Financial Data and Key Metrics Changes - Fourth quarter room nights grew 13% year-over-year, exceeding prior expectations [7][36] - Fourth quarter gross bookings increased by 17% and revenue grew by 14%, both above the high end of prior guidance [7][44] - Adjusted EBITDA for the fourth quarter was $1.8 billion, a 26% increase year-over-year, and adjusted earnings per share grew 30% [8][48] - For the full year, gross bookings reached $166 billion, up 10%, and revenue was $24 billion, up 11% [10][51] - Adjusted EBITDA for the full year was over $8 billion, increasing 17% year-over-year [53] Business Line Data and Key Metrics Changes - Alternative accommodations room night growth accelerated to 19% in the fourth quarter, outpacing overall business growth [29][38] - The mix of merchant gross bookings reached 59% of total gross bookings at Booking.com, an increase of about 9 percentage points year-over-year [23] - Airline ticket bookings grew 52% in the fourth quarter, with almost 14 million tickets booked across platforms [42][88] Market Data and Key Metrics Changes - Room night growth by region in the fourth quarter: Europe up low double digits, Asia up mid-teens, Rest of World up about 20%, and the US up about 10% [36][37] - The global mix of alternative accommodation room nights at Booking.com was 33%, up 1 percentage point from the previous year [39] Company Strategy and Development Direction - The company is focused on leveraging generative AI to enhance traveler experiences and operational efficiency [5][14] - The connected trip vision aims to simplify the travel planning and booking experience, with a strong emphasis on integrating various travel elements [19][20] - The Genius loyalty program is being expanded beyond accommodations to other travel verticals, promoting customer loyalty and direct booking behavior [25][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term outlook for the travel industry, anticipating healthy demand for leisure travel globally [12][61] - The company expects to achieve its long-term growth ambitions for gross bookings, revenue, and adjusted EPS in 2025 [61][62] - Management acknowledged the competitive landscape but emphasized the company's ability to adapt and innovate [71][75] Other Important Information - The company announced a new $20 billion share repurchase authorization and a 10% increase in quarterly cash dividends [58] - A transformation program is underway to reduce complexity and increase agility, with expected annual cost reductions of approximately $400 million to $450 million [64][66] Q&A Session Summary Question: Risks associated with competition from agentic platforms - Management acknowledged the competitive risks but emphasized the company's adaptability and ongoing partnerships with major players in AI [70][76] Question: Growth in alternative accommodations - Management noted that alternative accommodations are growing in all regions and attributed growth to the quality of the platform and product offerings [78][80] Question: Airline growth and future potential - Management expressed optimism about maintaining strong growth in the flight business, focusing on providing better service and value to travelers [86][90] Question: Managing long-term risks with partnerships - Management highlighted the importance of maintaining proprietary data and the potential for partnerships to lower customer acquisition costs [97][101] Question: Interest in larger M&A deals - Management reiterated a consistent stance of not commenting on M&A activities unless a transaction is announced [104][105] Question: Trends in marketing expenses - Management expects continued marketing leverage driven by increased direct traffic and higher performance marketing ROIs [106][110] Question: Impact of AI on revenue and cost avoidance - Management discussed the potential for AI to drive cost savings in customer service and improve operational efficiency [112][115]

