Booking Holdings — Oct 28, 2025 release

● Revenue grew 13% compared to the third quarter of 2024, or 8% on a constant currency basis. ● Given the stronger-than-expected early results of the Transformation Program(1), we are raising our expectation for the ultimate annual run-rate savings to a range of $500 to $550 million from our previous guidance of $400 to $450 million, as compared to our 2024 expense base. Q3 2025 (#) (Δ Y/Y) Room Nights 323M 8% Gross Bookings $49.7B 14% Revenue $9.0B 13% GAAP Net Income $2.7B 9% GAAP EPS $84.41 14% Adjusted EPS $99.50 19% Adjusted EBITDA $4.2B 15% Net Cash Provided By Operating Activities(2) $1.4B (40%) Free Cash Flow(2) $1.4B (40%) (1) See note (f) in the Reconciliation of GAAP to Non-GAAP Financial Information section at the end of this release. (2) Net Cash Provided By Operating Activities and Free Cash Flow increased 4% and 6%, respectively, on a year-to-date basis as compared to 2024. Refer to the "Non-GAAP Financial Measures" section at the end of this release for an explanation of constant currency and non-GAAP financial measures, including Adjusted Net income, Adjusted EPS, Adjusted EBITDA, Free Cash Flow, and Adjusted Fixed Operating Expenses, and reconciliations to the most directly comparable GAAP measures. Gross bookings is an operating and statistical metric that captures the total dollar value, generally inclusive of taxes and fees, of all travel services booked by our customers, net of cancellations. 1 Non-GAAP Financial Measures Booking Holding