Booking Holdings beats Q2 estimates on travel demand, shares gain

Investing.com -- Booking Holdings Inc. reported second-quarter earnings that exceeded Wall Street expectations on Tuesday, with earnings per share of $2.54 compared to the analyst estimate of $2.44.

The Norwalk, Connecticut-based company generated revenue of $7.35 billion for the quarter, surpassing the consensus estimate of $7.2 billion.

The company's adjusted profit per share of $2.54 marked a substantial increase from $1.10 per share in the same period last year, representing a 15% rise in second-quarter profit.

Room nights booked through the platform grew 5% compared to the second quarter of 2025. Gross bookings increased 9% year-over-year, or approximately 8% on a constant currency basis.

Revenue grew 8% compared to the second quarter of 2025, or approximately 7% on a constant currency basis. Net income grew 118% year-over-year, while adjusted net income and adjusted EBITDA grew 8% and 9%, respectively.

The company raised its expected annual run-rate savings through its Transformation Program to approximately $650 million. Booking Holdings expects to realize these savings by the end of 2027.

"Despite continued geopolitical and macroeconomic uncertainty during the second quarter, the underlying desire to travel remained resilient, and we are pleased with our results, which reflect the strength of our global platform and the disciplined execution of our teams," said Glenn Fogel, Chief Executive Officer of Booking Holdings.

Booking shares traded over 5% higher following the announcement.

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