Booking Q3: $900M FTC Revenue Hit Drags Revenue Down 1% to $8.89B
BKNG is trading near its 52-week low of $146.28 (4.5% above the low) on elevated volume (1.9× avg).
Summary
Booking's Q3 revenue slipped 1% to $8.89 billion after a $900 million FTC-related revenue reduction, while gross bookings rose 9.6% to $54.5 billion and net income held at $2.72 billion.
Key Events · Earnings and Guidance · BKNG
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FTC Charge Cuts Q3 Revenue
A $900 million revenue reduction and $100 million accrued loss tied to the FTC matter at Priceline pulled total Q3 revenue down 1.3% to $8.89 billion from $9.01 billion.
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Gross Bookings Up 9.6%
Total gross bookings rose to $54.46 billion on 6.7% room-night growth to 345 million and roughly 3% higher constant-currency ADRs.
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Net Income Flat at $2.72B
Q3 net income was $2,717 million, or $3.61 diluted EPS, versus $2,748 million and $3.38 a year ago; nine-month net income rose to $5,750 million from $3,976 million.
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Buybacks and Dividend
Booking repurchased 12 million shares for $2,120 million in Q3 and had $12.4 billion remaining on its $20 billion program; the board declared a $0.42 quarterly dividend payable December 31, 2026.
Analysis · BKNG · Energy & Transportation
A $900 million revenue reduction tied to the FTC matter at Priceline, plus a $100 million accrued loss in G&A, pulled Booking's Q3 revenue down 1.3% to $8.89 billion. Strip out that charge and merchant revenue grew 14.1%, while total gross bookings rose 9.6% to $54.5 billion on 6.7% room-night growth. Net income held at $2.72 billion ($3.61 diluted EPS) versus $2.75 billion a year ago, and the company bought back 12 million shares for $2.12 billion in the quarter, leaving $12.4 billion on its authorization. The swing factors for the stock, already near its 52-week low, are the open-ended FTC exposure — the agency may seek penalties above the accrual — and the new EU Digital Services Act probe.
How filings like this one have moved
In the 30 days to Nov 3, 2026, 40.9% of the 1143 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.37%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, BKNG was trading at $152.86 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $117B. The 52-week trading range was $146.28 to $220.81. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.