| Booking Holdings Inc. (NASDAQ: BKNG) (the "Company," "we," "our," or "us") today reported its third quarter 2024 financial results: |
| • Room nights booked increased by 8% from the prior-year quarter. |
| • Gross travel bookings, which refers to the total dollar value, generally inclusive of taxes and fees, of all travel services booked by our customers, net of cancellations, were $43.4 billion, an increase of 9% from the prior-year quarter. |
| • Total revenues were $8.0 billion, an increase of 9% from the prior-year quarter. |
| • Net income was $2.5 billion, which was in line with the prior-year quarter. |
| • Net income per diluted common share (EPS) was $74.34, an increase of 7% from the prior-year quarter. |
| • Adjusted Net income was $2.8 billion, an increase of 9% from the prior year quarter. |
| • Adjusted Net income per diluted common share (Adjusted EPS) was $83.89, an increase of 16% from the prior-year quarter. |
| • Adjusted EBITDA was $3.7 billion, an increase of 12% from the prior-year quarter. |
| During the quarter, the Company recorded a $365 million accrual related to the proposed settlement of certain Italian indirect tax matters, which has been excluded from Adjusted Net Income and Adjusted EBITDA. In addition, the Company recorded a reduction of $250 million in income tax expense based upon a recent U.S. Tax Court decision, which has been excluded from Adjusted Net Income. For more information regarding these matters, see Notes 11 and 13 to the Unaudited Consolidated Financial Statements to be filed with the Quarterly Report on Form 10-Q for the quarter ended September 30, 2024. |
| The section below under the heading "Non-GAAP Financial Measures" provides definitions and information about the use of non-GAAP financial measures in this press release, including Adjusted Net income, Adjusted EPS, and Adjusted EBITDA, and the attached financial and statistical supplement reconciles non-GAAP financial results with Booking Holdings' financial results under GAAP. |
| "We are pleased to report third-quarter room night growth of 8%, which exceeded our prior expectations, driven primarily by stronger performance in Europe," said Glenn Fogel, Chief Executive Officer of Booking Holdings. "We continue to make progress against our strategic initiatives while driving cost efficiency in our business, which I believe will position our company well for the long term." |
| Fourth Quarter Dividend |
| Our Board of Directors declared a cash dividend of $8.75 per share, payable on December 31, 2024, to stockholders of record as of the close of business on December 6, 2024. |
| For the full document click the link below: |
| Booking Holdings Inc |
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