Second-quarter adjusted earnings at Booking topped analysts' estimates.
Booking Holdings Inc. (NASDAQ:BKNG ) Q2 2024 Earnings Conference Call August 1, 2024 4:30 PM ET Company Participants Glenn Fogel - Chief Executive Officer Ewout Steenbergen - Chief Financial Officer Conference Call Participants Mark Mahaney - Evercore Kevin Kopelman - TD Cowen Justin Post - Bank of America Doug Anmuth - JPMorgan Eric Sheridan - Goldman Sachs James Lee - Mizuho Securities Stephen Ju - UBS Lee Horowitz - Deutsche Bank. John Colantuoni - Jefferies Naved Khan - B.
Online travel company Booking Holdings is seeing positive outcomes from its latest tech-driven initiatives, according to its second-quarter earnings report. Booking Holdings Thursday (Aug. 1) reported a 7% year-over-year increase in room nights booked, reaching 287 million for the second quarter.
While the top- and bottom-line numbers for Booking Holdings (BKNG) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Booking Holdings (BKNG) came out with quarterly earnings of $41.90 per share, beating the Zacks Consensus Estimate of $39.39 per share. This compares to earnings of $37.62 per share a year ago.
Booking Holdings (NASDAQ: BKNG), the world's largest online travel agency, that offers services from lodging to airline tickets to car rentals, is scheduled to announce its fiscal second-quarter results on Thursday, August 1. We expect the company's stock to likely see little to no movement with revenues and earnings matching market expectations.
Spain's competition authority, the CNMC, has found that online travel agency Booking.com abused a dominant market position over the past five years. It fined the company €413.24 million (or around $447 million at current exchange rates) on Tuesday.
Spain's competition watchdog said Tuesday it had slapped online travel agency Booking.com with a record 413-million-euro fine for "abusing its dominant position" during the past five years.
Besides Wall Street's top -and-bottom-line estimates for Booking Holdings (BKNG), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
Booking Holdings (BKNG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Booking Holdings' (BKNG) Priceline partners with Cover Genius to enhance travel protection, thereby boosting its customer momentum.