WITTMAN VANESSA AMES sold $216K of BKNG

Booking Holdings (BKNG) shares rose about 6% after the company reported quarterly results that beat analysts. Adjusted earnings were $2.54 per share on $7.35B revenue, versus expectations of $2.41 and $7.19B. Gross bookings were $51.0B versus $49.4B. Management cited Middle East conflict as near-term volatility but said demand remains resilient.

U.S. stocks were mixed as the S&P 500 rose 0.1% and the Dow gained 0.9%, both hitting record highs, while the Nasdaq fell 0.4%. Disney rose 3.7% after beating profit forecasts; Booking Holdings gained 6.5%. SpaceX fell 11.9% after its first public quarterly report; Nvidia rose 4.4% and AMD fell 6.2% after chip-use announcements. Oil eased on Hormuz deal hopes; 10-year Treasury yield was 4.62%.

Booking Holdings (BKNG) shares rose about 6.6% after the company reported Q2 results above analyst estimates. Revenue increased 8.1% to $7.35 billion, adjusted EPS was $2.54 (4.5% above expectations), and room nights booked rose 5.2% to 325 million. Free cash flow margin was 49.6% and EBITDA margin 36%.

Booking Holdings (BKNG) shares rose about 6% after the company reported Q2 results above estimates. Adjusted EPS was $2.54 vs $2.43-$2.45 expected, revenue was $7.35B vs $7.19B, gross bookings $51B vs $49.4B, and room nights 325M vs 320.5M. Q3 guidance calls for 3%-5% room nights growth and 4%-6% revenue growth.

Benchmark raised its Booking Holdings (BKNG) price target to $250 from $220 and kept a Buy rating after Q2 results. The company reported room nights, gross bookings, revenue and adjusted EBITDA above the top end of guidance, with EPS up 15% on a smaller share count. Booking also lifted its transformation savings target to about $650 million run-rate.

Booking Holdings said AI chatbot referrals from ChatGPT, Gemini and other LLMs remain below 1% of room nights processed. In Q2 2026, it reported $7.35 billion revenue, up 5% room nights to 325 million, with fewer than 3.25 million nights via AI referrals. The company said AI drives visibility but bookings still largely come through traditional channels.