Booking Holdings Q2 results top estimates as travel demand remains resilient

Booking Holdings Inc (NASDAQ:BKNG, XETRA:PCE1) shares roseate 6% Wednesday aft the online question institution reported second-quarter results that topped Wall Street expectations, with continued question request supporting maturation crossed cardinal metrics.

Booking Holdings reported adjusted net per stock of $2.54, supra estimates of $2.43 to $2.45, portion gross reached $7.35 billion, topping the $7.19 cardinal consensus. Gross bookings came successful astatine $51 billion, compared with expectations of $49.4 billion, portion country nights sold reached 325 cardinal versus an estimated 320.5 million.

Room nights accrued 5% twelvemonth implicit year, portion gross bookings roseate 9%, oregon astir 8% connected a constant-currency basis. Revenue grew 8%, oregon astir 7% connected a constant-currency basis. Adjusted EBITDA accrued 9% to $2.6 billion, portion adjusted nett income roseate 8% to $2 billion.

GAAP nett income much than doubled to $2 billion, up 118% from the year-ago quarter, portion GAAP net per stock accrued 131% to $2.53.

Booking Holdings besides raised its expected yearly run-rate savings from its Transformation Program to astir $650 million, with the institution expecting to recognize those savings by the extremity of 2027.

"Despite continued geopolitical and macroeconomic uncertainty during the 2nd quarter, the underlying tendency to question remained resilient, and we are pleased with our results, which bespeak the spot of our planetary level and the disciplined execution of our teams," Glenn Fogel, main enforcement serviceman of Booking Holdings, said.

For the 3rd quarter, Booking expects country nights maturation of 3% to 5%, gross bookings maturation of 4% to 6% and gross maturation of 4% to 6%. Adjusted EBITDA is expected to turn 4% to 6%, portion adjusted EPS maturation is forecast successful the low- to mid-teens.

The institution expects full-year 2026 gross bookings and adjusted EBITDA to turn astatine high-single-digit rates, with gross maturation successful the mid- to high-single digits.

Booking Holdings noted that question request has remained resilient entering the 3rd quarter, peculiarly for home travel, portion it continues to show the interaction of the struggle successful the Middle East connected formation prices, capableness and planetary question demand.