OpenTable has unveiled 'Concierge,' an innovative AI-driven assistant, aimed at enhancing the dining experience for its users. This tool provides quick access to information on over 60,000 restaurants within the platform's network. By investing in AI technology, OpenTable seeks to better support both restaurants and diners through this new feature.
'Concierge' functions as a knowledgeable guide, offering recommendations on various aspects, from transportation options to menu suggestions and dining expectations. It caters to dietary preferences and restrictions, aiming to make dining decisions more straightforward and assured. Integrated into each restaurant's profile, the assistant is designed to facilitate a seamless experience.
The future capabilities of 'Concierge' include the ability to make reservations on behalf of diners. This tool addresses the needs of diners and restaurants, potentially increasing reservation bookings through improved user confidence and decision-making. OpenTable continues to innovate in the dining industry by leveraging AI to enhance service offerings.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 35 analysts, the average target price for Booking Holdings Inc (BKNG, Financial) is $5,580.67 with a high estimate of $6,500.00 and a low estimate of $4,000.00. The average target implies an downside of 3.21% from the current price of $5,766.04. More detailed estimate data can be found on the Booking Holdings Inc (BKNG) Forecast page.
Based on the consensus recommendation from 40 brokerage firms, Booking Holdings Inc's (BKNG, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Booking Holdings Inc (BKNG, Financial) in one year is $5015.31, suggesting a downside of 13.02% from the current price of $5766.04. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Booking Holdings Inc (BKNG) Summary page.
BKNG Key Business Developments
Release Date: April 29, 2025
- Revenue: $4.8 billion, an 8% year-over-year increase.
- Adjusted EBITDA: Approximately $1.1 billion, a 21% year-over-year increase.
- Adjusted Earnings Per Share (EPS): $24.81, a 22% year-over-year increase.
- Room Nights: 319 million, over 7% year-over-year growth.
- Alternative Accommodations Room Night Growth: 12% year-over-year.
- Gross Bookings: Increased 7% year-over-year, or about 10% on a constant currency basis.
- Cash and Investments: $16.1 billion at the end of the first quarter.
- Free Cash Flow: Approximately $3.2 billion generated in the quarter.
- Airline Tickets Booked: Over 16 million, a 45% year-over-year increase.
- Attraction Tickets Growth: 92% year-over-year increase.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Booking Holdings Inc (BKNG, Financial) reported a strong start to 2025 with room nights exceeding 300 million for the first time in a single quarter, growing over 7% year over year.
- First quarter revenue of $4.8 billion grew 8% year over year, and adjusted EBITDA increased 21% year over year, both exceeding the high end of prior guidance ranges.
- The company is making significant progress in integrating AI technology across its platforms, enhancing both partner and traveler experiences.
- Booking Holdings Inc (BKNG) saw a 12% growth in alternative accommodations room nights, with listings reaching 8.1 million, indicating strong demand in this segment.
- The Genius loyalty program continues to expand, with over 30% of active travelers in higher tiers, leading to higher direct booking rates and booking frequency.
Negative Points
- There is geopolitical and macroeconomic uncertainty, which could impact consumer demand and travel patterns.
- The US market showed some signs of weakness, with a decrease in length of stay and a shift in travel patterns, indicating cautious consumer spending.
- Marketing expenses increased by 10% year over year, and the company is experiencing lower ROIs in some performance marketing channels.
- The company widened its full-year guidance range due to uncertainties in the geopolitical and macroeconomic environment.
- Despite strong growth in attractions and flights, these segments are still developing and contribute minimally to the overall financial impact.
