Booking Holdings Inc

BKNG: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Booking Holdings Earnings: Network Continues to Strengthen Amid Resilient Demand; Shares Overvalued

Dan Wasiolek

Jul 30, 2025

Booking's reservations increased 13%, ahead of its guidance for 10%-12% growth, led by room nights lifting 8% (4%-6%) and a 4-percentage-point currency benefit. Adjusted EBITDA was up 28% (13%-16%) on fixed and marketing cost leverage.

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Booking Holdings Inc

Booking Holdings Earnings: Network Continues to Strengthen Amid Resilient Demand; Shares Overvalued

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