Booking Takes $1 Billion Hit Over Possible FTC Settlement, Sees ‘Mixed’ Travel Market

Photo Credit: Booking Holdings CEO Glenn Fogel at Skift Global Forum 2026 in New York City Skift Booking Holdings recorded a $900 million revenue reduction and a $100 million loss in the third quarter related to a potential FTC complaint against Booking's Priceline brand. "Priceline is in discussions with the FTC to seek to resolve a potential complaint from the FTC," Booking said in a statement. "Although a settlement has not been reached, for accounting purposes we recorded a reduction in revenue of $900 million and accrued a loss of $100 million." In a quarterly filing Tuesday, Booking Holdings said that the FTC may seek restitution and penalties that exceed $1 billion, as well as liti