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Earnings

Booking Holdings rises 10.85% as travel stocks rally despite a softer holiday-quarter outlook

Room nights and gross bookings grew in the third quarter, and Expedia and other consumer names climbed alongside.

· AP's Morning Brief

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Image: Arild Vågen, NYSE Broad Street facade, CC BY-SA 4.0

Booking Holdings (BKNG) shares were up $16.89, or 10.85%, at $172.56 as of 1:10 p.m. ET on Wednesday, compared with Tuesday's regular-session price of $155.67, a day after the travel company reported third-quarter results.

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Room nights grew 7% from a year earlier to 345 million, and gross bookings rose 10% to $54.5 billion, the company said. Adjusted revenue grew 9% to $9.8 billion, and adjusted earnings per share rose 17% to $4.66. Reported revenue slipped 1% to $8.9 billion, which Investing.com noted was below the $9.54 billion analysts expected.

The outlook was cautious. Booking said global travel demand moderated toward the end of the quarter and that October was hit by disruptions to travel to and from the Middle East, higher airfares and unrest in some European cities. For the fourth quarter it expects room nights to grow 1% to 3% and gross bookings to grow 2% to 4%, with adjusted revenue up 0% to 2%.

Investors looked past the softer guidance. CNBC reported that consumer-facing stocks rallied after the results, with Expedia up 13% and Amazon up almost 7% at midday. Based on Yahoo Finance data, Expedia was up 13.17% at $323.41 as of 1:09 p.m. ET.

Sources

  1. Nasdaq.com quote (BKNG) — BKNG last sale $172.56, net change +16.89, +10.85% as of Nov 4, 2026 1:10 PM ET (implies prior regular-session price $155.67).
  2. Yahoo Finance chart data (BKNG, EXPE) — Nov 3, 2026 regular-session prices: BKNG $155.67, EXPE $285.77. As of 13:09 ET Nov 4, 2026: BKNG $172.585; EXPE $323.41, +37.64, +13.17%.
  3. Booking Holdings Q3 2026 earnings release — Room nights 345M, +7%; gross bookings $54.5B, +10%; revenue $8.9B, (1%); adjusted revenue $9.8B, +9%; adjusted EPS $4.66, +17%. Q4 2026 guidance: room nights growth 1%-3%, gross bookings growth 2%-4%, adjusted revenue growth 0%-2%. Demand moderated toward end of Q3; October affected by Middle East travel disruptions, elevated airfares, localized unrest in certain European cities.
  4. Investing.com — Revenue was $8.90B vs $9.54B expected; Q4 guidance room nights up 1-3%, gross bookings up 2-4%.
  5. CNBC — Consumer discretionary stocks rallied after better-than-expected results from Booking Holdings; Booking jumped 11% and Expedia 13%; Nike rallied more than 6% and Amazon climbed almost 7% midday.