Booking Holdings — Oct 28, 2025 release

(growth is on a year-over-year basis) Q4 2025 FY 2025 Room Nights Growth 4% - 6% About 7% Gross Bookings Growth 11% - 13% About 11% - 12% Constant Currency Gross Bookings Growth 6% - 8% About 8% - 9% Revenue Growth (1) 10% - 12% About 12% Constant Currency Revenue Growth (1) 5% - 7% About 9% Adjusted EBITDA (2)(3)(4) $2.0 billion - $2.1 billion Adjusted EBITDA Growth (2)(3)(4) 8% - 14% About 17% - 18% (1) Revenue Growth includes a benefit of about 5% in Q4 2025 and of about 3% for FY 2025 due to foreign currency exchange rates. (2) 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. (3) Excludes certain costs expected to be incurred related to the Transformation Program. Refer to the "Non-GAAP Financial Measures" section of this release. (4) Changes in foreign currency exchange rates are expected to impact our reported growth rates for Adjusted EBITDA by a similar amount o