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 ...

Booking Holdings to Make Fourth Quarter and Full Year 2025 Earnings Press Release Available on Company's Investor Relations Website on February 18 [Accessibility Statement] Skip NavigationNORWALK, Conn., Feb. 17, 2026 /PRNewswire/ -- Fourth quarter and full year 2025 financial results for Booking Holdings (NASDAQ: BKNG) will be made available at approximately 4:00 p.m. ET on February 18 through a press release posted to the company's Investor Relations website: [http://ir.bookingholdings.com].Booking Holdin ...

Amazon - Amazon is a dominant player in e-commerce and cloud computing, benefiting long-term shareholders through innovation and multiple revenue streams [3][8] - The company's online retail business has a competitive advantage due to its extensive infrastructure and same-day delivery capabilities, with its AI-powered shopping assistant reaching 250 million active users and projected to generate $10 billion in incremental annualized sales by 2025 [4][6] - Amazon's advertising revenue has an annual run rate of $85 billion, with a 22% year-over-year increase in the fourth quarter, positioning the company to benefit from the shift of ad spending to digital platforms [6] - Amazon Web Services (AWS) is a key growth driver, with a 24% year-over-year revenue increase in the fourth quarter, contributing to approximately half of Amazon's profits [7] - Analysts project Amazon's earnings per share to grow at an annualized rate of 17% in the coming years, indicating strong prospects for the business [8] Booking Holdings - Booking Holdings operates several well-known travel platforms, including Booking.com and Priceline, and has built a competitive advantage through loyalty rewards and its Connected Trips initiative [9] - The company reported 323 million room nights in the third quarter, an 8% year-over-year increase, leading to a 13% rise in revenue and a 19% increase in adjusted earnings per share [11] - Management targets 8% annual growth in gross bookings and revenue, aiming for a 15% rise in adjusted earnings, while investing in AI capabilities for personalized recommendations [12] - With a consistent operating history and prospects for double-digit earnings growth, Booking Holdings is positioned as a strong investment in the growing travel industry [13]

Group 1 - Whales have adopted a bearish stance on Booking Holdings, with 52% of trades being bearish and only 22% bullish, indicating a cautious outlook among large investors [1] - The total volume of options trades includes 22 puts amounting to $1,688,051 and 48 calls totaling $2,867,634, reflecting a significant interest in both directions [1] - Major market movers are focusing on a price band between $3,800.0 and $8,200.0 for Booking Holdings over the last three months, suggesting a range of expected price movements [2] Group 2 - Analyzing volume and open interest is crucial for understanding the liquidity and interest in Booking Holdings' options, particularly within the identified price range [3] - Booking Holdings is the largest online travel agency globally, providing a wide array of booking services, with transaction fees being the primary source of revenue [4] - Recent expert ratings suggest an average target price of $6,039.8 for Booking Holdings, indicating a potential upside from current levels [6] Group 3 - The current stock price of Booking Holdings is $5,065.0, reflecting a decline of 6.5%, with trading volume at 213,233 [7] - RSI indicators suggest that the stock is currently in a neutral position, neither overbought nor oversold, which may influence trading strategies [7] - Upcoming earnings are expected to be released in 15 days, which could impact market sentiment and trading activity [7]

Group 1 - Booking Holdings plans to hold a conference call to discuss its fourth quarter and full year 2025 financial results on February 18, 2026, at 4:30 p.m. ET [1] - The financial results will be posted on the company's Investor Relations website at approximately 4:00 p.m. ET on the same day [2] - Booking Holdings is the leading provider of online travel and related services, operating in over 220 countries and territories through brands such as Booking.com, Priceline, Agoda, KAYAK, and OpenTable [2]

