Group 1 - Booking Holdings' CFO Ewout Steenbergen will present at the Bank of America Securities 2025 Global Technology Conference on June 4th at 11:20 am PT / 2:20 pm ET [1] - A live audio cast of the presentation will be available to the public, with a replay accessible approximately 24 hours later [1] Group 2 - Booking Holdings is the world's leading provider of online travel and related services, operating in over 220 countries and territories [2] - The company operates five primary consumer-facing brands: Booking.com, Priceline, Agoda, KAYAK, and OpenTable [2] - The mission of Booking Holdings is to make it easier for everyone to experience the world [2]

Core Insights - New research indicates that 55% of Americans prefer outdoor dining when the weather is pleasant, with 34% willing to dine outside even in unexpected weather conditions [1][3] - OpenTable has identified cities with the highest outdoor dining demand during the summer months, including Austin, Boston, Chicago, Los Angeles, New York, San Diego, San Francisco, and Washington D.C. [1][4] - OpenTable is launching a list of Top Restaurants for Outdoor Dining, based on over 10 million diner reviews and demand metrics [1][4] Company Insights - OpenTable is a global leader in restaurant technology, assisting over 60,000 restaurants worldwide in filling 1.8 billion seats annually [6] - The company aims to enhance the dining experience by providing data-backed lists and curated guides to help diners find suitable outdoor dining options [1][6] - OpenTable's methodology for ranking restaurants includes various metrics such as diner ratings, percentage of five-star reviews, and advance reservations [4] Industry Trends - There is a growing trend among pet owners, with 54% of dog owners having dined with their pets, yet 65% face challenges in finding pet-friendly restaurants [1][3] - The outdoor dining season is particularly significant in cooler climates, indicating a seasonal opportunity for restaurants to increase revenue [1][3] - The demand for outdoor dining options is expected to continue, driven by consumer preferences for dining experiences that include outdoor settings [1][4]

Investment Rating - The report maintains a neutral investment rating for the U.S. stock market [1] Core Insights - The U.S. stock market is experiencing a steady recovery, led by the technology sector, with the S&P 500 rising by 5.3% and the Nasdaq increasing by 7.2% [3] - Significant capital inflows have been observed, particularly in the semiconductor and automotive sectors, indicating strong investor interest [4] - Earnings expectations for the S&P 500 constituents have been slightly adjusted upwards, with traditional industries showing the most significant upward revisions [5] Summary by Sections Price Trends - The S&P 500 increased by 5.3% and the Nasdaq by 7.2% this week, with the automotive and semiconductor sectors leading the gains at +16.2% and +13.3% respectively [3] Capital Flows - Estimated capital inflows for the S&P 500 constituents reached +$25.71 billion this week, a significant increase from the previous week's +$2.99 billion [4] - The semiconductor sector saw the highest inflow at +$9.17 billion, followed by automotive at +$6.59 billion [18] Earnings Forecasts - The dynamic F12M EPS expectations for the S&P 500 were adjusted up by 0.1%, with 19 sectors seeing upward revisions, particularly real estate (+0.7%) and materials (+0.5%) [5]

智通财经APP获悉，瑞银发布研报指出，美股市场仍存在不确定性，但随着关税和其他政策的更多细节成为焦点，可能已经度过了不确定性的高峰期。而在 经济不确定的情况下，瑞银认为，GARP选股策略应该会继续表现良好。瑞银给出的GARP选股策略名单包括博通(AVGO.US)、礼来(LLY.US)、赛富时 (CRM.US)、Servicenow(NOW.US)与Booking Holdings(BKNG.US)等公司。 瑞银认为，在经济不确定的情况下，GARP选股策略应该会继续表现良好。瑞银对美国实际GDP的预测显示，在适度关税情景下，美国实际GDP将从第一季 度的同比增长2.0%大幅下降至第四季度的同比增长0.7%。达成广泛的贸易协议通常需要时间(最早可能在7月)，因此不确定性仍继续存在，即使市场似乎已 经消化了上行前景。 瑞银建议，在波动性/风险仍较高而且不明确的情况下，应以价值导向(避免高估值);不过，美国经济增长势头持续到2026年的可能性表明，应继续持有一些 周期性成长型公司的股票。这反映了过去几十年被忽视的GARP选股策略。 瑞银表示，许多市场人士指出，已公布的经济和政策不确定性指数处于高位。这些数据基于新闻头 ...

Core Viewpoint - The current economic climate, characterized by a trade war and uncertainty, may not seem favorable for investing in discretionary travel stocks like Booking Holdings [1] Group 1 - The article discusses the potential for investment in Booking Holdings despite the ongoing trade war and economic uncertainty [1] - The author expresses a personal interest in uncovering investment opportunities across various sectors, including equities and cryptocurrencies [1] - The author has a background in communications and an MBA, indicating a level of expertise in investment analysis [1] Group 2 - There is a disclosure stating that the author does not hold any positions in the mentioned companies but may consider initiating a long position in Booking Holdings within the next 72 hours [2] - The article emphasizes that the views expressed are personal opinions and not influenced by any compensation or business relationships [2][4] - The author encourages readers to conduct their own due diligence regarding investment decisions [3]

ROCKVILLE, Md., May, 1 2025 /PRNewswire/ -- Xiao-I Corporation (NASDAQ: AIXI), a leading artificial intelligence company ("Xiao-I"), today announced the launch of its groundbreaking artificial intelligence solution for golf course management - a specialized implementation of its proprietary tAIkbox platform tailored for sports facility operations. This AI-driven platform resolves critical operational challenges for the United States' golf industry—home to the world's largest infrastructure network with 15,9 ...

