Booking Holdings Inc. (BKNG) Earnings Call Transcripts

Booking Holdings Inc.'s Latest Earnings Call - Q2 FY2026

In Q2 2026, Booking Holdings Inc. reported strong financial results, exceeding the high end of guidance across all key metrics. Revenue increased by 8% year-over-year to approximately $5.2 billion, while adjusted EBITDA grew 9% to $2.6 billion. Management has lowered guidance for gross bookings growth to the high single digits for the full year, primarily due to lower flight ticket growth, while maintaining a focus on long-term strategic investments, particularly in AI and the Connected Trip initiative.

Reported metrics

Guidance from management

Management lowered the full-year guidance for gross bookings growth to high single digits, primarily due to lower flight ticket growth, while maintaining revenue and adjusted EBITDA growth expectations in the mid-teens for EPS.

What management said

And even with that, we're still very pleased with the growth of our Connected Trip, that low double-digit number, the percentage of our total transactions in the low double digits. These are still very good numbers even with this incredible exogenous impact of the Middle East war.

And Lloyd, if I just may clarify one additional thing because you also made a comment about that you didn't believe we talked about SEO before. Yes, we did. Last quarter, we also talked about it. And again, just to emphasize, it's a very small component of our overall direct mix, and we see some slight headwinds, but the overall direct channel is growing in absolute numbers. So although that the ratio of direct mix i...

What analysts pressed on

Analysts expressed concerns about the impact of the Middle East conflict on travel demand and the deceleration in air travel bookings. There were also questions regarding the effectiveness of AI initiatives in improving conversion rates and customer satisfaction, with management indicating that it is still early to quantify these impacts.

Main topics on the call

• Revenue Growth and Guidance — Booking Holdings reported revenue of approximately $5.2 billion, an 8% increase year-over-year, exceeding guidance. Management stated, "We expect third quarter room nights to increase between 3% and 5% and for gross book...
• Impact of Middle East Conflict — The ongoing conflict in the Middle East has created volatility in travel demand, particularly affecting long-haul international travel. Glenn Fogel noted, "While long-haul international travel remained pressured by eleva...
• Connected Trip Initiative — Connected Trip transactions grew in the low double-digit range, outpacing overall transaction growth. Fogel emphasized, "These transactions continue to grow meaningfully faster than our overall transaction growth," highl...
• AI Integration and Development — Management is focused on leveraging AI to enhance customer experience and operational efficiency. Fogel stated, "We are seeing how AI can transform the customer experience," indicating ongoing investments in AI capabilit...

Read the full Booking Holdings Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 52 Booking Holdings Inc. earnings call transcripts on record, spanning February 26, 2020 to August 4, 2026. Based on this history, Booking Holdings Inc. reports quarterly. The most recent call on file is dated August 4, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BKNG

Exchange

NasdaqGS

Country

US

Sector

Consumer Discretionary

Industry

Hotels, Restaurants and Leisure

Calls on record

52

First call

February 26, 2020

Most recent

August 4, 2026

Reporting cadence

quarterly