Booking Holdings Inc

Strong Financial Performance: Booking Holdings reported a robust fourth quarter with room nights exceeding expectations (up 13% YOY), gross bookings up 17%, and revenue growth of 14%. For the full year, gross bookings reached $166 billion (up 10% YOY) and revenue of $24 billion (up 11% YOY). Adjusted EBITDA for Q4 was $1.8 billion, a 26% increase YOY, while adjusted EPS was up 30% to $41.55.

Growth in Alternative Accommodations: The company experienced significant growth in alternative accommodations, with room night growth accelerating to 19% in Q4. This segment accounted for 33% of total room nights, and management noted that strong performance was seen across all regions, indicating a potential for continued expansion.

Generative AI and Connected Trip Integration: Management emphasized the potential of generative AI and agentic models to enhance traveler experience and operational efficiency, contributing to a more connected travel platform. The company is actively developing AI-powered offerings like an AI trip planner and a travel assistant, which they believe will drive customer engagement and differentiate their services.