Booking Holdings Stock Slides 2.14% as $1.08B Volume Ranks 98th Amid Strong Q2 Metrics

On August 1, 2025, Booking Holdings (BKNG) fell 2.14% with a trading volume of $1.08 billion, ranking 98th in market activity. The company reported Q2 2025 results showing adjusted earnings per share (EPS) of $55.40, exceeding estimates of $50.32, and GAAP revenue of $6.8 billion, surpassing the projected $6.55 billion. Despite strong operational growth, GAAP net income declined sharply due to foreign currency losses and higher debt costs.

Key metrics highlighted robust performance: room nights rose 8% to 309 million, gross bookings reached $46.7 billion (up 13%), and flight bookings surged 44%. The Connected Trip initiative, integrating accommodations, flights, and other services, grew over 30% year-over-year. Direct bookings accounted for a mid-50s percentage of room nights, driven by app adoption and loyalty programs like Genius. Adjusted EBITDA margin expanded to 35.6%, up from 32.4% in Q2 2024.

GAAP net income margin dropped to 13.2% from 26.0% the prior year, primarily due to $961 million in euro-denominated debt losses and rising interest expenses. The company’s focus on AI-driven tools, such as KAYAK.ai and Priceline’s Penny, aims to enhance user experience. Partnerships, including OpenTable’s integration with Uber, expanded inventory access. Management projected Q3 2025 room night growth of 3.5–5.5% and full-year revenue growth in the high single digits.

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