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Booking reports Q4 beat, revenues up 36%

AuthorDavit Kirakosyan
Published 23/02/2023, 21:54
© Reuters
BKNG
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By Davit Kirakosyan

Booking Holdings (NASDAQ:BKNG) reported strong Q4 results, with EPS of $24.74 coming in better than the consensus estimate of $22.00.

Revenue grew 36% year-over-year (up 49% on a constant-currency basis) to $4B, beating the consensus estimate of $3.9B.

Q4 gross travel bookings were $27.3B, representing an increase of 44% year-over-year (or 58% on a constant-currency basis). Room nights booked increased 39% year-over-year.

"Looking back at the full year of 2022, I am proud of our company’s performance during what was a challenging and competitive environment. We generated our highest-ever level of revenue of $17 billion in the year, which increased 56% versus 2021 and was 13% higher than in 2019," said Glenn Fogel, CEO of the company.

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