Booking Holdings Posts Higher 2Q Profit, Revenue on More Bookings
By Connor Hart
Booking Holdings posted higher second-quarter profit and revenue on increased room nights and travel bookings.
The Norwalk, Conn. based online travel company on Thursday reported a profit of $1.52 billion, or $44.38 a share, up from $1.29 billion, or $34.89 a share, in the year-ago quarter.
Adjusted per-share earnings were $41.90, beating analysts' forecast of $38.63, according to FactSet.
Revenue rose 7% to $5.86 billion. Analysts surveyed by FactSet expected revenue of $5.77 billion.
Booking said gross travel bookings increased 4.4% to $41.4 billion, slightly below the $41.77 billion forecast by analysts. Room nights booked grew 7.1% from the previous year.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
August 01, 2024 16:42 ET (20:42 GMT)
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