The earnings call reflects strong financial growth and strategic advancements in AI and the Connected Trip vision, despite some challenges in the US market and geopolitical concerns.

Company Guidance -

Q3 2025

During the second quarter of 2025, Booking Holdings reported strong financial performance, with room nights reaching 309 million, an 8% year-over-year increase, gross bookings up 13%, and revenue up 16%. The company highlighted robust demand across Europe and Asia, with Asia experiencing low double-digit growth. The U.S., although the slowest-growing region, showed slight improvement from the first quarter. Adjusted EBITDA increased by 28% year-over-year, and adjusted earnings per share grew by 32%. The guidance for the third quarter anticipates room night growth between 3.5% and 5.5%, gross bookings to rise by 8% to 10%, and revenue growth between 7% and 9%. For the full year 2025, Booking Holdings expects low double-digit growth in gross bookings and revenue, mid-teens growth in adjusted EBITDA, and adjusted EPS to rise by high teens, with adjusted EBITDA margins expanding by about 125 basis points.

Strong Financial Performance

Adjusted EBITDA increased 28% year-over-year, and adjusted EPS grew 32% year-over-year. Revenue outperformed expectations with a 16% increase, driven by robust global demand.

Room Night and Booking Growth

Room nights reached 309 million, an 8% year-over-year increase, exceeding prior expectations. Gross bookings rose by 13% and revenue by 16%.

Expansion in Asia and Alternative Accommodations

Asia saw low double-digit growth in room nights. Booking.com's alternative accommodation listings reached 8.4 million, an 8% year-over-year increase, with a 10% growth in alternative accommodation room nights.

Development of Connected Trip Vision

Connected Trip transactions grew over 30% year-over-year, and flight tickets increased by 44% year-over-year.

Advancement in AI Capabilities

Investments in AI have led to improved customer service efficiencies and enhanced user experiences across platforms such as Priceline and OpenTable.

Strong Cash and Liquidity Position

The company ended the quarter with $18.2 billion in cash and investments, driven by $3.1 billion in free cash flow.

Genius Loyalty Program Success

Over 30% of active travelers are in higher Genius tiers, booking mid-50% of Booking.com's total room nights.

Booking Holdings (BKNG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BKNG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	95.29 / -	83.89	―	―	―
Jul 29, 2025	2025 (Q2)	50.32 / 55.40	41.9	32.22% (+13.50)
Apr 29, 2025	2025 (Q1)	17.34 / 24.81	20.39	21.68% (+4.42)
Feb 20, 2025	2024 (Q4)	36.01 / 41.55	32	29.84% (+9.55)	―
Oct 30, 2024	2024 (Q3)	77.21 / 83.89	72.32	16.00% (+11.57)	―
Aug 01, 2024	2024 (Q2)	38.70 / 41.90	37.62	11.38% (+4.28)	―
May 02, 2024	2024 (Q1)	13.98 / 20.39	11.6	75.78% (+8.79)	―
Feb 22, 2024	2023 (Q4)	29.73 / 32.00	24.74	29.35% (+7.26)	―
Nov 02, 2023	2023 (Q3)	67.74 / 72.32	53.03	36.38% (+19.29)	―
Aug 03, 2023	2023 (Q2)	29.06 / 37.62	19.08	97.17% (+18.54)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BKNG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$5590.77	$5612.91	+0.40%
Apr 29, 2025	$4900.77	$5090.49	+3.87%
Feb 20, 2025	$4999.34	$4971.85	-0.55%
Oct 30, 2024	$4439.77	$4650.94	+4.76%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.