EXPE - Booking Holdings Q1 Results: Sustained Travel Demand And Improved Bookings Mix

2024-05-02 22:47:23 ET

Summary

• Booking Holdings reported strong Q1 FY24 earnings, beating targets and extending its streak of earnings beats to seven quarters in a row.
• Direct bookings mix on the company's online properties continues to drive higher bookings and revenue growth than anticipated.
• The company's strong performance in Q1 and sustained travel demand throughout the year make Booking Holdings a buy.

Investment Thesis

Booking Holdings ( BKNG ) reported earnings results for the first quarter of 2024, which was, in my opinion, a strong earnings result for the Norwalk, CT-headquartered fintech company. The travel technology company beat targets set for its Q1 FY24 quarter and has now extended its earnings beat history to seven quarters in a row....

For further details see: