Booking Holdings: Further Valuation Upside From Cost-Cutting And Strategic Expansion Initiatives
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Booking Holdings reported strong Q3 2024 results with $7.99 billion in revenue, an 8.9% year-over-year growth. Despite slight margin deterioration, adjusted EBITDA exceeded guidance by 9%. Strategic initiatives and cost-saving programs are expected to drive further growth.
January 09, 2025 | 1:45 pm
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Booking Holdings reported strong Q3 2024 results with $7.99 billion in revenue, an 8.9% y/y growth. Despite slight margin deterioration, adjusted EBITDA exceeded guidance by 9%. Strategic initiatives and cost-saving programs are expected to drive further growth.
The strong Q3 results with significant revenue growth and EBITDA exceeding guidance indicate operational strength. Strategic initiatives in alternative accommodations and connected trips, along with a cost-saving program, suggest continued growth potential, positively impacting BKNG's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100