Booking Holdings reports 16% jump in first-quarter revenue
Investing.com -- The online booking service Booking Holdings posted a 16% jump in the first-quarter revenue helped by jump in gross bookings and room night growth.
The company’s revenue for the quarter came in at $5.53 billion versus the consensus estimate of $5.51 billion. Whereas adjusted earnings per share during the quarter came at $1.14, $0.06 better than the analyst estimate of $1.08.
“Despite headwinds associated with the Middle East conflict, we are pleased to report a solid start to 2026, with Adjusted EBITDA growth of 19%, alongside 15% growth in gross bookings and 16% revenue growth,” said Glenn Fogel, Chief Executive Officer of Booking Holdings.
The company’s one of the main top line metric alternative accommodation room nights increased by 5.5% during the quarter.
“Over the trailing four quarters, the mix of our total room nights booked through the direct channel was a mid-fifties percentage, similar to last year,” the company said.
The company expects room nights growth for the second quarter of 2026 to be between 2%-4% and revenue growth to be between 4%-6%.
“For our second quarter guidance, we are assuming the direct and indirect impact from the conflict in the Middle East continues through the end of June. Specifically, our outlook accounts for continued fluctuations in travel demand across Middle Eastern inbound, outbound, and intra-region routes, as well as ongoing disruptions to major transit corridors, such as those between Europe and Asia,” the company said in a regulatory filing.