Booking Holdings — Jul 29, 2025 release

Additionally, we recognize the possibility that our business could be impacted by the increased uncertainty in the geopolitical and macroeconomic environment and any subsequent potential effect on consumer spending and behavior, travel patterns, or our partners. Refer to "Information About Forward-Looking Statements" section of this release. (growth is on a year-over-year basis) Q3 2025 FY 2025 Room Nights Growth 3.5% - 5.5% Gross Bookings Growth 8% - 10% Low Double Digits Constant Currency Gross Bookings Growth 4% - 6% High Single Digits Revenue Growth 7% - 9% Low Double Digits Constant Currency Revenue Growth 3% - 5% High Single Digits Adjusted EBITDA (1)(2)(3) $3.9 billion - $4.0 billion Adjusted EBITDA Growth (1)(2)(3) 6% - 9% Mid-teens % 3 (1) We are not able to provide a reconciliation between forward-looking Adjusted EBITDA and GAAP Net income as we cannot, without unreasonable effort, forecast certain items required to develop meaningful comparable GAAP Net Income and predict certain components of such reconciliation as they arise from events in future periods. This is due to the unpredictable nature of these reconciling items, which would require an unreasonable effort to forecast, and would result in a large range of projected values that would not be meaningful to investors. See Item 10(e)(1)(i)(B) of SEC Regulation S-K. (2) Excludes certain costs expected to be incurred related to the previously disclosed Transformation Program. Refer to the "Non-GAAP Financial Measures" section of this release. (3) Changes in foreign currency exchange rates are expected to impact our reported growth rates