Booking Holdings Reports Q3 Growth Amidst Legal Charges and Softened Q4 Guidance
Booking Holdings (BKNG) reported third-quarter adjusted revenue growth of 9%, reaching $9.8 billion, despite a decline in GAAP revenue due to a $900 million legal charge related to an FTC matter. While core metrics like room nights grew by 7% year-over-year, the company issued cautious guidance for the fourth quarter, projecting adjusted EBITDA to remain roughly flat and room night growth to slow significantly to between 1% and 3%. The slowdown is attributed to geopolitical disruptions in the Middle East and softening international travel demand. Although aggressive share buybacks helped boost adjusted earnings per share by 17%, investors are closely monitoring the impact of rising fixed costs and the potential for further legal expenses related to regulatory scrutiny.
Tickers: $BKNG
Topics: earnings report guidance legal charge revenue growth stock buybacks
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