Booking Holdings (NASDAQ:BKNG) saw its share price slide 4.5% in after-hours trading Thursday after the company unveiled financial results for the fiscal Q4 2023.
The company reported earnings per share (EPS) of $32 for Q4, surpassing analysts' predictions of $29.66. Revenue was reported at $4.8 billion, also above the projected $4.71 billion.
Booking’s gross travel bookings during the quarter totaled $31.7 billion, marking a 16% increase compared to the same period last year.
Apart from its quarterly numbers, Booking also announced a quarterly cash dividend of $8.75 per share, approved by its board.
This dividend is scheduled for payment on March 28, 2024, to shareholders on record as of March 8, 2024.
"We are pleased to report a strong close to 2023 with fourth quarter room nights growing 9% year-over-year or 11% when excluding business associated with Israel, which was significantly impacted by the war,” Booking CEO Glenn Fogel said in a statement.
"We are confident in the long-term growth of leisure travel and in the opportunities ahead for our company as we continue our work to deliver a better offering and experience for our supply partners and our travelers."