Booking Holdings stock weighs strong Q3 against softer outlook

Booking Holdings reported stronger third-quarter operating performance on November 3, 2026, but pointed to slower travel growth in the final quarter of the year. The company said gross bookings and adjusted earnings advanced despite softer international demand and several external disruptions.

According to the Booking Holdings financial release published through MarketScreener, room nights increased 7 percent year over year to 345 million in the quarter ended September 30. Gross bookings rose 10 percent to 54.5 billion US dollars, while adjusted revenue grew 9 percent to 9.8 billion US dollars.

Reported revenue declined 1 percent to 8.9 billion US dollars. Booking said a 900 million US dollar reduction related to an FTC matter affected reported revenue; the item was excluded from adjusted revenue, adjusted net income and adjusted EBITDA. Adjusted net income increased 8 percent to 3.5 billion US dollars, adjusted EBITDA rose 9 percent to 4.6 billion US dollars and adjusted EPS gained 17 percent to 4.66 US dollars.

Travel Demand Sets A Lower Bar

Booking said global travel demand moderated toward the end of the third quarter, with international trends weakening while domestic travel remained resilient. The company also cited disruptions affecting travel to and from the Middle East, higher airfares linked to the conflict and localized unrest in some European cities.

For the fourth quarter, Booking expects room nights to grow 1 percent to 3 percent and gross bookings to rise 2 percent to 4 percent. Adjusted revenue is forecast to increase 0 percent to 2 percent, while adjusted EBITDA is expected to remain about flat year over year. The guidance assumes that the direct and indirect effects of the Middle East conflict persist through the end of 2026.

For the full year, management maintained its outlook for high-single-digit growth in gross bookings, adjusted revenue and adjusted EBITDA. Adjusted EPS is still expected to rise in the low- to mid-teens. The contrast between resilient third-quarter bookings and the more cautious near-term forecast leaves the outlook and international demand as key issues for investors.

AI Remains A Strategic Focus

Chief Executive Officer Glenn Fogel said the company was integrating artificial intelligence across its brands, developing AI-native travel experiences and working with external AI platforms. The company also highlighted its Connected Trip and Genius products as longer-term growth priorities.

Booking repurchased 2.1 billion US dollars of common stock during the quarter and had 12.4 billion US dollars remaining under its authorization at September 30. The board also declared a quarterly dividend of 0.42 US dollars per share, payable December 31 to shareholders of record on December 11.

Booking Holdings stock traded at 144.80 euros on Lang & Schwarz at 12:51 CET on Monday, November 9, 2026. Investors can follow the real-time quote of Booking Holdings stock.

Booking Holdings trading details

• Company: Booking Holdings Inc.
• ISIN: US09857L1089
• Ticker: BKNG
• Home exchange: Nasdaq
• Lang & Schwarz quote: 144.80 euros on Monday, November 9, 2026, at 12:51 CET

Broader trading was shaped by the S&P 500 market environment as investors weighed travel demand, geopolitical risks and expectations for the final quarter.

Booking is scheduled to report its fourth-quarter results in February. Further developments can be followed in more news and analyses on Booking Holdings stock.