BKNG Booking Holdings (BKNG) Q2 FY25 earnings call
Booking Holdings delivered a strong Q2 FY25, surpassing expectations across key financial metrics, driven by robust global travel demand, particularly in Europe and Asia. The company continues to advance its strategic priorities, including alternative accommodations, the Genius loyalty program, and the Connected Trip vision, leveraging AI to enhance traveler and partner experiences. While the U.S. market shows some softness, the diversified global business model and increased full-year guidance reflect confidence in sustained growth and operating leverage.
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BKNG operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | This call Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|
| Properties Alternative Accommodations | 7.9MFor alternative accommodations at Booking.com, we continue to see year-over-year growth with listings at the end of Q4, reaching 7.9 million, up about 8% from last year.Source: earnings call transcript | 8.4MWith Booking.com's alternative accommodation listings reaching 8.4 million, an increase of 8% year-over-year.Source: earnings call transcript | 8.6M+In the most recent quarter, listings grew to over 8.6 million, up approximately 10% year-over-year, with double-digit room night growth.Source: earnings call transcript | 8.6MWe're now at 8.6 million listings.Source: earnings call transcript | — | — |
| Room nights booked | — | 309MRoom nights reached 309 million, an 8% year-over-year increase exceeding the high end of our prior expectations, driven by strong performance across Europe and Asia.Source: earnings call transcript | 323MOur third quarter room nights reached 323 million, an 8% year-over-year increase.Source: earnings call transcript | 285MOur fourth quarter room nights reached $285 million, a 9% year-over-year increase.Source: earnings call transcript | 338MWe booked 338 million room nights, which was in line with our prior expectations and represented 6% year-over-year growth.Source: earnings call transcript | +18.6% |
| Airline tickets booked | — | 16M+We achieved another quarter of healthy growth across our other travel verticals, as Glenn mentioned, during the second quarter, over 16 million airline tickets were booked across our platforms, representing an increase of 44% year-over-year.Source: earnings call transcript | 17M+During the third quarter, over 17 million airline tickets were booked across our platforms, representing an increase of 32% year-over-year, driven by the continued growth of our flight offerings at Booking.com and Agoda.Source: earnings call transcript | — | — | — |
| Gross bookings | — | — | $50BGross bookings of $50 billion increased 14% year-over-year or about 10% on a constant currency basis.Source: earnings call transcript | — | $53.8BOn a year-over-year basis, first quarter gross bookings of $53.8 billion grew 15%.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.