Subtext

Booking Holdings Inc. BKNG

SectorConsumer Discretionary
Transcripts76
Date range2006-02-17 – 2025-04-29
Calls charted76

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-22-11+0+11+222005 Q42008 Q22011 Q22013 Q42016 Q22018 Q42021 Q22023 Q42005 Q4 · Overall: +1.12006 Q1 · Overall: +6.72006 Q2 · Overall: +8.62006 Q3 · Overall: +6.52006 Q4 · Overall: +9.12007 Q1 · Overall: +2.02007 Q2 · Overall: +5.42007 Q3 · Overall: +8.62007 Q4 · Overall: +1.12008 Q1 · Overall: +6.32008 Q2 · Overall: +2.42008 Q3 · Overall: -1.92008 Q4 · Overall: -0.62009 Q1 · Overall: +7.82009 Q2 · Overall: +6.72009 Q3 · Overall: +5.72009 Q4 · Overall: -4.02010 Q3 · Overall: +8.02010 Q4 · Overall: +3.42011 Q1 · Overall: +4.92011 Q2 · Overall: +5.32011 Q3 · Overall: +2.52011 Q4 · Overall: +0.32012 Q1 · Overall: -0.42012 Q2 · Overall: -2.22012 Q3 · Overall: +2.32013 Q1 · Overall: +7.12013 Q2 · Overall: +9.42013 Q3 · Overall: +10.32013 Q4 · Overall: +8.52014 Q1 · Overall: +10.12014 Q2 · Overall: +7.82014 Q3 · Overall: +5.92014 Q4 · Overall: +7.32015 Q1 · Overall: +6.02015 Q2 · Overall: +8.32015 Q3 · Overall: +11.62015 Q4 · Overall: +13.42016 Q1 · Overall: +6.52016 Q2 · Overall: +5.72016 Q3 · Overall: +10.92016 Q4 · Overall: +11.92017 Q1 · Overall: +8.72017 Q2 · Overall: +9.02017 Q3 · Overall: +9.82017 Q4 · Overall: +11.32018 Q1 · Overall: +8.92018 Q2 · Overall: +10.12018 Q3 · Overall: +10.92018 Q4 · Overall: +6.72019 Q1 · Overall: +4.12019 Q2 · Overall: +8.62019 Q3 · Overall: +9.62019 Q4 · Overall: +5.92020 Q1 · Overall: -0.22020 Q2 · Overall: +1.72020 Q3 · Overall: -2.22020 Q4 · Overall: +5.72021 Q1 · Overall: +7.92021 Q2 · Overall: +12.42021 Q3 · Overall: +12.82021 Q4 · Overall: +9.52022 Q1 · Overall: +11.92022 Q2 · Overall: +12.82022 Q3 · Overall: +11.42022 Q4 · Overall: +11.92023 Q1 · Overall: +11.62023 Q2 · Overall: +15.72023 Q3 · Overall: +13.02023 Q4 · Overall: +14.12024 Q1 · Overall: +5.12024 Q2 · Overall: +14.82024 Q3 · Overall: +19.52024 Q4 · Overall: +17.92025 Q1 · Overall: +18.9
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-27-14+0+14+272005 Q42008 Q22011 Q22013 Q42016 Q22018 Q42021 Q22023 Q42005 Q4 · CEO: +13.62006 Q1 · CEO: +12.32006 Q2 · CEO: +17.02006 Q3 · CEO: +17.02006 Q4 · CEO: +20.12007 Q1 · CEO: +12.72007 Q2 · CEO: +15.62007 Q3 · CEO: +20.32007 Q4 · CEO: +3.52008 Q1 · CEO: +15.42008 Q2 · CEO: +12.92008 Q3 · CEO: +8.22008 Q4 · CEO: +4.52009 Q1 · CEO: +18.42009 Q2 · CEO: +14.72009 Q3 · CEO: +17.42009 Q4 · CEO: -0.52010 Q3 · CEO: +15.92010 Q4 · CEO: +8.62011 Q1 · CEO: +15.22011 Q2 · CEO: +11.02011 Q3 · CEO: +8.32011 Q4 · CEO: +9.22012 Q1 · CEO: +10.42012 Q2 · CEO: +7.02012 Q3 · CEO: +12.12013 Q1 · CEO: +15.22013 Q2 · CEO: +17.82013 Q3 · CEO: +20.52013 Q4 · CEO: +15.72014 Q1 · CEO: +15.52014 Q2 · CEO: +12.72014 Q3 · CEO: +16.62014 Q4 · CEO: +14.02015 Q1 · CEO: +15.42015 Q2 · CEO: +13.12016 Q4 · CEO: +23.72018 Q1 · CEO: +15.32018 Q2 · CEO: +15.52018 Q3 · CEO: +21.72021 Q3 · CEO: +17.62022 Q2 · CEO: +19.02005 Q4 · CFO: -1.62006 Q1 · CFO: +5.02006 