Says Q3 room nights exceeded the high end of prior expectations, driven by healthy demand across all major regions. Says Genius members book more often, convert at higher rates, book further in advance, cancel less and choose to come back more consistently than non-Genius customers. Says Q3 has historically been the seasonally highest absolute quarter in terms of revenue and earnings. Comments and guidance taken from Q3 earnings conference call.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKNG:
- Booking Holdings sees revenue growth of about 12% for FY25
- Booking ups view of ultimate annual run-rate savings from transformation program
- Booking Holdings reports Q3 adjusted EPS $99.50, consensus $95.92
- Booking CEO says ‘pleased to report a strong third quarter’
- Booking Holdings sees Q4 revenue growth of 10%-12%
