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Market Incident

Public · Developing

AI compiled from Infoway · 7 analyzed stories

Booking Holdings Q3 Profit Falls; Issues Q4 Outlook

Booking Holdings reported third-quarter net income of $2.72 billion, down from $2.75 billion a year earlier, while revenue fell 1% to $8.89 billion. Gross bookings rose 10% to $54.5 billion and room nights increased 7% to 345 million. For the fourth quarter, it forecasts modest growth in bookings, room nights, adjusted revenue and adjusted earnings per share.

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What happened

Booking Holdings reported that third-quarter gross bookings rose 10% to $54.5 billion and hotel room nights rose 7% to 345 million. Revenue fell 1% to $8.89 billion, while adjusted earnings per share rose 17% to $4.66. It expects modest fourth-quarter growth and cited travel disruptions.

Global impact / market context

More bookings and room nights show that travel demand held up in the third quarter. But lower revenue and a modest fourth-quarter outlook point to uncertainty ahead. The company also reported a $900 million revenue reduction and a $100 million loss related to an FTC matter.

What to watch

  1. Check fourth-quarter room-night growth against the expected 1% to 3%; this shows whether travel demand is holding up.
  2. Check reported fourth-quarter bookings, revenue, and adjusted earnings against the company’s modest-growth outlook; this shows how results compare with its expectations.
  3. Check whether travel disruptions and foreign-exchange headwinds continue to affect the outlook; the company cited them as concerns.

Affected assets

  • Booking Holdings Inc.

Evidence