Booking

By Callum Keown Booking Holdings’ ticked all the boxes with its earnings–beating revenue and profit estimates, breaking a number of company records, and initiating a quarterly dividend. Yet the stock plummeted 9% ahead of the open Friday. The travel industry’s stellar 2023 has posed a major problem so far this year — investors are facing up to the prospect of normalizing demand and growth in 2024. Booking also warned of the impact of the conflict in the Middle East, which hit the number of nights booked in the fourth quarter and is expected to do the same in the first three months of the year. The stock has had an impressive run recently, climbing 61% over the past year, and 10% so far in 2024 through Thursday’s close. But all good things come to an end, or at least take a pause. Booking issued guidance for gross bookings and revenue […]

Booking Holdings (NASDAQ:BKNG) reported Q2 non-GAAP net income  of $37.62 per diluted share, up from $19.08 a year earlier. Analysts polled by Capital IQ expected $29.16. Revenue for the quarter ended June 30 was $5.46 billion, compared with $4.29 billion a year earlier. Analysts surveyed by Capital IQ expected $5.17 billion.