Core Insights - Booking Holdings (BKNG) reported first-quarter 2025 earnings of $24.81 per share, surpassing the Zacks Consensus Estimate by 43.83% and reflecting a year-over-year increase of 21.7% [1] - Revenues reached $4.76 billion, exceeding the Zacks Consensus Estimate by 3.58% and growing 8% year over year, with a 10% increase on a constant currency basis [2] Financial Performance - BKNG's earnings have consistently beaten the Zacks Consensus Estimate over the past four quarters, with an average surprise of 18.98% [1] - Adjusted EBITDA for the first quarter was approximately $1.1 billion, representing a 21% year-over-year growth and exceeding the high end of guidance by 28% [12] - Merchant revenues accounted for $2.91 billion (61.3% of total revenues), up 22.2% year over year, while agency revenues were $1.56 billion (32.8% of total revenues), down 11.3% year over year [4] Operational Highlights - The company achieved a record of 319 million room nights in the first quarter, marking the first time it exceeded 300 million in a single quarter, with a growth of over 7% year over year [5] - Total accommodation listings reached approximately 31 million, with alternative accommodations listings growing by 9% year over year to about 8.1 million [6] - Connected Trip transactions grew by 35% year over year, representing a high single-digit percentage of total transactions [7] Expense Management - Marketing expenses increased by 10% year over year, accounting for 3.8% of gross bookings, which was in line with expectations [8] - Adjusted fixed operating expenses decreased by 3% year over year, primarily due to lower general and administrative expenses [11] - Sales and other expenses as a percentage of gross bookings were 1.5%, slightly lower than the previous year, aided by efficiencies in customer service [10] Guidance - For Q2 2025, BKNG expects room night growth between 4% and 6%, gross bookings growth in the range of 10-12%, and revenue growth also between 10% and 12% [15]

Group 1 - Booking Holdings (NASDAQ: BKNG) connects millions of travelers globally, providing a modern infrastructure for vacationing, including accommodations, flights, car rentals, and restaurant reservations [1] Group 2 - The focus is on long-term growth and dividend growth investing, emphasizing the importance of profitability over low valuation, with a particular interest in margins, free cash flow stability, and returns on invested capital [2]

Q1 2025 Earnings Presentation April 29, 2025 Adjusted Financial Measures: While the Company reports financial results in accordance with accounting principles ("GAAP") generally accepted in the United States, this presentation includes certain Adjusted "Non-GAAP" measures, including Adjusted EBITDA, Free Cash Flow, Adjusted Net Income, and Adjusted Net Income per Diluted Common Share (Adjusted EPS), which are not presented in accordance with GAAP or intended to be substitutes for GAAP measures. The Company ...

Financial Data and Key Metrics Changes - In Q1 2025, room nights reached 319 million, exceeding 300 million for the first time, growing over 7% year over year [4][18] - Revenue for Q1 was $4.8 billion, an 8% increase year over year, while adjusted EBITDA was approximately $1.1 billion, up 21% year over year [4][25] - Adjusted earnings per share grew 22% year over year, reflecting strong bottom line performance [5][28] Business Line Data and Key Metrics Changes - Alternative accommodations room night growth was 12% in Q1, with a global mix of alternative accommodation room nights at 37%, up one percentage point from the previous year [22][10] - Airline ticket bookings increased by 45% year over year, indicating strong growth in the flight platform [13][23] - Attraction ticket bookings surged by 92% year over year, although starting from a modest base [23][13] Market Data and Key Metrics Changes - Room nights growth by region showed Europe and Asia up in high single digits, the rest of the world in low double digits, while the U.S. was up in low single digits [18][19] - There was a noted decrease in length of stay in the U.S., suggesting consumers may be more cautious with spending [20][19] - The direct booking channel grew faster than room nights acquired through paid marketing channels, indicating a shift in traveler preferences [10][11] Company Strategy and Development Direction - The company is focused on integrating AI technology across platforms to enhance traveler experiences and operational efficiency [6][14] - Strategic initiatives include increasing alternative accommodations, enhancing the Genius loyalty program, and building towards a connected trip vision [6][12] - The company aims to maintain a disciplined approach to managing fixed expenses while investing in growth opportunities [27][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term outlook for the travel industry despite current geopolitical and macroeconomic uncertainties [5][6] - The company is prepared to navigate potential changes in the environment due to its global diversification and strong liquidity [6][30] - There is recognition of stable global leisure travel demand, although caution is advised regarding consumer spending trends [5][31] Other Important Information - The company reported a cash and investments balance of $16.1 billion at the end of Q1, down from $16.7 billion in Q4 due to capital returns and debt repayments [29][30] - Transformation costs incurred in Q1 were $32 million, with expectations of achieving approximately $300 million in annual run rate savings [29][28] Q&A Session Summary Question: Can you discuss the confidence in travel vertical specific agents and the shift in travel patterns? - Management believes both broad and narrow AI capabilities will coexist, enhancing the booking experience [39][40] - There is stable global demand, but shifts in travel preferences are noted, particularly with Europeans traveling less to the U.S. [44][46] Question: What is the strategy for attractions and the AgenTiC tools? - The company is excited about the 92% growth in attractions, viewing it as part of the connected trip vision [53][54] - The AgenTiC tools are still in beta, with ongoing improvements expected over time [60][62] Question: Are there changes in competitive focus or marketing performance? - The company is maintaining its long-term investment strategy without significant shifts in focus [69][70] - Marketing performance is improving, with positive outcomes from traditional channels despite lower average ROIs [72][73] Question: What is the reasoning behind the widening of the annual guidance range? - The widening reflects increased uncertainty in the geopolitical and macroeconomic environment, while still maintaining high single-digit growth expectations [80][81] Question: How does generative AI impact direct mix and acquisition strategies? - The direct mix is expected to continue increasing, with generative AI tools potentially enhancing customer engagement and direct bookings [89][90]