Booking Holdings Shares Up 4% on Q2 EPS Beat, Expects Record Q3 Revenue

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.

By Davit Kirakosyan

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