Booking Holdings (BKNG) Revenue — Quarter Ended Mar 31, 2025
Revenue declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease reflects typical seasonal patterns, while the year-over-year gain indicates underlying growth.
Key takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease reflects typical seasonal patterns, while the year-over-year gain indicates underlying growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.8B
Revenue reported for this quarter.
Quarter-over-quarter
-13.0%
Change from the immediately preceding quarter.
Year-over-year
+7.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$24.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2024 | $5.9B | +7.3% |
| Sep 30, 2024 | $8B | +8.9% |
| Dec 31, 2024 | $5.5B | +14.4% |
| Mar 31, 2025 | $4.8B | +7.9% |
Revenue performance
The reported revenue for the quarter was lower than the immediately preceding quarter. This sequential decline aligns with the company's historical quarterly trends.
Quarterly comparison
Compared to the same quarter one year earlier, revenue increased. The trailing twelve-month revenue also showed an overall upward trajectory.
What to watch
Deferred merchant bookings rose sharply from the prior quarter end, which may influence future revenue recognition.