Overview
- Revenue rose 9% to $4.41 billion and adjusted EPS hit $7.57, topping Wall Street estimates.
- Management now targets 2025 revenue growth of roughly 6%–7% and about 2 percentage points of adjusted core margin expansion.
- B2B bookings climbed 26% to $9.38 billion, total gross bookings grew 12% to $30.73 billion, and room nights increased about 11%.
- Growth was strongest in Asia with room nights up more than 20%, while the U.S. posted its fastest room‑night growth in over three years.
- Shares jumped roughly mid‑to‑high teens after the report, Q4 revenue guidance came in above consensus, and executives said they are watching the U.S. government shutdown with no impact seen to date.