Booking Holdings Inc. reported strong first-quarter 2025 earnings, surpassing market expectations across key metrics. The company posted revenue of $4.76 billion, an 8% increase year-over-year, beating estimates of $4.59 billion. Gross bookings rose 7% to $46.7 billion, slightly above the $46.47 billion forecast. Adjusted EBITDA reached $1.09 billion, up 21% from the previous year and exceeding the $849.8 million estimate. Adjusted earnings per share (EPS) were $24.81, representing a 22% increase year-over-year and surpassing the $17.45 consensus. Room nights sold grew 7% to 319 million, also beating expectations. Despite these positive results, Booking Holdings' stock declined approximately 4% in after-hours trading amid broader market uncertainty. CEO comments highlighted healthy growth driven by the company's globally diversified business. CFO Ewout Steenbergen emphasized disciplined expense management contributing to the EPS growth. Additionally, the company executed $1.8 billion in share buybacks during the quarter. Separately, Intercontinental Exchange (ICE) reported its strongest quarter ever with adjusted EPS of $1.72 and revenue of $2.47 billion, both exceeding estimates amid macroeconomic uncertainty.