Why Did Booking Holdings (BKNG) Plunge 4.66% Amid Earnings Concerns?

Booking Holdings, the leading online travel company, experienced a 4.66% drop in pre-market trading on June 12, 2025. This decline comes amidst a backdrop of recent volatility and mixed financial performance.

Booking Holdings recently released its first-quarter earnings report for the fiscal year 2025, revealing a 7.86% year-over-year increase in revenue to $47.62 billion. However, the company's net profit for the quarter decreased by 57.09% to $3.33 billion, raising concerns among investors about the company's profitability.

Despite the recent drop, Booking Holdings has shown strong performance over the past year, with a 43.57% increase in stock price. The company's long-term investment outlook remains positive, with a 204.90% return over the past five years and an impressive 1,020% all-time return. This suggests that the recent decline may be a temporary consolidation within a broader uptrend.

Analysts have maintained a neutral stance on the stock, with B of A Securities keeping its "neutral" rating and setting a target price of $5,820. The company's strong brand portfolio, which includes Booking.com, Priceline, Agoda, Kayak, and OpenTable, continues to drive its market leadership in online travel services.