Booking Holdingsreason 03 of 4it makes it for less than anyone else canderived 2026-09-11accession 0001075531-26-000037
The Transformation Program resulted in approximately $250 million in savings in 2025 and, as of the end of 2025, enabled approximately $550 million in annual run-rate savings
Expected annual run-rate savings increased to approximately $650 million; the majority of incremental savings above $550 million to be realized in 2027
Restructuring costs and accelerated investments are estimated to be, in the aggregate, less than one times the expected annual run-rate savings
Sales and other expenses as a percentage of total revenues decreased for the three months ended June 30, 2026 primarily due to efficiencies in third-party customer service costs
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It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedfour sentences · whole, uncut
the claims it rests on
“The Transformation Program resulted in approximately $250 million in savings in 2025 and, as of the end of 2025, enabled approximately $550 million in annual run-rate savings”
“Expected annual run-rate savings increased to approximately $650 million; the majority of incremental savings above $550 million to be realized in 2027”
“Restructuring costs and accelerated investments are estimated to be, in the aggregate, less than one times the expected annual run-rate savings”
“Sales and other expenses as a percentage of total revenues decreased for the three months ended June 30, 2026 primarily due to efficiencies in third-party customer service costs”