| Booking Holdings Inc. (NASDAQ: BKNG) (the “Company,” “we,” “our,” or “us”) today reported its fourth quarter and full year 2024 financial results. |
| Fourth Quarter 2024 Highlights |
- Room nights grew 13% compared to 2023.
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- Gross bookings grew 17% compared to 2023, or 18% on a constant-currency basis.
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- Revenue grew 14% compared to 2023, or 15% on a constant-currency basis.
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| Full Year 2024 Highlights |
- Room nights grew 9% compared to 2023.
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- Gross bookings grew 10% compared to 2023, or 11% on a constant-currency basis.
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- Revenue grew 11% compared to 2023, or 12% on a constant-currency basis.
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- Net income per diluted common share (GAAP EPS) increased 47% compared to 2023.
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- Adjusted Net income per diluted common share (Adjusted EPS) increased 23% compared to 2023.
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| "We are pleased to be reporting a strong finish to 2024, with full-year revenue increasing by 11% year-over-year while delivering faster profitability growth, as we continue to take a disciplined approach to manage our expenses," said Glenn Fogel, Chief Executive Officer of Booking Holdings. "We remain highly focused on appropriately investing in our business for the long term, including by leveraging and deploying Generative AI technology to drive further value to our travellers and partners." |
| Active Return of Capital to Shareholders |
| First Quarter Dividend |
- Our Board of Directors declared a cash dividend of $9.60 per share, payable on March 31, 2025, which is a 10% increase from the quarterly cash dividend per share of $8.75 in 2024. The cash dividend will be payable to stockholders of record as of the close of business on March 7, 2025.
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| Stock Repurchase Program |
- We repurchased $1.1 billion of stock under our authorized stock repurchase program in the fourth quarter of 2024, and our total remaining stock repurchase authorization was $7.7 billion as of December 31, 2024.
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- In January 2025, our Board authorized a program to repurchase up to an additional $20 billion of our common stock.
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| Discrete Items |
- For the quarter and year ended December 31, 2024, the Company recorded a loss of $796 million related to the conversion option on the convertible senior notes due in May 2025, which primarily represents the changes in the fair value of an embedded derivative and amortization of debt discount. Under U.S. GAAP, the conversion option is required to be accounted separately as an embedded derivative as, during the quarter, the Company irrevocably elected cash as the settlement method for the conversion premium on the maturity of the notes. See the Consolidated Financial Statements included in the Company’s 2024 Form 10-K for additional information.
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| For the full document click the link below: |
| Booking Holdings Inc |
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