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 ...

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 ...

Booking Holdings (NasdaqGS:BKNG) Q4 2025 Earnings call February 18, 2026 04:30 PM ET Speaker7Ladies and gentlemen, welcome to Booking Holdings' fourth quarter and full year 2025 conference call. Booking Holdings would like to remind everyone that this call may contain forward-looking statements, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guaranteed of future performance and are subject to certain ris ...

Financial Performance - For the year ended December 31, 2025, Booking Holdings reported revenues of $26.9 billion, categorized into "merchant," "agency," and "advertising and other" revenues[17]. - Total revenues increased by approximately 13% in 2025 compared to 2024, including a benefit of about 3% from changes in foreign currency exchange rates[201]. - The company paid cash dividends of $1.2 billion during the year ended December 31, 2025, and declared a cash dividend of $10.50 per share, payable on March 31, 2026[169]. - The company repurchased shares of its common stock for an aggregate cost of $6.4 billion during the year ended December 31, 2025[173]. - The total stockholder return for the company from December 31, 2020, to December 31, 2025, increased from 100.00 to 244.36, outperforming the NASDAQ Composite Index and S&P 500 Index[172]. Market Trends and Growth - Booking.com achieved a year-over-year flight ticket growth of 37% and approximately 80% growth in attraction ticket sales, indicating strong demand in travel services[20]. - The company recognizes that global travel bookings are expected to grow, shifting from offline to online channels, which will benefit its service offerings[18]. - Global room nights increased by 8% year-over-year in 2025, with a 9% increase in Q4 2025 compared to Q4 2024, driven by strong travel demand in Europe and Asia[183]. - The mix of total gross bookings generated on a merchant basis increased to 70% in 2025, up from 63% in 2024, reflecting a shift from agency to merchant bookings[192]. - The mix of room nights booked for alternative accommodation properties was approximately 36% in 2025, up from 35% in 2024, indicating a growing consumer demand for these types of properties[195]. Strategic Initiatives - The company is focused on expanding its Genius loyalty program and increasing brand awareness in key markets such as Asia and the U.S.[15]. - Booking Holdings aims to integrate generative AI features to enhance consumer and partner experiences, driving operational efficiencies[15]. - The company is executing a Transformation Program to drive efficiency and create capacity for reinvestments in strategic priorities for long-term value creation[15]. - The company continues to focus on innovation and the development of an AI-powered traveler experience, referred to as the "Connected Trip," to enhance customer engagement and loyalty[190]. Employee and Organizational Culture - As of December 31, 2025, Booking Holdings employed approximately 24,300 employees, with 97% being full-time[38]. - The company emphasizes the importance of attracting and retaining top talent, focusing on employee engagement, mental well-being, and career development[40]. - The company measures organizational culture and engagement through regular surveys, sharing results with senior management to enhance employee feedback mechanisms[41]. - Retaining highly skilled employees is critical for performance, and challenges in attracting talent could negatively impact business growth and innovation[71]. Risks and Challenges - The company faces risks from declines in the travel industry, which can negatively impact financial performance due to fluctuations in consumer discretionary spending[47]. - Macroeconomic uncertainties and geopolitical tensions have caused significant volatility in foreign currency exchange rates, affecting consumer travel behavior[48]. - The company operates in a highly competitive market, facing pressure from online travel companies and large technology firms that may reduce market share and profit margins[50]. - The alternative accommodations business faces risks related to liability claims and regulatory developments, which could affect profitability and growth[64]. - Cybersecurity risks, including data breaches and system vulnerabilities, could lead to reputational harm and financial liabilities[83]. Compliance and Regulatory Issues - Compliance with evolving data privacy regulations, such as GDPR and CCPA, imposes significant obligations and potential penalties that could adversely affect financial condition[86]. - The company is subject to various global regulations that could lead to fines, penalties, and reputational damage if not adhered to, affecting its ability to conduct business[118]. - The company is involved in ongoing investigations related to competition law, which could lead to changes in business practices and potential financial liabilities[107][108]. - Compliance with new regulations such as the EU's DMA and DSA has increased operational costs and could impose additional obligations that may not apply to competitors[109][110]. Financial Liabilities and Assets - The company faces risks associated with increased levels of debt, which could affect its ability to make principal and interest payments[146]. - The company has a substantial investment portfolio, which is subject to market price volatility and could impact its financial condition[147]. - The company recognized goodwill and intangible assets impairment charges during fiscal year 2025, reflecting significant judgments and estimates that could materially differ from actual results[75]. - The company recognized a goodwill impairment charge of $180 million for KAYAK, resulting in an adjusted carrying value of $203 million[208].

Confidential - Do not distribute Q4 2025 Earnings Presentation February 18, 2026 Disclosure Regarding Forward-Looking Statements This presentation contains forward-looking statements including regarding our outlook. These forward-looking statements reflect the views of Booking Holdings Inc.'s (the "Company" or "Booking Holdings") management regarding current expectations and projections about future events and conditions and are based on currently available information and current foreign currency exchange ...

The online travel agency said room nights increased 9% and gross bookings were up 16%. ...

Booking四季度营收63.5亿美元，分析师预期61.3亿美元。 来源：滚动播报 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) February 18, 2026 Booking Holdings Inc. (Exact name of registrant as specified in its charter) (State or other Jurisdiction of Incorporation) Delaware 1-36691 06-1528493 (Commission File Number) (IRS Employer Identification No.) 800 Connecticut Avenue Norwalk Connecticut 06854 (Address of princi ...

Group 1 - The software trade, particularly in cybersecurity, is experiencing pressure, exemplified by Palo Alto Networks (PANW) shares falling by up to 6% after the company revised its full-year earnings outlook downward [1] - As of February 13, 74% of S&P 500 companies have reported their results, with blended earnings growth at 13.2%, indicating a strong performance overall [1] - If the current growth rate of 13.2% is maintained, it would mark the 10th consecutive quarter of annual earnings growth for the S&P 500 and the fifth consecutive quarter of double-digit growth [2] Group 2 - General Mills (GIS) shares declined following disappointing earnings, while eToro (ETOR) saw a stock increase of over 20% due to a strong quarterly performance [2] - Upcoming earnings reports from major companies such as Walmart (WMT), Deere & Co. (DE), Analog Devices (ADI), Booking Holdings (BKNG), DoorDash (DASH), and eBay (EBAY) will be closely monitored by investors [3]

Booking Holdings Inc. (NASDAQ:BKNG) will release earnings results for its fourth quarter, after the closing bell on Wednesday, Feb. 18.Analysts expect the Norwalk, Connecticut-based company to report quarterly earnings at $48.67 per share, up from $41.55 per share in the year-ago period. The consensus estimate for Booking's quarterly revenue is $6.13 billion, versus $5.47 billion a year earlier, according to data from Benzinga Pro.On Feb. 3, Booking Holdings named Peer Bueller as CEO of KAYAK.Booking Holdin ...