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home / news releases / BKNG - Booking: An Excellent 2023 But It's Not Enough

BKNG - Booking: An Excellent 2023 But It's Not Enough

Booking Holdings Inc.

2024-02-23 12:30:00 ET

Summary

  • Booking beat revenue and EPS estimates for Q4 2023, but investors are doubtful about growth prospects in 2024.
  • Total revenues for 2023 were $21.36 billion, up 25% from 2022, driven mainly by the Merchant model.
  • Booking's long-term growth prospects remain solid, with vertical integration, expansion of the Genius program, and AI as drivers of growth.

Booking Holdings Inc. ( BKNG ) slumped after publishing Q4 2023 despite beating both revenue and EPS expectations :

  • Q4 Non-GAAP EPS of $32.00 beats by $1.95.
  • Revenue of $4.78B (+18.0% Y/Y) beats by $70M.

For further details see:

Booking: An Excellent 2023 But It's Not Enough
Stock Information
Company Name: Booking Holdings Inc.
Stock Symbol: BKNG
Market: NASDAQ
Website: bookingholdings.com
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