Booking Holdings (BKNG) official guidance

On a reported basis, our full year expectation is for gross bookings, revenue, and adjusted EBITDA to each be up high single digits and for adjusted EPS to be up low to mid-teens.

Adjusted EBITDA Growth (2)(3)(4)(5) 4% - 6% High Single Digits

Adjusted EBITDA to grow slightly faster than revenue, and adjusted EBITDA margins to expand between 0 and 25 basis points year-over-year.

Revenue to be up low double digits, Adjusted EBITDA to grow faster than revenue, and Adjusted EBITDA margins to expand year-over-year by about 50 basis points.

Adjusted EBITDA Growth (2)(3)(4) 10% - 14% Faster than Revenue Growth

On a reported basis, our full year expectation is for gross bookings, revenue, and adjusted EBITDA to each be up high single digits and for adjusted EPS to be up low to mid-teens.

Adjusted EPS Growth (2)(3)(5) Low to Mid-Teens

Adjusted EPS to be up low to mid-teens.

Adjusted EPS Growth (2)(3)(5) Low to Mid-teens

Sales and other expenses as a percentage of gross bookings to be flat year-over-year, and Adjusted EPS to be up mid-teens.

Adjusted EPS Growth (2)(3)(5) Mid-teens

On a reported basis, our full year expectation is for gross bookings, revenue, and adjusted EBITDA to each be up high single digits and for adjusted EPS to be up low to mid-teens.

Gross Bookings Growth 4% - 6% High Single Digits

Gross bookings to be up high single-digits to low double digits.

On a reported basis, for the full-year, we expect gross bookings to be up low double digits.

Room Nights Growth 5% - 7% Gross Bookings Growth 14% - 16% Low Double Digits

Constant Currency Gross Bookings Growth 5% - 7% High Single Digits

We expect the reinvestments in 2025 and 2026 will help us to deliver constant currency gross bookings and revenue growth that is about 100 basis points faster than our long-term growth ambition of 8%, while expanding adjusted EBITDA margins by approximately 50 basis points.

Constant Currency Gross Bookings Growth 7% - 9% High Single Digits

Adjusted EBITDA Growth (2)(3)(4)(5) 4% - 6%

Gross Bookings Growth 4% - 6%

Revenue Growth (1) 4% - 6% High Single Digits

Revenue to be up high single digits.

Revenue to be up low double digits, Adjusted EBITDA to grow faster than revenue, and Adjusted EBITDA margins to expand year-over-year by about 50 basis points.

Revenue Growth (1) 14% - 16% Low Double Digits

Revenue Growth (1) 4% - 6%

Room Nights Growth 3% - 5%

Increased our expected annual run-rate savings through the Transformation Program(1) to approximately $650 million, and expect to realize these run-rate savings by the end of 2027.