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Booking Holdings (BKNG)
NASDAQ:BKNG
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$36.13Last Year’s EPS
$32Same Quarter Last Year
Moderate Buy
Based on 31 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 13.28%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call highlights strong financial performance and growth, especially in alternative accommodations and Asia, along with advancements in AI and connected trip initiatives. However, challenges remain in the U.S. market and global geopolitical uncertainties present potential risks.Company Guidance
In the third quarter of 2024, Booking Holdings exceeded expectations with several key metrics. Room nights increased by 8% year-over-year, reaching nearly 300 million, while revenue grew by 9% to $8 billion. Adjusted EBITDA rose by 12% to $3.7 billion, and adjusted earnings per share increased by 16%, supported by a 6% reduction in average share count. The company's merchant mix climbed to 65% of total gross bookings, a notable increase from the previous year. In the alternative accommodations sector, room night growth was 14%, with listings on Booking.com reaching 7.9 million, marking a 10% increase. Additionally, connected trip transactions grew by over 40% year-over-year, and air ticket bookings surged by 39%. Looking ahead, the company anticipates room night growth to continue in the fourth quarter, with an expected increase of 6% to 8% and projected gross bookings growth of 7% to 9%.Strong Q3 Performance
Revenue of $8 billion grew 9% year-over-year, with adjusted EBITDA of $3.7 billion increasing 12% year-over-year. Adjusted earnings per share grew 16% year-over-year.
Growth in Alternative Accommodations
Alternative accommodations room night growth was 14% in Q3, with listings reaching 7.9 million, up about 10% from last year.
Connected Trip and AI Advancements
Connected trip transactions increased by over 40% year-over-year. Significant advancements in AI, including AI trip planner and generative AI travel assistant Penny.
Strong Growth in Asia
Asia showed continued strong performance with double-digit growth and accounted for about 24% of global room nights over the last 12 months, a higher mix than pre-pandemic.
High Direct Channel and Mobile App Usage
Mid-50% range of room nights came from direct channels, and mobile app bookings were in the mid-50% range.
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BKNG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BKNG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $4456.54 | $4668.51 | +4.76% |
| Aug 01, 2024 | $3649.65 | $3314.94 | -9.17% |
| May 02, 2024 | $3451.20 | $3555.01 | +3.01% |
| Feb 22, 2024 | $3867.70 | $3475.15 | -10.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Booking Holdings (BKNG) report earnings?
Booking Holdings (BKNG) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Booking Holdings (BKNG) earnings time?
Booking Holdings (BKNG) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BKNG EPS forecast?
BKNG EPS forecast for the fiscal quarter 2024 (Q4) is $36.13.
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