Core Insights - Booking Holdings reported Q4 2025 results with revenue of $6.35 billion, a 16% year-over-year increase, but shares fell 8.8% post-earnings due to concerns over future travel demand [1] Financial Performance - Adjusted EPS was $48.80, surpassing the consensus estimate of $48.50 [1] - Free cash flow increased by 120% to $1.42 billion [1] - Room nights grew by 9%, marking the fourth consecutive quarter of acceleration [1] - Adjusted EBITDA margin expanded to 34.6% from 33.8% year-over-year, aided by $550 million in annual savings from a transformation program [1] Future Guidance - For Q1 2026, management guided for room night growth of 5% to 7% and constant-currency revenue growth of 7% to 9%, a deceleration from the 11% growth in Q4 [1] - The company anticipates high single-digit constant-currency revenue growth and mid-teens adjusted EPS growth for the full year [1] Market Reaction - Despite strong quarterly results, the stock is down 27% year-to-date, reflecting a selloff that began prior to earnings [1] - The forward P/E ratio of 15x indicates expectations for significant earnings growth, but investor concerns about normalizing travel demand are evident [1] Management Commentary - CEO Glenn Fogel highlighted operational strength and long-term positioning, emphasizing double-digit revenue growth and the use of Generative AI to enhance value [1] - The company announced a 25-to-1 stock split effective April 2, 2026, and increased its quarterly dividend to $10.50 per share, a 9.4% rise [1] - $2.1 billion was repurchased in stock during Q4, with $21.8 billion remaining under buyback authorization [1] Analyst Sentiment - 28 analysts rated the stock as a buy or strong buy, while 11 rated it as hold, indicating a generally positive outlook despite current market skepticism [1]

Key Takeaways BKNG Q4 EPS rose 16% to $48.8 as revenues climbed 16% to $6.35B, beating estimates.Booking Holdings saw merchant gross bookings jump 27% to $30.8B, 72% of total bookings.BKNG expects double-digit 2026 bookings growth, margin expansion and $700M reinvestment.Booking Holdings (BKNG) reported fourth-quarter 2025 earnings of $48.8 per share, beating the Zacks Consensus Estimate by 1.18%. The figure increased 16.1% year over year.Revenues of $6.35 billion beat the Zacks Consensus Estimate by 3.87% ...

Booking Holdings Inc (NASDAQ:BKNG) reported upbeat earnings for the fourth quarter on Wednesday.The company posted quarterly earnings of $48.80 per share which beat the analyst consensus estimate of $48.27 per share. The company reported quarterly sales of $6.349 billion which beat the analyst consensus estimate of $6.130 billion.Booking Holdings said it sees first-quarter sales of $5.429 billion-$5.524 billion, versus market estimates of $5.359 billion.Booking shares gained 3.1% to close at $4,269.99 on We ...

美国股市中估值最高的股票之一即将大幅降价。 Booking Holdings(BKNG.US) 的股票周三收于每股 4,269.99 美元，该公司表示，其董事会已批准按1:25进行股票拆分，投资者每持有 1 股股票将获得 25 股新股——这是高增长公司经常采取的措施，以确保其股票对投资者来说不会显得太贵。 2003年，该公司采取了截然相反的做法。当时它名为Priceline.com，并受到互联网泡沫破灭的冲 击而陷入困境。为了提振股价，该公司批准了1：6的反向股票分割。但自那以后，其在线旅游业务 的增长推动了股价的大幅上涨，使其股价上涨了约 16,831%。这使得Booking的股价达到了四位 数，这在华尔街实属罕见。 同时，Booking 公布的第一季度总预订量指引好于预期，表明旅游业持续强劲。Priceline母公司在 一份声明中表示，预计总预订量将增长15%(取中间值)，高于分析师此前预测的13%增幅。该指标 反映的是客户预订的旅行服务总价值(扣除取消订单后)，是公司收入的关键驱动因素。其收入指引 也超出预期(取中间值)。 这家总部位于康涅狄格州诺沃克的公司宣布将大幅增加由其储蓄计划资助的再投资。该公司 ...

