On October 30, 2024, Booking Holdings Inc (BKNG, Financial) released its 8-K filing detailing its financial results for the third quarter of 2024. As the world’s largest online travel agency, Booking Holdings offers a wide range of travel services through its various platforms, including Booking.com, Agoda, and OpenTable. The company reported a 9% increase in total revenues, reaching $8.0 billion, surpassing the estimated revenue of $7,625.24 million. However, the reported earnings per share (EPS) of $74.34 fell short of the analyst estimate of $76.62.
Performance Highlights and Challenges
Booking Holdings Inc (BKNG, Financial) demonstrated robust performance with an 8% increase in room nights booked and a 9% rise in gross travel bookings, totaling $43.4 billion. Despite these positive indicators, the company’s net income remained flat at $2.5 billion compared to the prior-year quarter. The EPS growth of 7% to $74.34 was overshadowed by the adjusted EPS of $83.89, which marked a 16%…