U.S. Equities2h ago
Booking Holdings Misses Revenue But Crushes EBITDA: Take-Rate Compression Masks Operational Strength
Booking Holdings reported Q3 revenue of $8.89 billion—below consensus of $9.54 billion—but beat on adjusted EBITDA ($4.61B vs. $4.49B estimate) and gross bookings ($54.5B vs. $52.69B), signaling pricing pressure offset by cost discipline.