Financial Performance - For the year ended December 31, 2024, Booking Holdings reported revenues of $23.7 billion, classified into "merchant," "agency," and "advertising and other" revenues[16]. - Cash dividends of $1.2 billion were paid during the year ended December 31, 2024, with a declared cash dividend of $9.60 per share payable on March 31, 2025[184]. - The company’s financial performance is influenced by worldwide political and economic conditions, including inflation and interest rate changes[22]. - The total gross bookings generated on a merchant basis was 63% in 2024, an increase from 54% in 2023[205]. - Total marketing expenses were $7.3 billion in 2024, a 7% increase compared to 2023[206]. - The company expects the Transformation Program to deliver about $400 to $450 million in annual run rate savings over the next three years[211]. Operational Highlights - Booking.com achieved record annual room nights in 2024, with a year-over-year flight ticket growth of 38%[14][19]. - The mix of room nights booked on the mobile app increased to a low-fifties percentage in 2024, up from a high-forties percentage in 2023[204]. - The mix of total room nights booked directly by consumers was a mid-fifties percentage in 2024, showing year-over-year growth[207]. - Booking.com had approximately 4.0 million total properties on its website at December 31, 2024, up from approximately 3.4 million at December 31, 2023[207]. - The mix of room nights booked for alternative accommodation properties was approximately 35% in 2024, up from approximately 33% in 2023[208]. Strategic Initiatives - The company aims to improve and expand its flight offerings at Booking.com and Agoda, enhancing opportunities for consumers to discover and book Connected Trips[14]. - Booking Holdings is focused on increasing brand awareness in key markets, particularly the U.S., through high-profile sponsorships[14]. - The company is investing in the development of the Connected Trip, which requires increased investments and may adversely impact results until expected returns are realized[77]. - The company aims to enhance the traveler experience through its "Connected Trip" vision, focusing on personalized online travel planning and booking[203]. Technology and Innovation - Booking Holdings is integrating generative artificial intelligence (Gen AI) technology into its offerings to enhance value for consumers and partners[14]. - The company continues to invest in Gen AI to improve internal productivity and enhance consumer and partner experiences[23]. - The company is seeking to incorporate Gen AI into its business, which may increase risks related to harmful content and legal liabilities[81]. Workforce and Diversity - As of December 31, 2024, the company employed approximately 24,300 employees, with about 99% being full-time employees[40]. - Approximately 46% of the company's employees were women, with 26% of technology positions and 34% of leadership roles filled by women[43]. - The company operates in over 220 countries and offers services in over 40 languages, emphasizing the importance of a diverse workforce[42]. Market and Competition - The company faces intense competition from both online and traditional travel services, including significant players like Google and Airbnb[57][59]. - The company derives a substantial portion of its gross bookings from international markets, which have historically shown significant year-over-year growth[63]. - The company faces intense competition for skilled employees, particularly in technology roles, which could adversely affect its ability to innovate and grow[84]. Risks and Compliance - Risks related to cybersecurity, data privacy, and operational infrastructure are critical for the company's business[51]. - The company has experienced cyberattacks, which have not had a material impact on the integrity of its systems or data security, but the evolving nature of these threats poses ongoing risks[95]. - The handling and storage of personally identifiable data are subject to complex regulations, with potential fines under the GDPR reaching up to €20 million or 4% of annual global revenues, whichever is greater[98]. - The company is subject to various competition and consumer protection laws globally, which may evolve and increase regulatory scrutiny as it expands its business[120]. - The company is involved in investigations regarding its contractual parity arrangements, which may be deemed anti-competitive, potentially leading to fines and restrictions on business practices[122]. Economic Factors - Economic and political uncertainties can negatively impact transaction growth rates, cancellation rates, and average daily rates (ADRs)[54]. - The company’s stock price is highly volatile, influenced by market perceptions and operational performance[158]. - The company may face additional tax liabilities due to audits and disputes, which could adversely affect its financial condition and cash flows[107]. - Changes in international tax laws and the introduction of digital services taxes could increase the complexity and costs of tax compliance, impacting the company's results of operations[110].

Financial Results - Booking Holdings Inc. reported its financial results for Q4 2024, with a consolidated statement of operations included in the press release[6] - The press release was issued on February 20, 2025, detailing the earnings for the fourth quarter and the full year ended 2024[8] Balance Sheet - The company’s consolidated balance sheet as of December 31, 2024, is available in the financial and statistical supplement attached to the press release[6]

