Why did Booking Holdings stock soar today? The second quarter was that good
Thomas Barwick
Booking Holdings (NASDAQ:BKNG) extended Fridayâs rally to jump 5.5% on Monday after second-quarter earnings beat estimates.
Q2 non-GAAP EPS of $37.62 beat the average analyst estimate by $8.46, while revenue of $5.5B beat by $330M.
Room nights booked increased 9% from the prior-year quarter. Gross travel bookings of all travel services booked by our customers, net of cancellations, were $39.7B, an increase of 15% from the prior-year quarter.
"In the second quarter, we continued to see robust leisure travel demand, which helped drive stronger than expected room nights and gross bookings results in the quarter,â Chief Executive Officer Glenn D. Fogel said.
âWe have seen these strong trends continue into July, and we are currently preparing for what we expect to be a record summer travel season in the third quarter."
The stock has 15 Strong Buy ratings from Wall Street analysts, six Buys, 12 Holds, one Sell and one Strong Sell.
BKNG is up 59% so far this year and 66% over the past 12 months.
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 Booking Holdings Inc. (BKNG) Q2 2023 Earnings Call Transcript
Booking Holdings Non-GAAP EPS of $37.62 beats by $8.46, revenue of $5.5B beats by $330M
Booking Holdings rallies after strong bookings growth leads to earnings topper