ROCKVILLE, Md., May, 1 2025 /PRNewswire/ -- Xiao-I Corporation (NASDAQ: AIXI), a leading artificial intelligence company ("Xiao-I"), today announced the launch of its groundbreaking artificial intelligence solution for golf course management - a specialized implementation of its proprietary tAIkbox platform tailored for sports facility operations. This AI-driven platform resolves critical operational challenges for the United States' golf industry—home to the world's largest infrastructure network with 15,9 ...

Booking Holdings (BKNG) reported first-quarter 2025 earnings of $24.81 per share, beating the Zacks Consensus Estimate by 43.83%. The figure increased 21.7% year over year.BKNG’s earnings beat the Zacks Consensus Estimate in each the trailing four quarters, the average surprise being 18.98%.See the Zacks Earnings Calendar to stay ahead of market-making news.Revenues of $4.76 billion beat the Zacks Consensus Estimate by 3.58% and increased 8% year over year and about 10% on a constant currency (cc) basis. Th ...

Booking Holdings (NASDAQ: BKNG ) seamlessly connects millions of travelers around the world, representing a true modern infrastructure for vacationing. Whenever we seek accommodations, flights, car rentals, or restaurant reservations, the likelihood of ending up on the Booking Platform increases.I focus on long term growth and dividend growth investing. I follow both the US and the European stock markets, looking for undervalued stock and/or for high quality dividend growing companies that provide me with c ...

Q1 2025 Earnings Presentation April 29, 2025 Adjusted Financial Measures: While the Company reports financial results in accordance with accounting principles ("GAAP") generally accepted in the United States, this presentation includes certain Adjusted "Non-GAAP" measures, including Adjusted EBITDA, Free Cash Flow, Adjusted Net Income, and Adjusted Net Income per Diluted Common Share (Adjusted EPS), which are not presented in accordance with GAAP or intended to be substitutes for GAAP measures. The Company ...

Booking Holdings (BKNG) Q1 2025 Earnings Call April 29, 2025 09:37 PM ET Speaker0 Welcome to Booking Holdings First Quarter twenty twenty five Conference Call. Booking Holdings would like to remind everyone that this call may contain forward looking statements, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements are not guaranteed of future performance and are subject to certain risks, uncertainties and assumptions t ...

Highlights Booking Holdings reported $46.7 billion in gross bookings (up 7% YoY) and $4.8 billion in revenue (up 8% YoY) in Q1 2025, driven by diversified offerings and growth in room nights, rental cars and airline ticket sales, despite broader economic and geopolitical uncertainties. The company is pushing forward with its “connected trip” vision, leveraging AI tools, a revamped loyalty program and platform enhancements to improve customer experience, reduce marketing reliance and drive cross-selling ...

Booking Holdings (BKNG) came out with quarterly earnings of $24.81 per share, beating the Zacks Consensus Estimate of $17.25 per share. This compares to earnings of $20.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 43.83%. A quarter ago, it was expected that this online booking service would post earnings of $35.64 per share when it actually produced earnings of $41.55, delivering a surprise of 16.58%.Over the last four q ...

