Booking Holdings beats by $2.28, beats on revs, gross bookings growth of 16%; initiates quarterly dividend
- Reports Q4 (Dec) earnings of $32.00 per share, excluding non-recurring items, $2.28 better than the FactSet Consensus of $29.72; revenues rose 18.2% year/year to $4.78 bln vs the $4.71 bln FactSet Consensus.
- Gross travel bookings, which refers to the total dollar value, generally inclusive of taxes and fees, of all travel services booked by our customers, net of cancellations, for the fourth quarter were $31.7 billion, an increase of 16% from the prior-year quarter.
- Room nights booked increased 9% from the prior-year quarter.
- Co added, "We are confident in the long-term growth of leisure travel and in the opportunities ahead for our company as we continue our work to deliver a better offering and experience for our supply partners and our travelers."
- Co declared a quarterly cash dividend of $8.75 per share, payable on March 28, 2024 to stockholders of record as of the close of business on March 8, 2024. Co expects to pay a cash dividend on a quarterly basis going forward.
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