THIS IS "THE CLOSE." ROMAINE: STOCKS GETTING SOME OF THEIR MOJO BACK. I'M ROMAINE BOSTICK. >> I'M KATIE GREIFELD.WE ARE KICKING OFF TO THE CLOSING BELL. SOME MOJO. THAT IS HIGHER THAN WHERE WE FINISH THE DAY.CONSIDER WE WERE A LITTLE BIT HIGHER SO IT LITTLE BIT OF AN ENTHUSIASM DRAIN, LEADING THE WAY. IT IS HIGHER BY ABOUT TWO BASIS POINTS. IT WAS A LITTLE BIT MORE HAWKISH THAN SOMEWHERE EXPECTING.AND BITCOIN BITCOIN DOWN ABOUT 2%. ROMAINE: WE WILL TALK ABOUT WHY WE ARE SEEING WEAKNESS IN STOCKS. A MAJOR DR ...

Market Overview - Major U.S. indices showed a rebound with the S&P 500 up approximately 0.6%, the Dow up about 0.3%, and the Nasdaq composite up around 0.8% [6] - The trading day ended with a total of 317 stocks advancing and 185 declining, indicating a generally positive market sentiment [7] Booking Holdings - Booking Holdings reported earnings per share (EPS) of $48.80, aligning closely with street estimates, and revenue of $6.35 billion, slightly above the expected $6.13 billion [8][9] - Gross bookings reached $43 billion, surpassing the anticipated $41.99 billion, but the stock saw limited movement post-announcement [9] - The company’s CEO emphasized the focus on generative AI as an opportunity rather than a threat, aiming to enhance value for travelers and partners [11][12] - Booking Holdings anticipates first-quarter room nights to increase by 5% to 7% and gross bookings growth in the low double digits, with a forecast of 14% to 16% growth for the first quarter [13] Avis Budget - Avis Budget reported a revenue miss of $2.66 billion against expectations of $2.74 billion, resulting in a net loss attributed to a $518 million asset impairment [15] - The company noted a 21% decrease in per unit fleet costs but provided a full-year adjusted EBITDA forecast of $800 million to $1 billion, with the upper end below street estimates [15] Omnicom - Omnicom's fourth-quarter revenue was reported at $5.5 billion, exceeding the street estimate of $4.52 billion, although adjusted EPS was slightly below expectations at $2.59 [17] Cadence Design Systems - Cadence Design Systems experienced a significant stock increase of approximately 7.6% after reporting fourth-quarter results that beat expectations and provided a positive outlook [18] Wingstop - Wingstop shares rose about 10% after reporting adjusted EPS and domestic comp sales growth for the fourth quarter that exceeded consensus estimates, despite concerns about consumer spending [20] DoorDash - DoorDash's fourth-quarter EPS was reported at $0.48, missing estimates of $0.55, with revenue also falling short of expectations for the first quarter [21][22] eBay - eBay's fourth-quarter net revenue was $2.97 billion, surpassing estimates of $2.87 billion, and the company announced plans to acquire Depop from Etsy for approximately $1.625 billion [23][25] Molson Coors - Molson Coors reported net sales of $2.66 billion, slightly below analyst estimates, but underlying EPS beat expectations at $1.21 per share [26] - Year-over-year net sales declined by about 3%, reflecting ongoing challenges in the beer market [27] Carvana - Carvana's fourth-quarter adjusted EBITDA was reported at $511 million, missing the street estimate of $535.7 million, while revenue was $5.6 billion, exceeding expectations [28]

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here with Katie Greipel taking you through to that closing bell with the global simulcast Carol Massar and Tim Stenovec pop up on the screen. Welcome to our audiences across all of our Bloomberg platforms.That's television, that's radio. That's our partnership with YouTube passing the most crucial moments of the day. Carol Massar Yes, we had a little bit of a rebound rally here on the day, some of the gains being given back ...

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%. ...

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 ...