Overview
- Adjusted EPS reached $99.50 and revenue came in at $9.01 billion, topping FactSet expectations on both metrics.
- Total gross bookings increased 14% year over year to $49.7 billion, with 323 million room nights up 8% and adjusted EBITDA margin improving to 47%.
- Fourth-quarter guidance calls for revenue growth of 10%–12% and roughly 12% bookings growth, indicating sustained momentum into year-end.
- The company lifted its annual transformation savings goal to $500 million–$550 million, as analysts cited accelerating U.S. revenue nights, mid‑20% growth in Connected Trip transactions, and about 90% growth in attractions.
- Shares rose roughly 4.8% in after-hours trading as Cantor Fitzgerald, BTIG, and RBC characterized the quarter and outlook as stronger than expected, with management emphasizing AI-enabled advantages across the platform.