Financial Data and Key Metrics - Revenue for Q3 2024 was $8 billion, a 9% year-over-year increase, exceeding the high end of guidance by 5 percentage points [7][40] - Adjusted EBITDA grew 12% year-over-year to $3.7 billion, 9% above the high end of prior guidance [6][7][44] - Adjusted EPS increased 16% year-over-year to $83.89, supported by a 6% reduction in average share count [7][44] - Gross bookings grew 9% year-over-year, driven by 8% growth in room nights and 39% growth in airline tickets [7][38] - Marketing expenses increased 6% year-over-year, but as a percentage of gross bookings, it decreased by 15 basis points to 5.0% [41][42] Business Line Performance - Room nights grew 8% year-over-year to just under 300 million, with alternative accommodations growing 14% [7][11][34] - Airline tickets booked increased 39% year-over-year, accelerating from 28% growth in Q2 [17][37] - Rental car days booked grew 16% year-over-year, driven by strong growth at Booking.com [37] - Connected Trip transactions, which include bookings across multiple travel verticals, grew over 40% year-over-year and represented a high single-digit percentage of total transactions [15] Regional Performance - Europe saw high single-digit growth in room nights, driving the sequential increase in global room night growth [8][34] - Asia continued to perform well with low double-digit growth in room nights, representing 24% of global room nights [8][30][34] - The U.S. experienced low single-digit growth in room nights, outpacing the broader U.S. accommodation industry [8][34] Strategic Initiatives and Industry Competition - The company is focused on growing alternative accommodations, advancing its Connected Trip vision, developing AI capabilities, and expanding in Asia [10] - Alternative accommodation listings reached 7.9 million, up 10% year-over-year, contributing to 35% of Booking.com's global room nights [11][34] - AI initiatives, including the AI Trip Planner and Gen AI-powered tools, are being integrated across platforms to improve customer experience and operational efficiency [18][19][20][22][24][25][26] - The company aims to grow faster than the overall travel industry in Asia, which is expected to grow at a high single-digit rate over the next five years [29][30] Management Commentary on Operating Environment and Future Outlook - Management remains optimistic about the resilience of leisure travel demand and the long-term growth of the travel industry [9][31] - The company expects Q4 room night growth between 6% and 8%, with gross bookings growth between 7% and 9% [47][48] - Full-year 2024 revenue growth is expected to be just below 10%, with adjusted EBITDA growth between 13% and 14% [49][51] Other Important Information - The company returned $2 billion in capital through share repurchases and dividends in Q3, reducing its cash and investments balance to $16.3 billion [46] - Fixed expenses grew 7% year-over-year, below expectations due to lower IT and G&A expenses, with a focus on driving operating leverage [43][50] Q&A Session Summary Question: AI's impact on financials and Q4 booking factors [53] - AI is expected to improve customer experience, operational efficiency, and potentially drive more direct traffic, but it is too early to quantify financial impacts [55][56][57] - Q4 bookings are expected to remain robust, with easier comps due to the Middle East conflict last year and a less expanded booking window [59][60][61] Question: Asia's recovery and alternative accommodation mix [64] - Asia's growth is driven by market recovery and strong execution by Agoda, with no single country dominating the region [65][66][67] - The alternative accommodation mix is 35%, with potential for further growth as inventory expands, particularly in the U.S. [68][69][70] Question: Europe's performance and U.S. macro views [72] - Europe saw a reacceleration in growth starting in August, driven by improved demand and the expansion of the booking window [72][73] - The U.S. market remains stable, with the company growing faster than the broader accommodation industry [8][116] Question: Marketing ROI and full-year outlook [76] - Higher ROIs in Q3 were driven by continuous optimization of marketing spend across channels, with social media spend increasing [77][78] - Full-year marketing and merchandising as a percentage of gross bookings are expected to remain flat [78] Question: Fixed investments and long-term margin potential [80] - The company has slowed hiring and is leveraging AI and other efficiencies to drive operating leverage, while reinvesting in growth opportunities [82][83][84] - Long-term margin expansion is expected as fixed investments grow slower than revenue [96][97] Question: Incrementality of alternative accommodations [90] - The company believes its alternative accommodations business has brought in new customers who would not have booked through Booking.com otherwise, particularly in Europe [91][92] Question: Social media as a growth vector [99] - Social media marketing is showing improved ROI, with increased spend contributing to higher incremental ROIs, though it remains a small portion of total marketing spend [100][101][103] Question: U.S. brand awareness and property manager experience [105] - The company is working to simplify the experience for property managers and improve brand awareness in the U.S., with stable growth in room nights [106][107] Question: Gen AI's impact on bookings and Asia partnerships [110] - Gen AI is expected to enhance Booking.com's competitive position by offering personalized experiences, while partnerships in Asia remain a small part of the business [111][112][113] Question: Booking window impact and North America investments [114] - The booking window had a slight benefit on Q3 growth, but the impact was not quantified [115] - Investments in alternative accommodations, brand awareness, and product enhancements are driving growth in North America [116][117]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-36691 Booking Holdings Inc. (Exact name of registrant as specified in its charter) Delaware 06-1528493 (State or other jurisd ...

Exhibit 99.1 BOOKING HOLDINGS rd Booking Holdings Reports Financial Results for 3 Quarter 2024 NORWALK, CT – October 30, 2024. . . Booking Holdings Inc. (NASDAQ: BKNG) (the "Company," "we," "our," or "us") today reported its third quarter 2024 financial results: • Room nights booked increased 8% from the prior-year quarter. • Gross travel bookings, which refers to the total dollar value, generally inclusive of taxes and fees, of all travel services booked by our customers, net of cancellations, were $43.4 b ...

Booking Holdings Inc. (NASDAQ:BKNG) Q2 2024 Earnings Conference Call August 1, 2024 4:30 PM ET Company Participants Glenn Fogel - Chief Executive Officer Ewout Steenbergen - Chief Financial Officer Conference Call Participants Mark Mahaney - Evercore Kevin Kopelman - TD Cowen Justin Post - Bank of America Doug Anmuth - JPMorgan Eric Sheridan - Goldman Sachs James Lee - Mizuho Securities Stephen Ju - UBS Lee Horowitz - Deutsche Bank. John Colantuoni - Jefferies Naved Khan - B. Riley Securities Operator Welco ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-36691 Booking Holdings Inc. (Exact name of registrant as specified in its charter) Delaware 06-1528493 (State or other jurisdictio ...

Exhibit 99.1 nd Booking Holdings Reports Financial Results for 2 Quarter 2024 NORWALK, CT – August 1, 2024. . . Booking Holdings Inc. (NASDAQ: BKNG) (the "Company," "we," "our," or "us") today reported its second quarter 2024 financial results: • Room nights booked increased 7% from the prior-year quarter. • Gross travel bookings, which refers to the total dollar value, generally inclusive of taxes and fees, of all travel services booked by our customers, net of cancellations, were $41.4 billion, an increas ...

Booking Holdings Inc. (BKNG) is scheduled to report its second-quarter 2024 results on Aug 1. For the second quarter, the Zacks Consensus Estimate for revenues is pegged at $5.78 billion, suggesting growth of 5.8% from the year-ago quarter's reported figure. The consensus mark for earnings is pegged at $39.22 per share, indicating a rise of 4.3% from the year-ago quarter's reported number. The consensus mark has remained unchanged in the past 30 days. The company's earnings beat estimates in all the trailin ...