Core Insights - Booking Holdings Inc. (BKNG) has a market capitalization of $164.9 billion and operates major brands like Booking.com, Priceline, Agoda, KAYAK, and OpenTable, providing services in accommodation, transportation, activities, and dining reservations [1] Financial Performance - The company is expected to announce its fiscal Q4 2025 results soon, with analysts predicting an adjusted EPS of $48.59, reflecting a 16.9% increase from $41.55 in the same quarter last year [2] - For fiscal 2025, analysts forecast an adjusted EPS of $226.86, which represents a growth of 21.3% from $187.10 in fiscal 2024 [3] - Booking Holdings reported a stronger-than-expected Q3 2025 adjusted EPS of $99.50, with revenue reaching $9.01 billion, surpassing Wall Street expectations due to steady travel demand and increased bundling of reservations [5] Stock Performance - Over the past 52 weeks, shares of Booking Holdings have increased by 5.2%, underperforming the S&P 500 Index's return of 16.9% and the State Street Consumer Discretionary Select Sector SPDR ETF's gain of 8.2% [4] - Analysts maintain a cautiously optimistic consensus on BKNG stock, with a "Moderate Buy" rating; among 37 analysts, 24 recommend "Strong Buy," 2 suggest "Moderate Buy," and 11 indicate "Hold" [6] - The average analyst price target for Booking Holdings is $6,179.14, indicating a potential upside of 20.8% from current levels [6]

Group 1 - Deep-pocketed investors are showing a bullish approach towards Booking Holdings, indicating potential significant developments ahead [1] - Recent options activity for Booking Holdings has been unusually high, with 22 notable options trades observed, reflecting a divided sentiment among investors, with 31% bullish and 31% bearish [2] - The major market movers are focusing on a price range between $2800.0 and $6000.0 for Booking Holdings over the last three months [3] Group 2 - An analysis of volume and open interest reveals insights into the liquidity and interest for Booking Holdings' options, particularly within the strike price range of $2800.0 to $6000.0 over the past 30 days [4] - Recent options activity includes various trades, with notable puts and calls reflecting mixed sentiments among investors [7] - Professional analysts have set an average price target of $6019.0 for Booking Holdings, with some analysts adjusting their ratings and targets, indicating a range of $6250 to $6400 [10][12] Group 3 - Booking Holdings is recognized as the world's largest online travel agency by sales, providing a wide array of booking and payment services across various travel-related sectors [8] - The company generates most of its revenue and profits from transaction fees associated with online bookings [8] - The next earnings report for Booking Holdings is anticipated in 44 days, with current trading activity showing a slight decline of -0.23% at a price of $5355.0 [11]

Core Insights - Investors are showing a bullish stance on Booking Holdings (NASDAQ:BKNG), with significant options trading activity indicating potential market movements [1][2] - The overall sentiment among large traders is mixed, with 45% bullish and 36% bearish positions noted [3] Options Trading Activity - A total of 11 uncommon options trades were identified for Booking Holdings, with 7 puts totaling $352,130 and 4 calls totaling $192,590 [2][3] - The targeted price range for Booking Holdings over the last three months is between $5000.0 and $5350.0, based on volume and open interest analysis [4] Volume and Open Interest Analysis - The analysis of volume and open interest provides insights into liquidity and investor interest in Booking Holdings' options, particularly within the strike price range of $5000.0 to $5350.0 over the past 30 days [5] Analyst Ratings and Price Targets - Professional analysts have set an average price target of $6083.33 for Booking Holdings, with recent ratings reflecting a mix of upgrades and downgrades [11][12] - Notable analyst actions include a downgrade to Buy with a new price target of $6250 from BTIG, and upgrades to Buy with a price target of $6000 from B of A Securities and to Outperform with a price target of $6000 from Wedbush [12] Company Overview - Booking Holdings is the largest online travel agency globally, providing a wide range of booking and payment services across various travel-related sectors [10]

Core Insights - Booking Holdings Inc. is the world's leading provider of online travel and related services, with a market cap of $158.1 billion and operations in over 220 countries and territories [1][2] Company Performance - Booking's stock has dropped 15.9% from its all-time high of $5,839.41 on July 8, and has declined 13.9% over the past three months, underperforming the Amplify Travel Tech ETF's 7.9% decline during the same period [3] - Year-to-date, BKNG stock has dipped 1.1% and has declined 5.8% over the past 52 weeks, compared to the ETF's 5.6% decline in 2025 and 7.6% over the past year [4] - Following the release of Q3 results on October 28, which showed room nights growth of 8% and gross bookings surge of 14%, net revenues increased 12.7% year-over-year to $9 billion, beating expectations by 3.1% [5] Competitive Landscape - Booking has significantly lagged behind its peer Expedia Group, Inc., which saw a 38.3% surge over the past year [6]