Booking Holdings Expects 10% Revenue Growth Despite Challenging Comparisons
AI Summary1 min read
TL;DR
Booking Holdings reported strong Q3 results with 8% room night growth and 19% adjusted EPS rise. Despite tough comparisons in Europe and US, it projects 10% revenue and high-teens EBITDA growth for the year.
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Booking HoldingsRevenue GrowthQ3 EarningsEBITDATravel Industry
Booking Holdings Inc. (BKNG) reported an 8% increase in room nights and 19% rise in adjusted EPS in Q3. Bernstein maintained its Market Perform rating and $5,433 price target, praising the company's solid operational performance and annual run-rate savings forecasts. Despite challenging European comparisons and tough US macroeconomic environments, Booking Holdings projects 10% revenue growth and high-teens EBITDA growth for the year.
