A post by @FirstSquawk on X.

Booking Holdings reported Q3 2026 revenue of $8.89 billion, missing the $9.54 billion consensus estimate, while adjusted EBITDA came in at $4.61 billion, ahead of the $4.49 billion forecast. Gross bookings totaled $54.5 billion, surpassing the expected $52.69 billion. The mixed results show top-line softness alongside stronger profitability and booking volumes than analysts anticipated. The revenue shortfall against robust gross bookings suggests a shift in revenue mix or timing that investors will likely scrutinize. Attention now turns to management commentary on the revenue miss and whether the bookings strength converts into future top-line growth.