{
  "id": 18031297,
  "title": "Booking Holdings takes $1 billion hit to third-quarter results linked to FTC action",
  "url": "https://urgent.news/2026/11/03/booking-holdings-takes-1-billion-hit-to-third-quarter-results-linked-18031297",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-03T21:39:09.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/booking-holdings-takes-1-billion-hit-third-quarter-results-linked-ftc-action-6518031"
  },
  "original_language": "en",
  "account": "Booking Holdings experienced a $900 million revenue reduction and a $100 million loss due to an FTC action concerning Priceline's involvement in deceptive hotel advertisements. The company's third-quarter revenue declined by 1% year-over-year, resulting in a 1.5% drop in its stock price following the news. The FTC has been investigating Priceline's partnership with Guest Reservations, a third-party website often charging higher prices and fees for hotel rooms. This investigation is related to potential violations of rules against impersonating other businesses and other possible fee-related violations. Guest Reservations has faced over 1,000 consumer complaints to the Better Business Bureau, with many customers accusing the company of surprise fees and unresponsive customer service representatives. While a settlement has not been reached, the company warned that future litigation and regulatory processes in other jurisdictions could negatively impact its business, results, and reputation.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}