Financial Performance - Total revenues increased by approximately 8% in Q1 2025 compared to Q1 2024, with a 10% increase on a constant currency basis [118]. - Total revenues rose by 7.9% year-over-year to $4.762 billion for the three months ended March 31, 2025, with total revenues as a percentage of gross bookings increasing to 10.2% [133]. - Total gross bookings increased by 7.2% year-over-year to $46.669 billion for the three months ended March 31, 2025, with merchant gross bookings rising by 21.0% to $31.170 billion [129]. - Total gross bookings increased by 7% for the three months ended March 31, 2025, compared to the same period in 2024; on a constant currency basis, the increase was approximately 10% [174]. - For the full year 2025, the company expects room nights growth between 4% and 6%, gross bookings growth between 10% and 12% on a reported basis, and revenue growth between 10% and 12% on a reported basis [121]. Marketing and Expenses - Total marketing expenses in Q1 2025 were $1.8 billion, up 10% compared to Q1 2024, reflecting increased investment in marketing due to higher travel demand [108]. - Marketing expenses increased by 10.4% year-over-year to $1.777 billion for the three months ended March 31, 2025, representing 3.8% of total gross bookings [136]. - Personnel expenses decreased by 16.1% year-over-year to $693 million for the three months ended March 31, 2025, primarily due to a reduction in pension fund accruals [139]. - General and administrative expenses decreased by 23.4% year-over-year to $142 million for the three months ended March 31, 2025 [140]. - Information technology expenses increased by 7.1% year-over-year to $200 million for the three months ended March 31, 2025, due to higher cloud computing and software maintenance costs [141]. - Depreciation and amortization expenses increased by 13.1% year-over-year to $154 million for the three months ended March 31, 2025, primarily due to increased depreciation of computer equipment [142]. - Interest expense increased by 196.8% year-over-year to $649 million for the three months ended March 31, 2025, primarily due to the amortization of debt discount related to convertible senior notes [144]. - Foreign currency transaction losses amounted to $420 million for the three months ended March 31, 2025, compared to gains of $136 million in the same period of 2024 [145]. - Income tax expense decreased by 61.1% to $63 million for the three months ended March 31, 2025, with an effective tax rate of 15.8% [147]. Operational Metrics - Global room nights increased by 9% year-over-year in 2024, with a 7% increase in the first quarter of 2025, driven by strong travel demand in Europe and Asia [99]. - Room nights reserved increased by 7.2% year-over-year to 319 million for the three months ended March 31, 2025, driven by increased travel demand in Europe and Asia [128]. - The average daily rates (ADRs) on a constant currency basis were approximately 1% higher year-over-year in Q1 2025, with a 2% increase when excluding regional mix effects [104]. - The mix of room nights booked through mobile apps increased to the mid-fifties percentage in Q1 2025, up from low-fifties in Q1 2024, indicating a growing trend in mobile bookings [106]. - The mix of total gross bookings generated on a merchant basis increased to 67% in Q1 2025 from 59% in Q1 2024, indicating a shift towards more flexible payment options [107]. - The cancellation rate in Q1 2025 was slightly higher than in Q1 2024, which could impact marketing efficiency due to incurred performance marketing expenses [103]. Cash Flow and Investments - Cash, cash equivalents, and investments totaled $16.1 billion as of March 31, 2025, with approximately $11.3 billion held by international subsidiaries [151]. - Net cash provided by operating activities was $3.283 billion for the three months ended March 31, 2025, driven by a net income of $333 million and a favorable change in working capital of $2.1 billion [166]. - Net cash used in financing activities was $3.967 billion for the three months ended March 31, 2025, primarily due to common stock repurchases of $2.2 billion and debt repayments of $1.5 billion [169]. - The company authorized a share repurchase program of up to $20 billion, with a total remaining authorization of $25.9 billion as of March 31, 2025 [157]. - Deferred merchant bookings reached $6.9 billion at March 31, 2025, reflecting cash payments received from travelers in advance of performance obligations [152]. - The fair value of the May 2025 Notes was $1.9 billion as of March 31, 2025 [154]. - The company had $1.1 billion in non-cancellable purchase obligations greater than $10 million as of March 31, 2025, with $227 million payable within the next twelve months [159]. - A hypothetical 10% decrease in the fair values of investments in equity securities would have resulted in a loss of approximately $55 million before tax [175]. Strategic Outlook - The company expects annual run rate savings of $400 to $450 million from the Transformation Program over the next three years, with restructuring costs anticipated in the near term [115]. - The company is closely monitoring geopolitical and macroeconomic uncertainties that could impact future travel demand and consumer behavior [100].

Booking Holdings (BKNG) Q1 2025 Earnings Call April 29, 2025 04:30 PM ET Company Participants Glenn Fogel - CEO, President & DirectorEwout Steenbergen - Executive VP & CFOMark Mahaney - Senior Managing DirectorBrian Nowak - Managing Director Kevin Kopelman - Managing Director - Equity Research Conference Call Participants Douglas Anmuth - Managing Director & Internet AnalystEric Sheridan - AnalystLee Horowitz - AnalystKen Gawrelski - Analyst Operator Welcome to Booking Holdings First Quarter twenty twenty f ...

CURRENT REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) April 29, 2025 Booking Holdings Inc. (Exact name of registrant as specified in its charter) (State or other Jurisdiction of Incorporation) Delaware 1-36691 06-1528493 (Commission File Number) (IRS Employer Identification No.) 800 Connecticut Avenue Norwalk Connecticut 06854 (Address of principal ...