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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Booking Holdings (GB:0W2Y) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:0W2Y Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 09, 2018	2018 (Q2)	- / 20.67	15.14	36.53% (+5.53)	―	―
Nov 05, 2018	2018 (Q3)	- / 37.78	35.22	7.27% (+2.56)	―	―
Feb 27, 2019	2018 (Q4)	- / 22.49	16.86	33.39% (+5.63)	―	―
May 09, 2019	2019 (Q1)	- / 11.17	12	-6.92% (-0.83)	―	―
Aug 07, 2019	2019 (Q2)	- / 23.59	20.67	14.13% (+2.92)	―	―
Nov 07, 2019	2019 (Q3)	- / 45.36	37.78	20.06% (+7.58)	―	―
Feb 26, 2020	2019 (Q4)	- / 23.30	22.49	3.60% (+0.81)	―	―
May 07, 2020	2020 (Q1)	- / 3.77	11.17	-66.25% (-7.40)	―	―
Aug 06, 2020	2020 (Q2)	- / -10.81	23.59	-145.82% (-34.40)	―	―
Nov 05, 2020	2020 (Q3)	- / 12.27	45.36	-72.95% (-33.09)	―	―

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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GB:0W2Y Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 30, 2024	$4446.46	$4652.35	+4.63%
Aug 01, 2024	$3627.55	$3334.76	-8.07%
May 02, 2024	$3410.12	$3561.33	+4.43%
Feb 22, 2024	$3870.71	$3479.93	-10.10%

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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