Strong Revenue Growth Despite Challenges

Booking Holdings Inc. has announced an 8% increase in its first-quarter revenue for fiscal 2025, reaching a impressive $4.8 billion. This growth comes despite a challenging macroeconomic and geopolitical landscape.

Financial Performance Highlights

The company's net income saw a significant decline of 57% year-on-year, totaling $337 million. Similarly, net income per diluted common share fell by 55% to $10.7. On a brighter note, gross travel bookings experienced a 7% growth, amounting to $46.7 billion compared to the same period last year.

Leadership's Perspective

"Despite the uncertainties in the market, our focus remains steadfast on delivering value to both our supplier partners and travelers, and advancing our strategic priorities for long-term success," stated CEO Glenn Fogel.

Market Reaction

Following the announcement, Booking's stock price decreased by 4.47% in after-hours trading, settling at $4,690.00 per share at 4:10 pm ET.