Booking Holdings Shares Up 4% on Q2 EPS Beat, Expects Record Q3 Revenue By Investing.com

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

Stock Markets Aug 03, 2022 04:56PM ET

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

By Davit Kirakosyan

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.

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