Booking Holdings stock wavered before closing slightly higher Wednesday, after the online travel agency reported second-quarter results that topped expectations. The company sounded a somewhat cautious note about travel during the current quarter, however.
The Norwalk, Conn.-based Booking Holdings said late Tuesday that it earned an adjusted $55.40 per share for the June-ended quarter, up 32% from a year earlier. That beat the $50.32 per share that analysts polled by FactSet were forecasting. Sales increased 16% year-over-year to $6.8 billion, compared to analyst estimates of $6.6 billion.
Booking Holdings is the parent company of Booking.com, Priceline and OpenTable, among other brands.
Total bookings value across the company's platforms grew 13% year-over-year to $46.7 billion during the previous quarter. Analysts were projecting $46.3 billion, according to FactSet.
On the stock market today, Booking stock closed a fraction higher at 5612.91, shaking off losses from earlier in the day.
Booking Stock: Guidance For Rest Of 2025
Booking Holdings sounded a more cautious note on the current September-ending quarter. The company said in a news release that its business could "be impacted by the increased uncertainty in the geopolitical and macroeconomic environment."
The company projected year-over-year Q3 revenue growth of between 7% and 9%, with a midpoint below the 8.8% that analysts were forecasting for the quarter heading into the report.
However, Booking Holdings raised its full-year guidance. The company said its expect gross bookings value to grow a high-single-digit percentage when factoring in currency fluctuations, compared to previous guidance for mid- to high-single-digit percentage growth.
"While we recognize there is still elevated uncertainty in the macroeconomic and geopolitical environment, we are pleased to see that global travel demand trends continue to be steady so far in the third quarter," Chief Financial Officer Ewout Steenbergen told analysts on a conference call Tuesday.
What Analysts Are Saying About Booking Holdings' Q2
Piper Sandler analyst Thomas Champion told clients late Tuesday that the so-so initial reaction for Booking stock is likely the results of "higher expectations," with the broader economy improving compared to the first quarter.
"Trends in Asia have helped to offset a weaker U.S. consumer, with room nights remaining low-single digits and ADRs (average daily rates) pressured globally," Champion wrote. He is neutral on Booking stock.
RBC Capital analyst Brad Erickson, meanwhile, said in a client note Tuesday that Booking's beat of Q2 expectations was "modest" relative to how the company has historically topped estimates. He added that the company's guidance was "mixed," with overall booking expectations in-line because of a boost from foreign-exchange.
Guidance for total room-nights booked, meanwhile, was lower than expected, according to Erickson. Erickson reiterated an outperform call for Booking stock.
Evercore ISI analyst Mark Mahaney also reiterated an outperform rating and upped his price target to 6,250 following the report.
"A very resilient travel market, very broad geographic exposure, and industry-leading execution all came through," in Booking Holdings' results, Mahaney wrote to clients.
Booking Stock Up 13% This Year
Overall Booking stock is ahead 13% year-to-date and up 50% compared to 12 months ago.
While tariffs and a range of other factors have weighed on the travel market overall, Booking stock has outperformed. Online travel rivals Expedia Group stock is down about 4% overall in 2025 while Airbnb has gained 2%.
One advantage for Booking Holdings is that it derives the majority of its revenue from Europe. U.S.-focused Expedia and Airbnb called out weakness in American travel demand during their respective first quarter reports this spring.
Coming into its Q2 report, Booking stock had an IBD Composite Rating of 95 out of a best-possible 99, according to IBD Stock Checkup. The score combines five separate proprietary ratings into one rating. The best growth stocks have a Composite Rating of 90 or better.
