Booking Holdings Shares Up 4% on Q2 EPS Beat, Expects Record Q3 Revenue
2022.08.04 01:14
Booking Holdings Shares Up 4% on Q2 EPS Beat, Expects Record Q3 Revenue
By Davit Kirakosyan
Booking Holdings (NASDAQ:BKNG) shares rose more than 4% after-hours Wednesday following the company’s reported Q2 results, with EPS of $19.08 coming in better than the consensus estimate of $18.25. Revenue grew 99% year-over-year to $4.3 billion, compared to the consensus estimate of $4.34 billion.
According to Glenn Fogel, CEO of Booking Holdings, the company continued to see very strong accommodation ADR growth, which helped drive a 38% growth (or 48% growth on a constant currency basis) in gross bookings in Q2, compared to pre-pandemic Q2/19.
“Looking forward, we expect record Q3 revenue and are very busy working with our customers and partners to help enable an extremely busy summer travel season,” added Fogel.
