Booking Holdings Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Booking Holdings (NASDAQ:BKNG) Full Year 2024 Results

Key Financial Results

• Revenue: US$23.7b (up 11% from FY 2023).
• Net income: US$5.88b (up 37% from FY 2023).
• Profit margin: 25% (up from 20% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$175 (up from US$119 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Booking Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 2.5%.

In the last 12 months, the only revenue segment was Travel Services contributing US$23.7b. The largest operating expense was Sales & Marketing costs, amounting to US$10.4b (72% of total expenses). Explore how BKNG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are down 1.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Booking Holdings that you need to be mindful of.

Valuation is complex, but we're here to simplify it.

Discover if Booking Holdings might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.