Booking Holdings (BKNG), formerly known as Priceline, reported third-quarter earnings after the market close Monday that matched revenue estimates but fell short on earnings.
The online travel giant reported adjusted earnings of $37.78, missing Wall Street analyst predictions for $38.21. It reported revenue of $4.8 billion, matching analyst views for $4.8 billion.
Booking stock was up 8%, near 149.88, during after-hours trading on the stock market today.
Booking Holdings changed its name from Priceline early this year. The company has six main online properties, the largest being Booking.com. Its main competitor is Expedia (EXPE).
- Booking Holdings (NASDAQ:BKNG) reports gross bookings growth of 11.5% in Q3 to $24.27B/
- The company says agency revenue was $3.54B during the quarter and merchant revenue was $1.05B.
- EBITDA came in at $2.36B vs. $2.39B consensus.
- Hotel nights were up 13.4% during the quarter, while airline tickers rose 9.2%.
- Looking ahead, Booking expects Q4 total gross bookings growth of 10% to 13% and non-GAAP net income of $880M to $905M ($18.90 to $19.40 per share).
- Shares of Booking Holdings are up 7.69% AH trading to $2,020.17.
