Meet Kevin on $BKNG (Nov 3, 2026)
BKNG missed on revenue — 889 billion versus 954 billion expected, about 6.9% light — even though room nights (345 million vs 339 million) and gross bookings beat, which the speaker reads as a possible squeeze somewhere on gross margin.
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We're going to have Booking Holdings as well. Very curious to see what their take is on how artificial intelligence agents are potentially affecting that business.
There's booking booking misses. There it is. It is a miss. We have uh room nights sold 345 million. That did beat 339 uh million books uh rooms sold, but revenue came in at 889 billion versus 954 billion expected. So, uh booking BKNG coming in at a miss.
889 divided by 950 gives me about a 6.9% miss and the stock is down about 6.9%. Gross bookings do beat. So it sounds like there was a margin. No, gross bookings. Yeah, some kind of some kind of spread between bookings which beat and then revenue which came in lighter.
So, they had to It sounds like they might be getting squeezed a little bit uh somewhere on that gross margin side.