secwatch.observer — SEC 8-K summary
======================================

Issuer:     Booking Holdings Inc. (BKNG)
CIK:        0001075531
Form:       8-K
Filed at:   2025-10-28T23:59:59+00:00
Accession:  0001075531-25-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Booking Holdings Q3 2025: EPS $84.41 GAAP, $99.50 adj; rev $9.0B +13%; raises savings target
--------------------------------------------------------------------------------

- Room nights 323M (+8% YoY); gross bookings $49.7B (+14%); revenue $9.0B (+13%).
- GAAP net income $2.7B (+9%); GAAP EPS $84.41; adjusted EPS $99.50 (+19%).
- Adjusted EBITDA $4.2B (+15%); net cash from ops $1.4B (-40% QoQ); FCF $1.4B (-40% QoQ, +6% YTD).
- Raises Transformation Program annual run-rate savings target to $500-550M from $400-450M vs 2024 base.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075531/000107553125000050/0001075531-25-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075531/000107553125000050/bkng-20251028.htm
  HTML page:      https://secwatch.observer/filing/0001075531-25-000050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer