Reports Q3 revenue $7.99B, consensus $7.63B. Reports Q3 gross travel bookings $43.4B, an increase of 9% from the prior-year quarter. Room nights booked increased 8% from the prior-year quarter. “During the quarter, the Company recorded a $365 million accrual related to the proposed settlement of certain Italian indirect tax matters, which has been excluded from Adjusted Net income and Adjusted EBITDA. In addition, the Company recorded a reduction of $250 million to income tax expense based upon a recent U.S. Tax Court decision, which has been excluded from Adjusted Net income. For more information regarding these matters, see Notes 11 and 13 to the Unaudited Consolidated Financial Statements to be filed with the Quarterly Report on Form 10-Q for the quarter ended September 30,” the company stated.
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