Q2 · CFO: +3.12006 Q3 · CFO: -1.32006 Q4 · CFO: +3.32007 Q1 · CFO: -0.52007 Q2 · CFO: +3.52007 Q3 · CFO: +7.22007 Q4 · CFO: +4.22008 Q1 · CFO: +7.72008 Q2 · CFO: -0.32008 Q3 · CFO: -3.02008 Q4 · CFO: -4.82009 Q1 · CFO: +1.22009 Q2 · CFO: -1.22009 Q4 · CFO: -0.52010 Q3 · CFO: +7.42010 Q4 · CFO: +6.52011 Q1 · CFO: +3.82011 Q2 · CFO: +7.92011 Q3 · CFO: +2.42011 Q4 · CFO: -3.42012 Q1 · CFO: -0.82012 Q2 · CFO: +0.92012 Q3 · CFO: +0.82013 Q1 · CFO: +7.92013 Q2 · CFO: +5.02013 Q3 · CFO: +4.12013 Q4 · CFO: +7.72014 Q1 · CFO: +7.42014 Q2 · CFO: +7.12014 Q3 · CFO: -3.62014 Q4 · CFO: +4.12015 Q1 · CFO: -2.42015 Q2 · CFO: +2.32016 Q3 · CFO: +9.92016 Q4 · CFO: +12.22017 Q2 · CFO: +10.52017 Q3 · CFO: +18.32017 Q4 · CFO: +8.42018 Q1 · CFO: +5.72018 Q2 · CFO: +11.02018 Q3 · CFO: +5.92018 Q4 · CFO: +3.72019 Q1 · CFO: +2.62019 Q2 · CFO: +4.62019 Q3 · CFO: +4.22019 Q4 · CFO: +1.72020 Q1 · CFO: -6.62020 Q2 · CFO: -1.62020 Q3 · CFO: -8.32020 Q4 · CFO: -0.52021 Q1 · CFO: +6.42021 Q2 · CFO: +8.02021 Q3 · CFO: +11.72021 Q4 · CFO: +4.12022 Q1 · CFO: +9.12022 Q2 · CFO: +10.72022 Q3 · CFO: +5.72022 Q4 · CFO: +5.02023 Q1 · CFO: +7.62023 Q2 · CFO: +9.52023 Q3 · CFO: +8.82023 Q4 · CFO: +5.42024 Q1 · CFO: +20.32024 Q2 · CFO: +13.52024 Q4 · CFO: +18.32025 Q1 · CFO: +17.4
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-53-26+0+26+532005 Q42008 Q22011 Q22013 Q42016 Q22018 Q42021 Q22023 Q42005 Q4 · Prepared remarks: +3.02006 Q1 · Prepared remarks: +7.02006 Q2 · Prepared remarks: +11.62006 Q3 · Prepared remarks: +7.12006 Q4 · Prepared remarks: +9.62007 Q1 · Prepared remarks: +6.02007 Q2 · Prepared remarks: +12.42007 Q3 · Prepared remarks: +10.02007 Q4 · Prepared remarks: +5.72008 Q1 · Prepared remarks: +9.52008 Q2 · Prepared remarks: +3.72008 Q3 · Prepared remarks: -1.72008 Q4 · Prepared remarks: -3.12009 Q1 · Prepared remarks: +6.52009 Q2 · Prepared remarks: +7.12009 Q3 · Prepared remarks: +0.02009 Q4 · Prepared remarks: +1.92010 Q3 · Prepared remarks: +11.42010 Q4 · Prepared remarks: +9.02011 Q1 · Prepared remarks: +7.62011 Q2 · Prepared remarks: +10.72011 Q3 · Prepared remarks: +4.62011 Q4 · Prepared remarks: +1.52012 Q1 · Prepared remarks: +0.42012 Q2 · Prepared remarks: +1.22012 Q3 · Prepared remarks: +4.42013 Q1 · Prepared remarks: +8.92013 Q2 · Prepared remarks: +9.42013 Q3 · Prepared remarks: +15.12013 Q4 · Prepared remarks: +19.92014 Q1 · Prepared remarks: +22.32014 Q2 · Prepared remarks: +12.52014 Q3 · Prepared remarks: +7.82014 Q4 · Prepared remarks: +10.62015 Q1 · Prepared remarks: +6.42015 Q2 · Prepared remarks: +3.92015 Q3 · Prepared remarks: +12.62015 Q4 · Prepared remarks: +19.02016 Q1 · Prepared remarks: +9.12016 Q2 · Prepared remarks: +13.72016 Q3 · Prepared remarks: +7.72016 Q4 · Prepared remarks: +15.62017 Q1 · Prepared remarks: +18.12017 Q2 · Prepared remarks: +13.12017 Q3 · Prepared remarks: +10.02017 Q4 · Prepared remarks: +15.62018 Q1 · Prepared remarks: +18.22018 Q2 · Prepared remarks: +14.92018 Q3 · Prepared remarks: +14.92018 Q4 · Prepared remarks: +9.82019 Q1 · Prepared remarks: +8.92019 Q2 · Prepared remarks: +13.22019 Q3 · Prepared remarks: +7.92019 Q4 · Prepared remarks: +10.22020 Q1 · Prepared remarks: +0.32020 Q2 · Prepared remarks: -7.22020 Q3 · Prepared remarks: -9.02020 Q4 · Prepared remarks: +2.12021 Q1 · Prepared remarks: +7.42021 Q2 · Prepared remarks: +19.02021 Q3 · Prepared remarks: +15.52021 Q4 · Prepared remarks: +8.32022 Q1 · Prepared remarks: +14.52022 Q2 · Prepared remarks: +17.92022 Q3 · Prepared remarks: +17.12022 Q4 · Prepared remarks: +14.82023 Q1 · Prepared remarks: +19.22023 Q2 · Prepared remarks: +21.12023 Q3 · Prepared remarks: +13.82023 Q4 · Prepared remarks: +18.72024 Q1 · Prepared remarks: +46.02024 Q2 · Prepared remarks: +16.72024 Q3 · Prepared remarks: +23.72024 Q4 · Prepared remarks: +23.32025 Q1 · Prepared remarks: +25.12005 Q4 · Q&A responses: +3.32006 Q1 · Q&A responses: +12.52006 Q2 · Q&A responses: +9.02006 Q3 · Q&A responses: +7.42006 Q4 · Q&A responses: +11.22007 Q1 · Q&A responses: +1.12007 Q2 · Q&A responses: +5.32007 Q3 · Q&A responses: +11.52007 Q4 · Q&A responses: +1.32008 Q1 · Q&A responses: +8.02008 Q2 · Q&A responses: +8.42008 Q3 · Q&A responses: +3.82008 Q4 · Q&A responses: +4.62009 Q1 · Q&A responses: +21.52009 Q2 · Q&A responses: +11.52009 Q3 · Q&A responses: +16.42009 Q4 · Q&A responses: -3.62010 Q3 · Q&A responses: +13.92010 Q4 · Q&A responses: +6.32011 Q1 · Q&A responses: +10.52011 Q2 · Q&A responses: +8.42011 Q3 · Q&A responses: +5.92011 Q4 · Q&A responses: +5.22012 Q1 · Q&A responses: +8.32012 Q2 · Q&A responses: +7.62012 Q3 · Q&A responses: +7.12013 Q1 · Q&A responses: +14.32013 Q2 · Q&A responses: +16.32013 Q3 · Q&A responses: +13.92013 Q4 · Q&A responses: +7.32014 Q1 · Q&A responses: +9.62014 Q2 · Q&A responses: +8.92014 Q3 · Q&A responses: +10.92014 Q4 · Q&A responses: +11.22015 Q1 · Q&A responses: +11.32015 Q2 · Q&A responses: +12.72015 Q3 · Q&A responses: +16.72015 Q4 · Q&A responses: +14.12016 Q1 · Q&A responses: +12.62016 Q2 · Q&A responses: +9.32016 Q3 · Q&A responses: +18.52016 Q4 · Q&A responses: +18.02017 Q1 · Q&A responses: +11.22017 Q2 · Q&A responses: +14.82017 Q3 · Q&A responses: +18.02017 Q4 · Q&A responses: +41.02018 Q1 · Q&A responses: +9.62018 Q2 · Q&A responses: +13.12018 Q3 · Q&A responses: +13.32018 Q4 · Q&A responses: +9.22019 Q1 · Q&A responses: +6.82019 Q2 · Q&A responses: +11.32019 Q3 · Q&A responses: +15.82019 Q4 · Q&A responses: +6.02020 Q1 · Q&A responses: +0.02020 Q2 · Q&A responses: +9.82020 Q3 · Q&A responses: +4.72020 Q4 · Q&A responses: +10.52021 Q1 · Q&A responses: +12.22021 Q2 · Q&A responses: +10.32021 Q3 · Q&A responses: +13.32021 Q4 · Q&A responses: +16.12022 Q1 · Q&A responses: +14.82022 Q2 · Q&A responses: +13.42022 Q3 · Q&A responses: +11.92022 Q4 · Q&A responses: +13.32023 Q1 · Q&A responses: +9.62023 Q2 · Q&A responses: +17.22023 Q3 · Q&A responses: +18.62023 Q4 · Q&A responses: +13.92024 Q1 · Q&A responses: +12.22024 Q2 · Q&A responses: +20.42024 Q3 · Q&A responses: +21.22024 Q4 · Q&A responses: +18.32025 Q1 · Q&A responses: +21.0
