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Jun 30, 2024

Booking Q2 2024 Earnings Report

Second quarter 2024 financial results reported, with room nights, revenue, and operating income exceeding prior expectations.

Key Takeaways

Booking Holdings reported a solid second quarter in 2024, with a 7% increase in room nights, a 4% increase in gross travel bookings to $41.4 billion, and a 7% increase in total revenues to $5.9 billion. Net income increased by 18% to $1.5 billion, and EPS increased by 27% to $44.38.

Room nights booked increased 7% from the prior-year quarter.

Gross travel bookings were $41.4 billion, an increase of 4% from the prior-year quarter.

Total revenues were $5.9 billion, an increase of 7% from the prior-year quarter.

Net income was $1.5 billion, an increase of 18% from the prior-year quarter.

Total Revenue
$5.86B
Previous year: $5.46B
+7.3%
EPS
$41.9
Previous year: $37.6
+11.4%
Room Nights
287M
Previous year: 268M
+7.1%
Rental Car Days
22M
Previous year: 20M
+10.0%
Airline Tickets
11M
Previous year: 9M
+22.2%
Gross Profit
$5.72B
Previous year: $5.3B
+7.8%
Cash and Equivalents
$16.3B
Previous year: $14.6B
+11.6%
Free Cash Flow
$2.38B
Previous year: $1.65B
+44.6%
Total Assets
$28.5B
Previous year: $26.6B
+7.5%

Booking

Booking

Booking Revenue by Segment

Forward Guidance

The company did not provide specific forward guidance in this earnings report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income