Booking Holdings expects Middle East conflict to impact bookings through June

Booking Holdings

28/04/2026 21:12

Overview

Online travel agency's Q1 revenue grew 16% yr/yr, slightly beating analyst expectations

Adjusted EPS for Q1 rose 14% and beat analyst expectations

Company repurchased $3.6 bln of stock in Q1

Outlook

Booking Holdings expects Q2 2026 revenue growth of 4%-6% year-over-year

Company forecasts full-year 2026 revenue growth in high single digits

Booking Holdings assumes Middle East conflict impacts bookings through June, recovery in H2 2026

Result Drivers

ROOM NIGHT GROWTH - Room nights grew 6% yr/yr, though growth was negatively impacted by the conflict in the Middle East

GROSS BOOKINGS INCREASE - Gross bookings rose 15% yr/yr, with the Middle East conflict estimated to have reduced growth in line with room night growth

ALTERNATIVE ACCOMMODATION GROWTH - Alternative accommodation room nights at Booking.com increased by 5.5% yr/yr

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$5.53 bln
$5.52 bln (31 Analysts)
Q1 Adjusted EPS
Beat
$1.14
$1.08 (23 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 33 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the leisure & recreation peer group is "buy"

Wall Street's median 12-month price target for Booking Holdings Inc is $237.40, about 33.7% above its April 27 closing price of $177.52

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)