter and 12.3% to $7.027 billion in the first nine months of 2026, primarily to drive additional gross bookings and revenue. Sales and other expense…
• U.S. Tax Law ChangesImportance 37 · Surprise 42
  The One Big Beautiful Bill Act changed certain U.S. international, foreign-tax-credit, and domestic tax provisions effective in 2025 and 2026. Provisions affecting the Company’s 2026 effective tax rate include U.S.…
• Alternative Accommodation GrowthImportance 37 · Surprise 32
  Booking.com listed approximately 4.7 million properties at September 30, 2026, up from approximately 4.4 million a year earlier, including approximately 4.2 million alternative-accommodation properties and more than…
• Operating Income and MarginsImportance 36 · Surprise 14
  Nine-month operating income increased 5.8% to $7.189 billion in 2026 from $6.795 billion in 2025, while revenue increased 5.9% to $21.777 billion. The resulting nine-month operating margin was approximately 33.0%,…
• Operating Cash Flow TrendsImportance 36 · Surprise 14
  Net cash provided by operating activities was $8.071 billion for the first nine months of 2026, compared with $7.919 billion in the same period of 2025. The 2026 amount included $5.8 billion of net income, a favorable…
• Distribution ChannelsImportance 32 · Surprise 24
  Direct bookings accounted for a mid-fifties percentage of total room nights in both trailing-twelve-month periods ended September 30, 2026 and 2025, despite declines in unpaid organic search traffic. Booking Holdings…
• Digital Services Tax RegulationImportance 32 · Surprise 24
  The filing says jurisdictions, particularly in the EU, have implemented or are considering digital services taxes on revenue from digital advertisements or use of online platforms, including where a company has no…
• Connected Trip StrategyImportance 31 · Surprise 42
  Booking Holdings is pursuing an AI-powered Connected Trip experience intended to personalize travel planning, booking, payment, and in-trip services, supported by a loyalty program. The company expects the strategy to…
• Income Tax Rate ChangesImportance 30 · Surprise 40
  The effective tax rate for the nine months ended September 30, 2026 was 22.1%, up from 20.0% in the comparable 2025 period, a 2.1-percentage-point increase. The company attributed the higher 2026 rate primarily to a…
• EU Digital RegulationImportance 29 · Surprise 24
  The European Commission designated Booking Holdings a gatekeeper under the Digital Markets Act and Booking.com a Very Large Online Platform under the Digital Services Act. The company says the resulting rules and…
• Competition and Consumer RegulationImportance 29 · Surprise 24
  Booking.com faces competition and consumer-protection investigations and proceedings across Europe, including a 2024 Spanish CNMC fine and restrictions that remain subject to appeal; the Spanish National Court…
• Litigation and Legal RiskImportance 29 · Surprise 24
  Competition and consumer-law disputes have led to private litigation, including ongoing parity-related claims by German hotels against Booking.com. In the Netherlands, two foundations filed claims on behalf of European…
• Competition and Pricing PressureImportance 26 · Surprise 24
  Booking Holdings says price is the primary booking consideration for many consumers and reports that discounting and couponing are common across its major regions, particularly in Asia. Competitors sometimes accept…
• Geographic Market CommentaryImportance 20 · Surprise 24
  The third-quarter improvement in room-night growth primarily reflected stronger international travel originating from Europe and Asia, while domestic travel remained relatively healthy across all regions. International…
• Middle East Conflict ImpactImportance 20 · Surprise 24
  During the third quarter of 2026, the direct effects of the Middle East conflict on travel demand had largely normalized, but elevated flight ticket prices continued to weigh on long-haul international travel. The…

