The earnings call reflects strong financial performance and strategic advances, particularly in alternative accommodations and AI-driven initiatives, despite challenges in the U.S. market and geopolitical uncertainties.

Company Guidance -

Q3 2025

During the second quarter of 2025, Booking Holdings delivered robust financial results that surpassed expectations, driven by strong demand across its globally diversified business. Room nights grew by 8% year-over-year to 309 million, with notable performance in Europe and Asia, while gross bookings increased by 13% and revenue by 16%, both exceeding guidance. FX favorably impacted growth rates by approximately 4 percentage points. Adjusted EBITDA rose by 28%, reflecting disciplined expense management. The company reported adjusted EPS growth of 32% year-over-year. Strategic initiatives such as expanding alternative accommodations, with 8.4 million listings, and accelerating the Connected Trip vision contributed to a 10% growth in alternative accommodation room nights and over 30% growth in Connected Trip transactions. The Genius loyalty program now accounts for over 30% of active travelers. Additionally, non-accommodation verticals like flight tickets and attraction tickets saw significant growth, with flights up 44% and attractions more than doubling year-over-year. Looking ahead, the company expects room night growth of 3.5% to 5.5% in the third quarter, with gross bookings projected to rise between 8% and 10%. For the full year, guidance was raised, with expectations of low double-digit growth in gross bookings and revenue, and mid-teens growth in adjusted EBITDA.

Strong Financial Performance

Second quarter revenue grew 16% year-over-year, exceeding expectations. Adjusted EBITDA increased by 28% year-over-year, and adjusted EPS grew 32%.

Positive Room Night and Booking Growth

Room nights reached 309 million, an 8% increase from the previous year, with gross bookings up 13% and revenue up 16%.

Significant Growth in Alternative Accommodations

Alternative accommodation listings increased to 8.4 million, an 8% increase year-over-year, contributing to a 10% growth in room nights for this segment.

Expansion of Genius Loyalty Program

The Genius loyalty program continues to expand, with over 30% of active travelers in higher tiers, contributing significantly to booking frequency and direct bookings.

Connected Trip Vision Progress

Connected Trip transactions grew over 30% year-over-year, supported by strong growth in non-accommodation verticals like flights and attractions, with flight tickets up 44%.

Advancements in AI Integration

Investments in AI capabilities, including enhancements in Priceline's AI assistant Penny and OpenTable's AI Concierge, have improved customer engagement and service efficiencies.

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

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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.