NASDAQ$BKNG

Booking Holdings Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported strong financial results for the third quarter, achieving record quarterly revenue and Adjusted EBITDA.

Booking Holdings reported a strong third quarter with gross travel bookings of $32.1 billion, a 36% increase year-over-year. Total revenues were $6.1 billion, up 29% from the prior year, and net income reached $1.7 billion, a 117% increase. The company saw improvements in room night trends and strong accommodation ADR growth.

  • Gross travel bookings increased by 36% year-over-year to $32.1 billion.
  • Total revenues grew by 29% year-over-year to $6.1 billion.
  • Net income increased by 117% year-over-year to $1.7 billion.
  • Non-GAAP net income per diluted common share increased by 41% to $53.03.

Headline financials

Total Revenue

$6.05B

Previous: $4.68B+29.4%
EPS (adj)

$53.03

Previous: $37.70+40.7%
Room Nights

240.0M

Previous: 183.0M+31.1%
Rental Car Days

16.0M

Previous: 13.0M+23.1%
Airline Tickets

6.0M

Previous: 4.0M+50.0%
Total Gross Bookings

$32.1B

Previous: $23.7B+35.5%
Capital Expenditures

-$293M

Previous: -$203M-44.3%
Free Cash Flow

$1.37B

Previous: $566M+142.6%
Net Income

$1.67B

Previous: $769M+116.6%
Operating Income

$2.58B

Previous: $2.02B+28.2%
Gross Profit

$6.05B

Previous: $4.68B+29.4%
Cash & Equivalents

$9.02B

Previous: $11.6B-22.5%
Total Assets

$22.1B

Previous: $23.3B-5.5%

Revenue & EPS history

Booking · Revenue · Quarterly

$6.05B

Q3 2022+29.4%vs Q3 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Booking · $6.05B total across 3 segments · Q3 2022

  • Agency Revenue
    $3.2B+11.7%
  • Merchant Revenue
    $2.61B+61.2%
  • Advertising & Other
    $235M+25.7%

Forward guidance

Despite the rising concern around the macroeconomic environment, the company is encouraged by the slight improvement in room night growth seen in October and by the level of bookings for travel in early 2023.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+1.4%

Avg return

Earnings day

-0.0%

Avg return

5 days after

+2.2%

Avg return

30 days after

57%

40 / 70 earnings

Positive

+26.9%

Q4 2009

Best reaction

-15.5%

Q2 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.6%-4.5%-3.5%
Q4 2025-5.7%-4.7%+1.3%
Q3 2025-4.4%-1.8%-4.0%
Q2 2025+0.4%-2.1%+0.1%
Q1 2025+3.9%+5.7%+12.4%
Q4 2024-0.5%+0.3%-8.0%
Q3 2024+5.6%+7.9%+17.5%
Q2 2024-10.4%-8.0%+5.2%
Q1 2024+4.7%+5.6%+10.6%
Q4 2023-6.3%-7.0%-3.1%
Q3 2023+3.3%+8.9%+14.2%
Q2 2023+6.2%+11.8%+8.0%
Q1 2023-2.9%-0.4%-0.8%
Q4 2022+1.1%+4.0%+3.0%
Q3 2022-3.4%-2.9%+10.4%
Q2 2022-0.5%-0.0%-6.1%
Q1 2022+3.1%-3.9%+10.9%
Q4 2021-8.9%-13.7%-10.7%
Q3 2021-0.7%+7.6%-13.8%
Q2 2021+3.2%+0.9%+7.7%
Q1 2021-4.3%-5.0%-2.8%
Q4 2020-3.7%-1.6%-1.5%
Q3 2020+4.1%+17.2%+24.0%
Q2 2020+1.7%+4.7%+11.2%
Q1 2020+3.8%+0.5%+31.5%
Q4 2019-3.9%+0.1%-27.3%
Q3 2019-6.6%-6.8%-4.1%
Q2 2019+8.6%+7.3%+10.1%
Q1 2019+4.5%+2.4%+1.5%
Q4 2018-11.4%-10.9%-8.9%
Q3 2018+4.0%+3.3%-0.6%
Q2 2018-7.2%-10.3%-7.0%
Q1 2018-3.8%-4.1%-1.2%
Q4 2017+6.7%+6.7%+9.2%
Q3 2017-13.1%-10.4%-9.3%
Q2 2017-6.7%-9.2%-9.7%
Q1 2017-4.2%-4.5%-0.6%
Q4 2016+5.7%+6.3%+9.4%
Q3 2016+10.8%+8.2%+7.2%
Q2 2016+3.1%+2.6%+3.8%
Q1 2016-8.4%
Q4 2015+12.7%
Q3 2015-8.7%
Q2 2015+5.3%
Q1 2015-4.7%
Q4 2014+8.3%
Q3 2014-8.6%
Q2 2014+1.0%
Q1 2014+0.4%
Q4 2013+3.3%
Q3 2013+1.4%
Q2 2013+4.6%
Q1 2013+4.1%
Q4 2012+3.6%
Q3 2012+10.6%
Q2 2012-15.5%
Q1 2012-4.9%
Q4 2011+7.2%
Q3 2011+7.7%
Q2 2011+4.5%
Q1 2010-0.9%
Q1 2011+2.0%
Q1 2009-1.8%
Q4 2008-1.8%
Q4 2010-1.8%
Q3 2010+7.8%
Q3 2009+7.8%
Q2 2010+26.9%
Q2 2009+26.9%
Q4 2009+26.9%

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