Headquartered in Norwalk, Connecticut, Booking Holdings Inc. (BKNG) has grown into one of the world’s largest online travel service providers. With a market cap of $166.3 billion, the company manages a portfolio of prominent brands, including Booking.com, Priceline, Agoda, and Kayak, that collectively serve travelers in over 220 countries and territories. The booking company is set to report its third-quarter earnings after market close on Tuesday, Oct. 28. Ahead of the event, analysts expect BKNG to repo ...

Core Insights - Loomis Sayles Global Growth Fund achieved a return of 16.61% in Q2 2025, outperforming the MSCI ACWI Index Net which returned 11.53% [1] - The fund focuses on investing in high-quality businesses with sustainable competitive advantages, particularly those trading at significant discounts to their intrinsic value [1] Company Overview: Trip.com Group Limited - Trip.com Group Limited (NASDAQ:TCOM) is a leading travel service provider, offering accommodation reservations, transportation ticketing, packaged tours, and corporate travel management [2][3] - The company reported a one-month return of 3.24% and a 52-week gain of 28.12%, with its stock closing at $76.14 on September 29, 2025, and a market capitalization of $49.765 billion [2] - Trip.com Group generates over 85% of its revenue from China, while providing services in 24 languages and 35 local currencies, and operates under various brands including Ctrip, Qunar, and Skyscanner [3]

Booking Holdings Inc. (NASDAQ:BKNG) is one of the best beginner stocks to buy, according to analysts. On September 11 at the Goldman Sachs Communicopia + Technology Conference 2025, the company affirmed plans to expand its footprint as it also seeks to enhance customer experiences through technology. Booking Holdings Inc. (BKNG) Taps AI Innovation to Enhance Booking Experiences Rawpixel.com/Shutterstock.com Part of the plan entails leveraging artificial intelligence to enable personalized travel plannin ...

Group 1 - Trip.com Group Limited Sponsored ADR (TCOM) has reached an important support level and is considered a good stock pick from a technical perspective [1] - TCOM recently experienced a "golden cross," where its 50-day simple moving average broke above its 200-day simple moving average, indicating a potential bullish breakout [1][2] - The stock has seen a price increase of 22% over the past four weeks, and it currently holds a 2 (Buy) rating on the Zacks Rank, suggesting a potential breakout [4] Group 2 - A golden cross consists of three stages: a downtrend that bottoms out, a crossover of the shorter moving average above the longer moving average, and continued upward momentum [3] - The positive earnings outlook for TCOM further supports the bullish case, with three earnings revisions higher and no downward revisions in the past two months [4] - Investors are encouraged to consider adding TCOM to their watchlist due to the significant technical indicator and positive earnings estimate movement [6]

Summary of Trip.com Group Ltd Conference Call Company Overview - **Company**: Trip.com Group Ltd (TCOM) - **Industry**: China Internet and Other Services - **Market Cap**: US$45.843 billion - **Stock Rating**: Overweight - **Price Target**: US$78.00, representing a 19% upside from the closing price of US$65.29 on August 27, 2025 Key Financial Highlights - **2Q25 Net Revenue**: Increased by 16% YoY to Rmb14.8 billion, 2% above Morgan Stanley estimates [2][3] - **Non-GAAP Operating Profit**: Rose by 10% YoY to Rmb4.7 billion, exceeding estimates by 10% [2][3] - **Adjusted Net Profit**: Increased by 1% YoY, also 10% above estimates [3] - **Operating Margin**: 31.4%, surpassing guidance of 29.1% [2][3] - **Share Repurchase Program**: New program approved for US$5 billion, approximately 11.7% of market cap [3] Segment Performance - **Accommodation Reservations**: Up 21% YoY to Rmb6.225 billion, 12% QoQ growth [3] - **Transportation Ticketing**: Increased by 11% YoY to Rmb5.397 billion, flat QoQ [3] - **Packaged Tours**: Decreased by 8% YoY to Rmb947 million [3] - **Corporate Travel**: Slight decline of 1% YoY to Rmb692 million [3] - **Others**: Grew by 31% YoY to Rmb1.471 billion [3] Market Outlook - **3Q25 Outlook**: Market focus expected to shift due to weak travel data during the summer holiday [3] - **Risks to Upside**: Potential rebound in macroeconomic growth and recovery in outbound travel [9] - **Risks to Downside**: Increased competition from Tongcheng Travel and Meituan, pandemic uncertainties, and macroeconomic slowdown [9] Valuation and Financial Metrics - **WACC**: 10.5%, aligned with lower bound of China Internet WACCs [8] - **Terminal Growth Rate**: 3%, aligned with long-term GDP growth target [8] - **Projected Revenue Growth**: Expected to reach Rmb61.245 billion in FY25 [4] - **Projected EPS**: Expected to be Rmb24.50 in FY25 [4] Additional Insights - **Gross Margin**: 81.0%, with slight fluctuations noted [3] - **Operating Income**: Increased by 15% YoY to Rmb4.102 billion [3] - **Net Income to Shareholders**: Increased by 76% YoY to Rmb4.846 billion [3] - **Diluted EPS**: Rmb6.97 for 2Q25, reflecting a 45% increase YoY [3] This summary encapsulates the key points from the conference call, highlighting the financial performance, market outlook, and strategic initiatives of Trip.com Group Ltd.

Booking Holdings Inc. BKNG experienced a Power Inflow today, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. Today, at 10:34 AM on August 21st, a significant trading signal occurred for Booking Holdings Inc., (BKNG) as it demonstrated a Power Inflow at a price of $5639.53. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of util ...