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$33.94$119.47$205.002005 Q42008 Q22011 Q22013 Q42016 Q22018 Q42021 Q22023 Q42014 Q1: $54.912014 Q2: $58.402014 Q3: $61.822014 Q4: $61.702015 Q1: $60.102015 Q2: $61.082015 Q3: $65.982015 Q4: $68.622016 Q1: $72.252016 Q2: $72.782016 Q3: $76.692016 Q4: $76.082017 Q1: $77.272017 Q2: $79.532017 Q3: $83.422017 Q4: $83.232018 Q1: $90.042018 Q2: $94.752018 Q3: $97.832018 Q4: $102.072019 Q1: $103.522019 Q2: $107.252019 Q3: $112.442019 Q4: $114.002020 Q1: $90.002020 Q2: $45.742020 Q3: $57.362020 Q4: $55.802021 Q1: $51.582021 Q2: $63.122021 Q3: $83.112021 Q4: $100.392022 Q1: $97.132022 Q2: $116.052022 Q3: $116.192022 Q4: $122.262023 Q1: $136.822023 Q2: $149.682023 Q3: $164.072023 Q4: $175.592024 Q1: $181.612024 Q2: $190.752024 Q3: $193.20

Forward P/E

10.9930.7250.452005 Q42008 Q22011 Q22013 Q42016 Q22018 Q42021 Q22023 Q42014 Q1: 23.442014 Q2: 20.842014 Q3: 18.992014 Q4: 17.432015 Q1: 19.662015 Q2: 19.052015 Q3: 20.012015 Q4: 19.422016 Q1: 18.702016 Q2: 17.942016 Q3: 18.642016 Q4: 20.092017 Q1: 22.882017 Q2: 23.032017 Q3: 22.432017 Q4: 20.942018 Q1: 24.312018 Q2: 22.232018 Q3: 19.692018 Q4: 17.012019 Q1: 17.012019 Q2: 17.172019 Q3: 18.312019 Q4: 17.472020 Q1: 13.712020 Q2: 35.822020 Q3: 31.502020 Q4: 37.612021 Q1: 47.732021 Q2: 36.412021 Q3: 28.592021 Q4: 21.222022 Q1: 22.682022 Q2: 17.002022 Q3: 16.932022 Q4: 16.412023 Q1: 17.662023 Q2: 17.442023 Q3: 18.992023 Q4: 19.502024 Q1: 19.272024 Q2: 20.832024 Q3: 20.85

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q2 tone ↓ -2.3 fwd EPS ↑ +3.49 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q1 tone ↓ -6.9 fwd EPS ↑ +3.63 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q1 tone ↓ -3.2 fwd EPS ↑ +1.19 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -2.4 fwd EPS ↑ +6.81 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↓ -4.1 fwd EPS ↑ +4.23 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -2.6 fwd EPS ↑ +1.45 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q4 tone ↓ -3.7 fwd EPS ↑ +1.56 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q3 tone ↓ -3.9 fwd EPS ↑ +11.62 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q4 tone ↑ +7.9 fwd EPS ↓ -1.56 Tone rose while the forward EPS estimate was cut.
  • 2021 Q1 tone ↑ +2.2 fwd EPS ↓ -4.22 Tone rose while the forward EPS estimate was cut.
  • 2021 Q4 tone ↓ -3.3 fwd EPS ↑ +17.28 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↑ +2.4 fwd EPS ↓ -3.26 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↓ -2.6 fwd EPS ↑ +14.39 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -9.0 fwd EPS ↑ +6.02 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-29+18.9——View →
2024 Q42025-02-20+17.9——View →
2024 Q32024-10-30+19.5$193.2020.9View →
2024 Q22024-08-01+14.8$190.7520.8View →
2024 Q12024-05-02+5.1$181.6119.3View →
2023 Q42024-02-22+14.1$175.5919.5View →
2023 Q32023-11-02+13.0$164.0719.0View →
2023 Q22023-08-03+15.7$149.6817.4View →