Booking Holdings Inc

BKNG: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Booking Earnings: Travel Demand Persists, Strengthening Its Network Expertise; Shares Fairly Valued

Dan Wasiolek

Oct 29, 2025

Booking Holdings' third-quarter bookings increased 14%, above our 13% estimate, driven by strength in Asia markets and the alternative accommodation vertical. EBITDA rose 15%, as marketing rose just 9% to 4.7% of total bookings.

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Booking Holdings Inc

Booking Earnings: Travel Demand Persists, Strengthening Its Network Expertise; Shares Fairly Valued

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