Q1 2026 Booking Holdings Inc Earnings Call Transcript
Key Points
- Booking Holdings Inc (BKNG) reported a 15% year-over-year growth in gross bookings, reaching $53.8 billion.
- The company achieved a 16% increase in revenue, totaling $5.5 billion, and a 19% rise in adjusted EBITDA to approximately $1.3 billion.
- The US market showed strong performance with room night growth accelerating for the fourth consecutive quarter to the low teens, driven by strong domestic demand.
- Booking Holdings Inc (BKNG) completed a record $3.6 billion in share repurchases in the first quarter, reflecting confidence in its long-term growth strategy.
- The company is making significant advancements in AI capabilities, enhancing customer experience and operational efficiency across its brands.
- The ongoing Middle East conflict impacted room night growth by approximately 2 percentage points, affecting overall performance.
- The conflict led to elevated cancellations and a moderation in new bookings, particularly impacting transit corridors between Europe and Asia.
- Adjusted EPS growth was lower than adjusted EBITDA growth due to a higher tax rate from discrete items.
- The company anticipates continued impact from the Middle East conflict into the second quarter, with an estimated three-point headwind on room night growth.
- There is uncertainty regarding the broader economic impact of geopolitical tensions, including potential inflationary pressures and fluctuations in travel demand.
Welcome to Booking Holdings first quarter 2026 conference call. Booking Holdings would like to remind everyone that this call may contain forward-looking statements which are made pursuant to the safe harbor provisions of the Privacy Securities Litigation Reform Act of 1995.
These forward-looking statements are not guaranteed of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual results may differ materially from those expressed, implied or forecasted any such forward-looking statements.
Expressions of future goals or expectations and similar expressions reflecting something other than the historical fact are intended to identify forward-looking statements. For a list of factors that could cause Booking Holdings' actual results to differ materially from those described in the forward-looking statements, please refer to the safe harbor statement in Booking Holdings' earnings press release as well as Booking Holdings' most recent filings with the Securities and Exchange Commission.
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