BKNG · 8-K · 20261103PR000044
FTC Matter Financial Impact
Booking Holdings Inc. · 2026-11-03 · Importance 71 · Surprise 60 · In source text
The company recorded a $900 million reduction in Q3 2026 revenue and accrued a $100 million loss related to an FTC matter. The $900 million revenue reduction lowered reported Q3 revenue to $8.893 billion; Adjusted Revenue excludes that reduction and was $9.793 billion. Adjusted Net Income and Adjusted EBITDA each exclude $1.0 billion related to the matter, which included the revenue reduction and accrued loss. The company directs readers to footnote 13 to its Form 10-Q for the quarter ended September 30, 2026.
Key facts
- Booking Holdings Inc. noted that its reported Q3 2026 revenue growth was reduced by 10 percentage points due to the FTC matter, while foreign currency had a 1% positive impact in the reconciliation to constant-currency Adjusted Revenue growth. source
- Booking Holdings Inc. recorded a $900 million reduction in revenue and accrued a $100 million loss related to an FTC matter. source
- Booking Holdings Inc. states that the FTC matter is excluded from gross bookings. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | realized | -12.2% | Booking Holdings Inc. recorded a $900 million reduction in revenue and accrued a $100 million loss related to an FTC matter. |
| net_income | negative | realized | -1.4% | Booking Holdings Inc. recorded a $900 million reduction in revenue and accrued a $100 million loss related to an FTC matter. |
| liability | negative | realized | -0.3% | Booking Holdings Inc. recorded a $900 million reduction in revenue and accrued a $100 million loss related to an FTC matter. |
| revenue | positive | realized | — | Booking Holdings Inc. noted that its reported Q3 2026 revenue growth was reduced by 10 percentage points due to the FTC matter, while… |