Booking Holdings today reported its 3rd quarter 2019 financial results.
Q3 Financial Results
Third quarter gross travel bookings for Booking Holdings were $25.3 billion, an increase of 4% over a year ago (approximately 7% on a constant-currency basis).
Room nights booked in the 3rd quarter increased 11% over a year ago.
Total revenues for the 3rd quarter of 2019 were $5.0 billion, a 4% increase from the prior year (approximately 7% on a constant-currency basis).
Net income in the 3rd quarter was $2.0 billion, which was 10% higher than the prior year.
Net income was $45.54 per diluted share, a 23% increase as compared to the prior year.
Non-GAAP net income in the 3rd quarter was $1.9 billion, an 8% increase versus the prior year.
Non-GAAP net income in the 3rd quarter was $45.36 per diluted share, a 20% increase as compared to the prior year.
Adjusted EBITDA for the 3rd quarter was $2.5 billion, a 5% increase versus a year ago.
"Booking Holdings executed well in our busiest quarter of the year as we booked 223 million room nights, which is up 11% year-over-year" said Glenn Fogel, Chief Executive Officer of Booking Holdings. Mr. Fogel continued, "Our third quarter financial results highlight our meaningful size and scale that we intend to leverage as we invest against a very large global travel market opportunity."
Guidance for Q4
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