Booking Holdings Drops 3.63% Despite Strong Q1 Revenue

Booking Holdings dropped 3.63% in pre-market trading on April 30, 2025, despite reporting strong quarterly results. The company's first-quarter revenue of $4.76 billion exceeded analysts' expectations of $4.59 billion, marking a 7.9% year-over-year increase. However, the stock's decline suggests that investors may be cautious about the company's outlook amid broader economic uncertainties.

During the earnings call, Booking Holdings' CFO Ewout Steenbergen projected revenue growth of 10% to 12% for the year, which was slightly below some analysts' estimates. The company's CEO also acknowledged market uncertainties, which could be weighing on investor sentiment. Despite the strong Q1 performance, the lowered revenue forecast and market uncertainties may have contributed to the stock's pre-market decline.

Additionally, JMP analysts raised their price target for Booking Holdings to $5,700 from $5,600, reaffirming a Market Outperform rating. This move indicates that analysts remain optimistic about the company's long-term prospects, despite short-term market volatility. The earnings call and the subsequent analyst actions highlight the complex interplay between strong financial performance and broader market concerns that are influencing Booking Holdings' stock price.