Booking Holdings reports Q3 2026 revenue miss and cautious Q4 outlook amid FTC charge
+6 new sources since this summary was written
Booking Holdings posted third‑quarter 2026 revenue of $8.9 billion, down 1% year‑over‑year, missing consensus estimates after a $900 million reduction tied to a Federal Trade Commission matter. Adjusted earnings per share were $4.66, beating the $4.50 consensus, and adjusted revenue rose 9% to $9.8 billion on a constant‑currency basis. The company guided fourth‑quarter room‑night growth to 1%‑3% and adjusted revenue growth to 0%‑2%, citing softer international demand and Middle‑East conflict disruptions.
Why it matters
The revenue shortfall and FTC charge reduce reported top‑line growth, while the flat‑to‑low‑single‑digit Q4 guidance limits near‑term earnings expansion (the company said adjusted EBITDA will be roughly flat year‑over‑year). Investors will watch whether the regulatory issue leads to further costs and how the slower room‑night growth impacts profit momentum.
Key facts
- 1Q3 2026 reported revenue was $8.9 billion, down 1% year‑over‑year. finance.biggo.com
- 2The $900 million FTC‑related charge reduced reported revenue. finance.biggo.com
- 3Adjusted revenue, excluding the FTC charge, was $9.8 billion, up 9% on a constant‑currency basis. finance.biggo.com
- 4Adjusted earnings per share were $4.66, beating the $4.50 consensus estimate. finance.biggo.com
- 5Q3 2026 room‑night growth was 7% year‑over‑year, with 345 million room nights booked. finance.biggo.com
- 6Q4 guidance: room‑night growth 1%‑3%, adjusted revenue growth 0%‑2%, adjusted EBITDA roughly flat year‑over‑year. finance.biggo.com
Summary written by AlphAI AI Desk from 20 of 30 sources. Not investment advice. Figures are as stated by the linked sources.