Online travel agency Booking Holdings (NASDAQ: BKNG) will be reporting results this Tuesday afternoon. Here’s what to expect.
Booking beat analysts’ revenue expectations by 3.7% last quarter, reporting revenues of $6.80 billion, up 16% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and a decent beat of analysts’ revenue estimates. It reported 309 million nights booked, up 7.7% year on year.
Is Booking a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Booking’s revenue to grow 9.2% year on year to $8.73 billion, in line with the 8.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $95.77 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Booking has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 3.3% on average.
Looking at Booking’s peers in the consumer internet segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Coursera delivered year-on-year revenue growth of 10.3%, beating analysts’ expectations by 2.1%, and Netflix reported revenues up 17.2%, in line with consensus estimates. Coursera traded down 12.7% following the results while Netflix was also down 10.1%.
Read our full analysis of Coursera’s results here and Netflix’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the consumer internet stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.5% on average over the last month. Booking is down 5.9% during the same time and is heading into earnings with an average analyst price target of $6,127 (compared to the current share price of $5,133).
P.S. While everyone's chasing Nvidia, we found a hidden AI semiconductor winner trading at a fraction of the price. See our #1 pick before Wall Street catches on.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