Earnings call · 2026-11-03

• Guidance / OutlookImportance 65 · Surprise 32
  For Q4, management expects room nights to grow 1%–3%, gross bookings 2%–4% reported and 4%–6% constant currency, and adjusted revenue 0%–2% reported and 2%–4% constant currency. Q4 adjusted EBITDA is expected to be…
• AI Adoption and Connected TripImportance 59 · Surprise 82
  Booking Holdings is testing AI across Booking.com, Agoda, Priceline, OpenTable, and new platforms Lola and Vayo, with Agoda’s AI assistant live in 21 markets. Management reported that Booking.com daily AI search…
• Operating Income and MarginsImportance 53 · Surprise 32
  Third-quarter adjusted EBITDA was approximately $4.6 billion, up 9% year over year, and adjusted EBITDA margin expanded slightly to 47.0%, including stock-based compensation as an expense. Adjusted EPS increased 17% to…
• Capital Return ProgramImportance 44 · Surprise 24
  Booking Holdings returned $2.4 billion to shareholders in Q3, including $2.1 billion of share repurchases. During the first nine months of 2026, shareholder returns totaled $10.5 billion, including $9.5 billion of…
• Loyalty Program GrowthImportance 44 · Surprise 24
  Booking Holdings identified Genius as central to strengthening repeat traveler relationships and supporting its Connected Trip strategy. Over the last 12 months, Genius Level 2 and Level 3 members represented more than…
• Revenue Performance and MixImportance 43 · Surprise 32
  Third-quarter total gross bookings increased 10% year over year, or approximately 11% on a constant-currency basis, while adjusted revenue rose 9%, or approximately 10% constant currency. Room nights grew 7%,…
• Market Demand TrendsImportance 43 · Surprise 32
  Management described third-quarter travel demand as resilient, with room nights up 7% year over year, accelerating from 5% growth in the second quarter. Global domestic room nights grew at a high-single-digit rate,…
• Alternative Accommodation GrowthImportance 43 · Surprise 32
  Alternative accommodations represented approximately 37% of Booking.com room nights in the third quarter, up about one percentage point from the prior-year quarter. Room-night growth in the category accelerated to 7%…
• Liquidity and Debt PositionImportance 42 · Surprise 14
  Cash and investments totaled $16.2 billion at the end of Q3, down from $17.7 billion at the end of Q2. The company generated $1.1 billion of free cash flow during the quarter, affected by a $3.6 billion seasonal unwind…
• Middle East Conflict ImpactImportance 40 · Surprise 42
  Management said the Middle East conflict was weighing on long-haul travel through elevated airfares and reduced capacity on certain routes. In October, disruptions to travel to and from the Middle East, broader…
• FX / Currency ImpactImportance 34 · Surprise 14
  For its fourth-quarter 2026 outlook, Booking Holdings assumed recent foreign-exchange rates, including a euro-U.S. dollar rate of $1.12. Management estimated FX would reduce fourth-quarter reported U.S. dollar growth…
• Distribution ChannelsImportance 31 · Surprise 32
  Booking.com’s B2C direct mix remained in the mid-60% range over the past four quarters, with direct room nights growing in line with the broader business and room nights from direct website and mobile-app visits…
• Operating Expense TrendsImportance 30 · Surprise 40
  Third-quarter marketing expense increased 11% year over year, slightly faster than gross bookings, primarily because B2B affiliate marketing commissions rose with B2B revenue; B2C marketing had leverage. Adjusted fixed…
• Geographic Market CommentaryImportance 26 · Surprise 24
  Room-night growth by booker region was high single digits in Europe and Asia, and mid-single digits in the U.S. and Rest of World. Europe’s growth included high-single-digit domestic room-night growth, while Asia’s…
• Competition and Market PositionImportance 26 · Surprise 24
  Management said Booking Holdings is working with multiple AI and technology companies and views emerging AI agents as potential additional discovery and distribution channels, while noting that current LLM and agent…
• EU Digital RegulationImportance 26 · Surprise 24
  Management said Booking Holdings had not yet seen a measurable benefit from changes to Google search results under the EU Digital Markets Act (DMA). It also highlighted uncertainty about how horizontal personal agents…
• Macroeconomic Consumer PressureImportance 20 · Surprise 24
  Management characterized travel demand in the third quarter as resilient but said it moderated toward period-end, particularly for international travel. For the fourth quarter, it described the travel environment as…

8-K · 2026-11-03

• Liquidity and Debt PositionImportance 36 · Surprise 14
  Cash and cash equivalents were $15.814 billion at September 30, 2026, down from $17.203 billion at December 31, 2025. Short-term debt was $1.987 billion and long-term debt was $18.074 billion at quarter-end, compared…
• Middle East Conflict ImpactImportance 26 · Surprise 24
  Booking Holdings said October demand was affected by disruptions to travel to and from the Middle East, as well as indirect effects of the conflict, including elevated airfares. Localized unrest in certain European…
• Geographic Market CommentaryImportance 20 · Surprise 24
  Booking Holdings said international travel trends softened toward the end of Q3 2026, while domestic travel remained resilient. In October, disruptions affected travel to and from the Middle East, and elevated airfares…
• Distribution ChannelsImportance 19 · Surprise 6
  Booking Holdings reported that, over the trailing four quarters, a mid-fifties percentage of total room nights was booked through its direct channel. That share was similar to the prior-year period. The release did not…