Booking Holdings stock holds Q3 strength as Q4 outlook cools

Booking Holdings stock traded at 146.73 euros on Lang & Schwarz at 15:37 CET on Tuesday, November 10, 2026. Compared with the 144.80 euros cited in the November 9 report, the difference was 1.33 percent.

Booking Holdings reported stronger operating performance for the quarter ended September 30, 2026. In its third-quarter financial release, the company said gross bookings increased 10 percent and room nights rose 7 percent year over year.

Strong quarter, softer near-term view

Adjusted revenue increased 9 percent, while adjusted EBITDA rose 9 percent to 4.6 billion US dollars. Adjusted earnings per share reached 4.66 US dollars, supported by resilient travel activity and a lower average share count.

Reported revenue declined 1 percent to 8.9 billion US dollars. A 900 million US dollar reduction related to a Federal Trade Commission matter weighed on the reported comparison, while the adjusted figures excluded the related impact.

Fourth-quarter growth slows

Management expects fourth-quarter room nights to increase 1 to 3 percent and gross bookings to rise 2 to 4 percent. Adjusted revenue is expected to grow 0 to 2 percent, while adjusted EBITDA is expected to remain roughly flat year over year.

Booking Holdings maintained its full-year outlook for high-single-digit growth in gross bookings, adjusted revenue and adjusted EBITDA. Adjusted earnings per share are still expected to increase in the low- to mid-teens.

The company plans further investment in artificial intelligence, flights, attractions, dining and technology infrastructure. Management also cited softer international demand, travel disruptions linked to the Middle East and a tougher comparison base as factors shaping the fourth-quarter outlook.

The Euro Stoxx 50 market environment provides the broader reference for European trading sentiment around internationally exposed companies.

For further coverage, see More news and analyses on Booking Holdings stock.