Booking Holdings ( (BKNG) ) has released its Q4 earnings. Here is a breakdown of the information Booking Holdings presented to its investors.
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Booking Holdings Inc., a leading provider of online travel and related services, operates through consumer-facing brands such as Booking.com, Priceline, and Agoda, serving over 220 countries and territories. In the fourth quarter of 2024, Booking Holdings reported robust financial results, highlighted by a 13% increase in room nights and a 17% rise in gross bookings year-over-year. Revenue for the quarter grew by 14%, reflecting the company’s strong performance in the online travel industry.
Key financial metrics for the full year 2024 showed a 9% growth in room nights and a 10% increase in gross bookings. Revenue for the year rose by 11%, while net income per diluted common share saw a remarkable 47% increase. Adjusted EPS also showed a significant 23% growth compared to 2023. Additionally, the company repurchased $1.1 billion of stock in the fourth quarter and announced a new stock repurchase program of up to $20 billion.
The company’s disciplined approach to managing expenses contributed to a 383% increase in GAAP net income for Q4, as well as a 26% increase in adjusted EBITDA. Booking Holdings also reported a 10% increase in its quarterly cash dividend, highlighting its commitment to returning capital to shareholders.
Looking forward, Booking Holdings remains focused on long-term investments, particularly in leveraging generative AI technology to enhance value for travelers and partners, as stated by CEO Glenn Fogel. The company’s strategic initiatives and financial discipline position it well for continued growth in the dynamic online travel sector.
