Supporting evidence

• LedgerConstant currency revenue growth of approximately 7% reveals a modest FX drag, with European exposure (including Italy) creating ongoing translation risk
• LedgerMixed quarter based on: Gross bookings growth of 9% exceeded room night growth of 5%, indicating improving average booking value and monetization efficiency on Booking.com · Adjusted EBITDA growth of…
• GuidanceGuidance maintained

• LedgerRevenue +8% YoY (Q2 FY2026)
• EventNon-Recurring Tax Benefit Distorting Net Income
• EventGross Bookings Outpacing Room Night Growth
• EventAdjusted EBITDA Expansion
• EventReduces outstanding shares and returns capital to shareholders.
• EventReturns capital to shareholders, indicating financial health and commitment to shareholder value.
• EventNegative impact on financial results due to the accrual.
• InitiativeEnabled approximately $550 million in annual run-rate savings (high end of our prior target) and expect to realize these run-rate savings by the end of 2026.
• Event118% net income growth is largely non-recurring due to $250M tax benefit and $365M accrual resolution, potentially misleading on underlying earnings power
• EventRoom night growth of 5% represents a relatively modest volume increase and could signal softening travel demand or competitive pressure from alternative OTAs