Core Viewpoint - Trip.com Group Limited is set to announce its financial results for the three and six months ending June 30, 2025, on August 27, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results will be disclosed after market hours on August 27, 2025, U.S. Time [1] - The management team will host a conference call at 8:00 PM U.S. Eastern Time on the same day [2] - The conference call will be available via live webcast and will be archived for twelve months [2] Group 2: Conference Call Registration - Participants must pre-register to join the conference call using a provided registration link [3] - Upon registration, participants will receive details including dial-in numbers and a unique access PIN [3] Group 3: Company Overview - Trip.com Group Limited is a leading global one-stop travel platform, offering a comprehensive suite of travel products and services [4] - The company operates under various brands, including Ctrip, Qunar, Trip.com, and Skyscanner, and aims to provide cost-effective travel solutions [4] - Founded in 1999, the company was listed on Nasdaq in 2003 and on HKEX in 2021, with a mission to pursue the perfect trip for a better world [4]

Core Insights - Booking Holdings will release its second quarter 2025 financial results on July 29 at approximately 4:00 p.m. ET [1] - A conference call to discuss these results is scheduled for July 29 at 4:30 p.m. ET, which will be webcast and available for audio replay for seven days [2] Company Overview - Booking Holdings is the leading provider of online travel and related services, operating in over 220 countries and territories through five main consumer-facing brands: Booking.com, Priceline, Agoda, KAYAK, and OpenTable [2]

Financial Data and Key Metrics Changes - Travelzoo's consolidated Q2 revenue was $23.9 million, up 13% from the prior year, and $23.5 million in constant currencies, up 12% from the prior year [5] - Operating income decreased to $2.1 million or 9% of revenue, down from $4 million in the prior year [5] - Non-GAAP operating profit for Q2 was $2.4 million, or 10% of revenue, compared to $4.8 million in the prior year [12] Business Line Data and Key Metrics Changes - Revenue from Jack's Flight Club increased by 33% [10] - Advertising and commerce revenue was $20.9 million for Q2, while membership fees increased to $3 million, expected to account for about 25% of revenue next year [10] Market Data and Key Metrics Changes - Member acquisition costs increased from $28 in Q1 to $38 in Q2 [6] - The company invested heavily in the UK market due to favorable ROI on member acquisition [9] Company Strategy and Development Direction - The company aims to grow the number of paying members and accelerate revenue growth by converting legacy members and adding new club members [22] - Travelzoo plans to leverage its global reach and trusted brand to negotiate more club offers for members [16] Management Comments on Operating Environment and Future Outlook - Management expects revenue growth to continue in Q3 2025 and accelerate in subsequent quarters as membership fees revenue is recognized ratably over the subscription period [13] - The company acknowledges potential fluctuations in reported net income but anticipates substantial increases in profitability over time [13] Other Important Information - As of June 30, 2025, consolidated cash and cash equivalents were $11.2 million, with cash flow from operations at $1.3 million [13] - The company repurchased 172,088 shares during the quarter [13] Q&A Session Summary Question: Understanding profitability dynamics going forward - Management explained that profitability will improve as revenue from previously acquired members contributes without incurring new acquisition costs for those cohorts [24] Question: Pace of club offers - Management indicated that new club offers are released several times a week, not limited to monthly or quarterly [25] Question: Addressing cost of revenues - Management noted that increased costs were due to purchasing distressed inventory, which allowed for strong club offers [30] Question: Normalization of costs in the second half of the year - Management stated that future costs depend on market opportunities, particularly in a weaker travel demand environment [31] Question: Focus on acquiring subscribers in Europe - Management clarified that while there was a focus on the UK, member acquisition was strong in North America as well [35] Question: Premium subscription level prospects - Management is not currently considering a premium subscription tier but will evaluate the membership fee for potential increases in 2026 [38] Question: Travel industry conditions - Management observed that both North America and Europe are experiencing lower demand, but affluent members are not trading down in spending [54]

Financial Performance - Travelzoo reported consolidated revenue of $23.9 million for Q2 2025, representing a 13% increase from $21.1 million in the same period last year [1] - Net income attributable to Travelzoo was $1.4 million, or $0.12 per share, compared to $0.23 per share in the prior-year period [3] - Non-GAAP operating profit was $2.4 million, excluding certain expenses [3][24] Segment Performance - North America business segment revenue increased by 14% year-over-year to $16.1 million, with an operating profit of $2.8 million [5] - Europe business segment revenue rose by 7% year-over-year to $6.4 million, but reported an operating loss of $883,000 due to increased member acquisition costs [6] - Jack's Flight Club, in which Travelzoo holds a 60% ownership, saw revenue increase by 33% year-over-year to $1.4 million, with a shift from an operating loss to a profit of $156,000 [7] Membership and Marketing Strategy - The company invested significantly in acquiring new Club Members, expecting a positive return on investment within the quarter [2] - Membership fees revenue is recognized ratably over a 12-month subscription period, impacting earnings per share [2] - Travelzoo aims to leverage its global reach and relationships with travel suppliers to negotiate more offers for Club Members [4] Cash Flow and Balance Sheet - Cash flow from operations was reported at $1.3 million [12] - As of June 30, 2025, cash, cash equivalents, and restricted cash totaled $11.2 million [12] - Deferred revenue is expected to continue increasing as membership fees are recognized over time [12] Future Outlook - For Q3 2025, Travelzoo anticipates continued year-over-year revenue growth, with expectations for accelerated growth in subsequent quarters [14] - The company expects profitability to increase over time as recurring membership fees are recognized [14] - Travelzoo is seeing a transition of Legacy Members to Club Members, which is expected to enhance revenue streams [15]