同时，Booking公布的第一季度总预订量指引好于预期，表明旅游业持续强劲。Priceline母公司在一份声 明中表示，预计总预订量将增长15%(取中间值)，高于分析师此前预测的13%增幅。该指标反映的是客 户预订的旅行服务总价值(扣除取消订单后)，是公司收入的关键驱动因素。其收入指引也超出预期(取中 间值)。 这家总部位于康涅狄格州诺沃克的公司宣布将大幅增加由其储蓄计划资助的再投资。该公司计划在2026 年比往常支出水平增加约7亿美元，高于2025年的约1.7亿美元再投资额。首席财务官在财报电话会议上 表示，这些投资将用于拓展人工智能、地域扩张和广告业务。该公司预计这些举措今年将带来约4亿美 元的额外收入。 Booking还指出，第四季度平均每日房价略有下降(这是衡量价格和旅客每晚支出的一个关键指标)，而 且与去年同期相比，入住时间也缩短了。Steenbergen表示，这些趋势"可能表明，一些消费群体仍在谨 慎对待他们的可自由支配支出"。 美国股市中估值最高的股票之一即将大幅降价。Booking Holdings(BKNG.US)的股票周三收于每股 4,269.99美元，该公司表示，其董事会已批准按1:25 ...

智通财经APP获悉，美国股市中估值最高的股票之一即将大幅降价。Booking Holdings(BKNG.US)的股 票周三收于每股 4,269.99 美元，该公司表示，其董事会已批准按1:25进行股票拆分，投资者每持有 1 股 股票将获得 25 股新股——这是高增长公司经常采取的措施，以确保其股票对投资者来说不会显得太 贵。 2003年，该公司采取了截然相反的做法。当时它名为Priceline.com，并受到互联网泡沫破灭的冲击而陷 入困境。为了提振股价，该公司批准了1：6的反向股票分割。但自那以后，其在线旅游业务的增长推动 了股价的大幅上涨，使其股价上涨了约 16,831%。这使得Booking的股价达到了四位数，这在华尔街实 属罕见。 调整后 EBITDA 同比增长 19% 至 22 亿美元。每股收益为 44.22 美元，高于市场预期的 42.07 美元和去 年同期的 31.95 美元。自由现金流增长超过一倍，达到 14 亿美元。 同时，Booking 公布的第一季度总预订量指引好于预期，表明旅游业持续强劲。Priceline母公司在一份 声明中表示，预计总预订量将增长15%(取中间值)，高于分析师此前 ...

Steenbergen said fourth-quarter room night growth exceeded guidance partly due to continued investments in Asia and the U.S. and an “expanded” booking window. In the U.S., he said Booking saw slightly lower average daily rates and slightly shorter lengths of stay versus the prior year, which he suggested may indicate some consumers remain thoughtful about discretionary spending.Gross bookings and revenue both rose 16% year-over-year, while adjusted EBITDA increased 19% to about $2.2 billion. Adjusted earnin ...

Glenn Fogel: Adjusted EBITDA reached $2,200,000,000. Up 19% from the prior year quarter. Finally, adjusted earnings per share grew 17% year over year. Consistent with our prior earnings guidance, I want to note that FX benefited our fourth quarter growth rates by approximately 500 basis points. For the full year, top line growth metrics are strong with room nights of more than 1,200,000,000, an 8% increase year over year. And gross bookings and revenue growth up 12–13%, respectively. We achieved these top l ...

(Bloomberg) — One of the highest price-tag stocks in the US equity market is about to get a deep-discount markdown. Booking Holdings Inc. (BKNG), whose shares closed at $4,269.99 a piece on Wednesday, said its board of directors approved a stock split that will give investors 25 shares for each one they own — a step that high-flying companies often take to make sure their stock doesn’t look too costly to investors. It did the opposite in 2003, when it was known as Priceline.com and had been dragged down ...

Booking Holdings (NasdaqGS:BKNG) Q4 2025 Earnings call February 18, 2026 04:30 PM ET Company ParticipantsAlex Brignall - Global Co-Head of ResearchEric Sheridan - Managing DirectorEwout Steenbergen - EVP and CFOGlenn Fogel - CEO and PresidentLee Horowitz - Co-Head of Internet Equity ResearchMark Mahaney - Senior Managing DirectorConference Call ParticipantsLloyd Walmsley - Managing Director and Internet Equity Research AnalystTrevor Young - Director and Senior Internet Equity Research AnalystOperatorLadies ...