Booking Reports Q4 Results: Earning Beat, Revenues Beat, Initiates Dividend
Portfolio Pulse from Erica Kollmann
Booking Holdings Inc. (NASDAQ:BKNG) reported Q4 earnings of $32.00 per share, surpassing estimates and marking a 29.35% increase from the previous year. Sales reached $4.78 billion, exceeding expectations and showing an 18.15% year-over-year growth. Gross travel bookings rose to $31.7 billion, a 16% increase, with room nights booked up 9%. The company initiated a quarterly dividend of $8.75 per share. CEO Glenn Fogel highlighted a strong year with over 1 billion room nights booked and record gross bookings, revenue, and operating income.
February 22, 2024 | 9:22 pm
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Booking Holdings Inc. reported strong Q4 results with earnings and sales surpassing estimates, initiated a quarterly dividend, and showed significant growth in gross bookings and room nights.
The positive earnings and revenue beat, along with the initiation of a dividend, indicate strong financial health and operational success. These factors typically lead to positive investor sentiment and could drive the stock price up in the short term. However, the after-hours trading indicates a 4.66% drop, suggesting that market reactions can be unpredictable and may not always align immediately with fundamental performance.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100