Booking.Com's Q1 Earnings Show Growth In Travel Demand - Here's Why
Portfolio Pulse from Erica Kollmann
Booking Holdings Inc. (NASDAQ:BKNG) reported Q1 earnings surpassing analyst expectations with earnings of $20.39 per share and sales of $4.415 billion, indicating a 16.86% increase year-over-year. Gross travel bookings rose to $43.5 billion, a 10% increase from the previous year, with room nights booked up by 9%. The company also declared a cash dividend of $8.75 per share. CEO Glenn Fogel highlighted strong growth in room nights, revenue, and operating income, attributing success to improvements in the booking experience and the Genius loyalty program.
May 02, 2024 | 8:52 pm
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Booking Holdings Inc. reported strong Q1 earnings, surpassing analyst expectations with significant growth in sales, earnings per share, and gross travel bookings. The company also announced a cash dividend of $8.75 per share.
The positive earnings report, with significant beats on both earnings per share and sales expectations, indicates strong financial health and growth in travel demand. The announcement of a cash dividend further supports a positive outlook, likely leading to increased investor confidence and potential stock price appreciation in the short term.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100