- Booking’s fourth-quarter revenue reached $5.47 billion, a 14% increase year-over-year, surpassing estimates of $5.18 billion.
- Agency revenue fell by 9.9% to $1.86 billion, just below the estimated $1.9 billion.
- Merchanting revenue increased by 35% to $3.34 billion, exceeding the estimate of $3.02 billion.
- The Adjusted Ebitda margin improved to 33.8%, compared to 30.6% the previous year, beating the projection of 31.8%.
- Advertising and other revenues grew by 9.7% to $271 million, slightly above estimates of $268.7 million.
- Marketing expenses rose by 10% to $1.58 billion, exceeding the expected $1.54 billion.
- Adjusted Ebitda surged by 26% to $1.85 billion, outperforming the estimate of $1.65 billion.
- Adjusted Earnings Per Share (EPS) increased to $41.55 from $32 the previous year, topping the estimate of $36.37.
- The company sold 14 million airline tickets, surpassing the estimate of 12.66 million, marking an increase of 52.3% year-over-year.
- Analysts’ ratings: 28 buys, 14 holds, and 0 sells.
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Booking Holdings on Smartkarma
On Smartkarma, independent analyst Baptista Research has provided insightful coverage on Booking Holdings Inc. The research report titled “Booking Holdings Inc.: Can They Tackle The Risks Associated With Intensified Competition in the Global Market? – Major Drivers” highlights the company’s strong performance in the third quarter of 2024. Booking Holdings saw significant improvements in key financial metrics, driven by robust demand, particularly in European and Asian markets. With an 8% year-over-year increase in room nights and total bookings nearing 300 million for the quarter, the company experienced a 9% rise in revenue to $8 billion. Moreover, adjusted EBITDA increased by 12% year-over-year to $3.7 billion, showcasing Booking Holdings‘ resilience and growth in the face of intensified competition.
A look at Booking Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Booking Holdings Inc., a prominent online travel company, demonstrates a promising long-term outlook based on Smartkarma’s Smart Scores. With a strong emphasis on growth and momentum, the company is positioned to capitalize on expanding opportunities in the travel industry. Its robust growth score reflects a positive trajectory for future revenue and market expansion, while the high momentum score indicates a favorable trend in stock price performance. Moreover, Booking Holdings exhibits resilience, instilling confidence in its ability to weather market fluctuations and challenges. Although the value score is nominal, the company’s focus on growth and momentum bodes well for its overall performance.
As an online travel platform catering to a global customer base, Booking Holdings is well-positioned to leverage its diverse portfolio of travel services, including accommodation reservations, car rentals, airline tickets, and vacation packages. The company’s moderate dividend score suggests a commitment to shareholder returns, adding to its attractiveness for investors seeking long-term growth potential. Overall, Booking Holdings‘ solid Smart Scores underscore its favorable prospects for sustained growth, driven by a combination of strong momentum, resilience, and a focus on capitalizing on expanding opportunities in the online travel sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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