BKNG Earnings Prediction
The chart below shows how BKNG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BKNG sees a -0.58% change in stock price 10 days leading up to the earnings, and a +5.92% change 10 days following the report. On the earnings day itself, the stock moves by -0.05%. This data can give you a slight idea of what to expect for the next quarter's release.
BKNG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
7.99B
8.90%
36.44%
Gross Margin
--
--
--
Operating Margin
39.77%
-5.98%
25.54%
Net Margin
31.49%
-7.95%
21.30%
EPS
74.33
6.52%
67.45%
No Data Available
BKNG Earnings Analysis
Booking Holdings Inc. Common Stock Corporation (BKNG.O) Earnings Conference Call
Positive
Room Nights Growth Exceeds Guidance: In the third quarter, our room nights grew 8%, exceeding the high end of our guidance by 3 percentage points.
Revenue Exceeds Guidance: Revenue of $8 billion grew 9% year-over-year, exceeding the high end of our guidance by five percentage points.
EBITDA Growth and Performance: Adjusted EBITDA of $3.7 billion grew 12% year-over-year and was above our expectations, driven by higher revenue and lower-than-expected fixed expenses.
Earnings Per Share Growth: Adjusted earnings per share grew 16% year-over-year, benefiting from a 6% lower average share count than the third quarter of 2023.
Alternative Accommodation Growth: We continue to see strong growth in our alternative accommodation room nights at Booking.com, which grew 14% in the third quarter.
Negative
Cash and Investments Decline: The third quarter ending cash and investments balance of $16.3 billion was down versus our second quarter ending balance of $16.8 billion due to about $2 billion of capital return, including share repurchases and dividends and a pay down of about $1.1 billion for debt that matured in September, partially offset by about $2.3 billion in free cash flow generated in the quarter.
Room Nights Growth Exceeds Guidance: Our third quarter room nights in the third quarter grew 8%, which exceeded the high end of our guidance by 3 percentage points.
Q3 Revenue Growth Exceeds Guidance: The third quarter revenue of $8 billion grew 9% year-over-year, which also exceeded the high-end of our guidance by five percentage points.
Fixed Expenses Analysis: Our fixed expenses on an adjusted basis were up 7% year-over-year and were below our expectations due primarily to lower IT expenses, some of which we expect to shift into the fourth quarter, as well as lower G&A expenses.
Room Night Growth Forecast: We expect fourth quarter room night growth to be between 6% and 8%, continuing our positive trend from the third quarter.
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BKNG Earning Call Sentiment
Booking Holdings Inc. (BKNG) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
BKNG.O
-1.88%Positive
The earnings call summary reveals strong financial performance, with revenue and EPS exceeding expectations, and a significant share repurchase program boosting shareholder returns. Despite regulatory risks and competitive pressures, the company shows resilience in Europe and Asia, and has a robust cash position. The Q&A section highlights management's optimism about future growth, although some concerns were noted regarding AI's financial impact and booking window effects. Overall, the positive financial results and shareholder returns outweigh the uncertainties, suggesting a positive stock price movement in the short term.