Booking Holdings Inc ( BKNG ) reported fourth-quarter financial results after the market close on Thursday. Here’s a rundown of the report.

Q4 Earnings: Booking Holdings ( BKNG ) reported fourth-quarter revenue of $5.47 billion, beating analyst estimates of $5.18 billion. The online travel agency company reported fourth-quarter adjusted earnings of $41.55 per share, beating analyst estimates of $35.89 per share, according to Benzinga Pro.

Total revenue was up 14% on a year-over-year basis, room nights increased 13% year-over-year and gross bookings climbed 17%.

Booking Holdings ( BKNG ) generated approximately $700 million in operating cash flow and $600 million in free cash flow during the quarter. The company ended the period with $16.16 billion in cash and cash equivalents.

“We are pleased to be reporting a strong finish to 2024, with full year revenue increasing by 11% year-over-year while delivering faster profitability growth, as we continue to take a disciplined approach to managing our expenses,” said Glenn Fogel, CEO of Booking Holdings ( BKNG ).

“We remain highly focused on appropriately investing in our business for the long term, including by leveraging and deploying Generative AI technology to drive further value to our travelers and partners.”

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Booking Holdings ( BKNG ) repurchased $1.1 billion of its common stock in the fourth quarter. The company had $7.7 billion remaining under its share repurchase program as of Dec. 31.

Booking Holdings’ board also declared a cash dividend of $9.60 per share, up from $8.75 per share. The dividend is payable on March 31 to shareholders of record as of March 7.

Management will further discuss the quarter on a conference call set for 4:30 p.m. ET.

BKNG Price Action: Booking Holdings ( BKNG ) shares were up 3.84% after hours, trading at $5,211.07 at the time of publication Thursday, according to Benzinga Pro.