Overview

* Booking Holdings ( BKNG ) Q3 revenue hits $9 bln, beating analyst expectations

* Adjusted EPS for Q3 at $99.5, surpassing consensus estimates

* Net income for Q3 was $2.7 bln, no analyst estimates provided

Outlook

* Company did not provide specific future guidance in its press release

Result Drivers

* ROOM NIGHTS INCREASE - Co reports room nights booked rose 7% from prior-year qtr

* GROSS TRAVEL BOOKINGS - Gross travel bookings increased 4% from prior-year qtr, contributing to revenue growth

* STRATEGIC INITIATIVES - CEO Glenn Fogel mentions focus on strategic initiatives and cost efficiency

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $9 bln $8.71

Revenue bln (31

Analysts

)

Q3 Beat $99.50 $95.65

Adjusted (23

EPS Analysts

)

Q3 EPS $84.41

Q3 Net $2.70

Income bln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 28 "strong buy" or "buy", 13 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the leisure & recreation peer group is "buy"

* Wall Street's median 12-month price target for Booking Holdings Inc ( BKNG ) is $6,100.00, about 13.9% above its October 27 closing price of $5,254.40

* The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 25 three months ago

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)