🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

Booking Holdings Shares Rise On Q4 Revenue, Earnings Beat

Published 02/24/2022, 05:24 AM
BKNG
-

By Sam Boughedda

Investing.com -- Booking Holdings Inc (NASDAQ:BKNG) announced earnings per share of $15.83 on revenue of $2.98 billion. Analysts polled by Investing.com anticipated EPS of $13.40 on revenue of $2.86 billion.

The company's total revenues for Q4 increased 141% from the prior year's quarter.

Fourth-quarter gross travel bookings were $19 billion, representing an increase of 160% from the same quarter last year. Furthermore, room nights booked in the fourth quarter increased 100% from last year.

"Despite the negative impact on travel from the Omicron wave at the end of the fourth quarter, we delivered revenue and adjusted EBITDA results that were better than our expectations for the quarter," said Glenn Fogel, chief executive officer of Booking Holdings.

Booking Holdings shares rose 2% after-hours following the report.

Fogel added that he is "encouraged by the meaningful improvement in bookings we have seen so far in the first quarter of 2022.

"I believe we are well positioned as travel demand recovers, however, we do expect there will still be periods where COVID negatively impacts travel trends as we move through the year."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.