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.
Read the full article on Seeking Alpha
For further details see:
Booking: An Excellent 2023 But It's Not Enough