Booking Holdings Q1 Revenue Rises 16% to $5.53B as It Cuts Outlook
Booking Holdings reported Q1 revenue of $5.53 billion, up 16%, and adjusted EPS of $1.14, beating estimates by $0.06, with Adjusted EBITDA growing 19% and room nights rising 15%. It cut its full-year outlook due to Middle East conflict, guiding Q2 room nights up 2%-4% and revenue up 4%-6%.
1. Strong First-Quarter Performance
Booking Holdings delivered robust Q1 results with revenue of $5.53 billion, a 16% year-over-year increase, and adjusted EPS of $1.14, $0.06 above consensus. Adjusted EBITDA rose 19%, underpinned by a 15% jump in gross bookings.
2. Room Nights and Accommodation Mix
Total room nights climbed 15% year-over-year, while alternative accommodation room nights grew by 5.5%. The direct channel accounted for a mid-fifties percentage of total bookings, mirroring last year’s mix.
3. Guidance and Outlook Revision
Management trimmed the full-year outlook in response to Middle East conflict disrupting travel demand. For Q2, it projects room nights growth of 2%-4% and revenue growth of 4%-6%, noting continued fluctuations across key transit corridors.