HighGravityData

Booking Holdings — Jul 29, 2025 release

Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001075531-25-000035
Open on SEC.gov ↗
Showing in the filing
Stock repurchase program remaining authorization
“$24.6 billion”
Period
No period stated
Measure
Declared action
Source
Prose
All guidance in this release · 10
Cash dividend for Q3 FY2025
“$9.60 per share”
Dividend for Q3 FY2025
“$9.60 per share”
Stock repurchase program remaining authoriza…
“$24.6 billion”
Room Nights Growth for Q3 FY2025
“3.5% - 5.5%”
Gross Bookings Growth for Q3 FY2025
“8% - 10%”
Constant Currency Gross Bookings Growth for Q3 FY2025
“4% - 6%”
Revenue Growth for Q3 FY2025
“7% - 9%”
Constant Currency Revenue Growth for Q3 FY2025
“3% - 5%”
Adjusted EBITDA for Q3 FY2025
“$3.9 billion - $4.0 billion”
Adjusted EBITDA Growth for FY2025
“Mid-teens %”
Exhibit 99.1 · the passage around this item
… earlier in the release
Exhibit 99.1   Additional Highlights Active Return of Capital to Shareholders Third Quarter Dividend ● Our Board of Directors declared a cash dividend of $9.60 per share, payable on September 30, 2025 to stockholders of record as of the close of business on September 5, 2025. Stock Repurchase Program ● We repurchased $1.3 billion of stock in the quarter ended June 30, 2025 with a total remaining authorization of $24.6 billion. Second Quarter 2025 vs. 2024 2 Top Line Metrics ● Alternative accommodation room nights at Booking.com increased by a low double digits percentage ● Constant Currency ADRs decreased 1%(1) ● Gross bookings increased 13% and revenues increased 16% Margins ● Net Income margin of 13.2% (26.0% in Q2 2024) ● Adjusted EBITDA margin of 35.6% (32.4% in Q2 2024) Fixed Cost Discipline ● Total operating expenses increased 14%, slower than the 16% growth in revenue ● Adjusted fixed operating expenses increased 11% driven by adverse FX changes, increased performance-based compensation accruals, and higher cloud computing costs Marketing Metrics ● Marketing expense as a percentage of gross bookings was 4.6% (4.7% in Q2 2024) ● Over the trailing four quarters, the mix of our total room nights booked through the direct channel was a mid-fifties percentage and increased year-over-year GAAP EPS -38% Adjusted EPS +32% (1)Accommodation average daily rates ("ADRs")   Outlook Booking Holdings' guidance for the third quarter and full year of 2025 is as follows: We have continued to see steady travel demand trends in our business so far in the third quarter. However, we note that comparison
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.