"Booking Holdings ( NASDAQ: BKNG) delivered a beat on both earnings and revenue after the close Tuesday, with adjusted EPS of $99.50 versus $97.33 expected and revenue of $9.00 billion against an $8.89 billion estimate. The stock was trading near $5,300 at filing and faced a technical reset after declining roughly 8% from early October highs. The results extend a four-quarter streak of outperformance."
"1. Room Night Growth Outpaces Travel Demand Booking reported 323 million room nights booked in the quarter, representing 8% year-over-year growth. Gross bookings reached $49.7 billion, up 14% from the prior year period. Revenue growth of 13% signals sustained momentum across the platform despite macro uncertainty. The company's Connected Trip offering and Genius loyalty program continue to drive engagement metrics higher. 2. Margin Expansion Reflects Operational Discipline Adjusted EBITDA margin expanded 120 basis points to 47.0% from 45.8% in Q3 2024."
Booking Holdings reported adjusted EPS of $99.50 and revenue of $9.00 billion, both above expectations. Room nights increased 8% to 323 million and gross bookings rose 14% to $49.7 billion, with revenue up 13%. Adjusted EBITDA margin expanded 120 basis points to 47.0%, and operating income reached $3.483 billion. Management raised the Transformation Program savings target to $500–$550 million, offsetting a 15% rise in operating expenses. Net income was $2.748 billion, including a $457 million impairment charge on KAYAK. Free cash flow totaled $1.371 billion, and the stock experienced a modest technical pullback.
#booking-holdings #room-night-growth #revenue--gross-bookings #adjusted-ebitda-margin #kayak-impairment
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