🔴 BKNG is trading 5% down today as room night growth misses estimates despite Q1 earnings beat

BKNG is trading at $164.56 (-5%) in pre-market action as investors digest Q1 results where room night growth fell short of expectations due to geopolitical headwinds in the Middle East.

• The company reported a 16% revenue increase to $5.5B and 15% gross bookings growth, both of which beat analyst estimates despite the volume miss.
• Shares continue a multi-day downtrend from the April 28 close of $173.38, showing relative weakness as the broader market remains resilient with the NASDAQ up 0.45%.