Booking Holdings Reports Strong Second Quarter Earnings Results for FY2023

August 29, 2023

☀️Earnings Overview

On August 3 2023, BOOKING HOLDINGS ($NASDAQ:BKNG) announced their earnings results for the second quarter of FY2023, which concluded on June 30 2023. Total revenue was USD 5462.0 million, a 27.2% increase from the same quarter of the prior year, and net income rose to USD 1290.0 million – an increase of 50.5% from the prior year.

Price History

On Thursday, Booking Holdings released its second quarter earnings report for Fiscal Year 2023. The report showed strong results, with the stock opening at $2815.0 and closing at $2839.9, down by 1.6% from prior closing price of 2884.9. Booking Holdings’ strong performance was largely attributed to its focus on expanding its presence in emerging markets, such as India and China.

The company is also focused on developing new technologies to improve the user experience, such as artificial intelligence, machine learning, and voice search. Overall, Booking Holdings’ second quarter earnings report for Fiscal Year 2023 demonstrated impressive results and further highlighted the company’s commitment to growth and innovation. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Booking Holdings. More…

    Total Revenues Net Income Net Margin
    19.34k 4.46k 24.2%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Booking Holdings. More…

    Operations Investing Financing
    6.8k 1.27k -5.31k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Booking Holdings. More…

    Total Assets Total Liabilities Book Value Per Share
    26.56k 27.22k -18.45
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Booking Holdings are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    19.6% 21.1% 32.2%
    FCF Margin ROE ROA
    33.3% 1904.3% 14.7%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we believe that doing your due diligence is the most important step when considering an investment. That’s why we offer free and easy access to fundamental analysis on companies like BOOKING HOLDINGS. Our Risk Rating algorithm assesses the company‚Äôs financial and business activities to give you an indication of how risky your investment could be. Based on our analysis, we have determined that BOOKING HOLDINGS is a high risk investment. We’ve detected two risk warnings in the company’s income sheet and balance sheet, which you can take a closer look at by signing up for a free GoodWhale account. With GoodWhale, you can easily assess the potential risks and rewards of your next investment, and make data-driven decisions based on the facts. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    Booking Holdings Inc, Expedia Group Inc, Ezfly International Travel Agent Co Ltd, and Adventure Inc are all travel companies that compete for customers. They all offer different services, but they all aim to make booking travel easier and more convenient for customers.

    – Expedia Group Inc ($NASDAQ:EXPE)

    Expedia Group is an online travel company that owns and operates a portfolio of travel brands. Its brands include Expedia.com, Hotels.com, trivago, HomeAway, Orbitz, Travelocity, Wotif, lastminute.com.au, and eLong. The company offers a one-stop travel booking experience to its customers. It enables customers to compare prices and book travel services from a single platform.

    – Ezfly International Travel Agent Co Ltd ($TPEX:2734)

    Ezfly International Travel Agent Co Ltd is a travel company based in Taiwan. The company offers a variety of travel services, including flight tickets, hotel reservations, and tour packages. Ezfly International Travel Agent Co Ltd has a market cap of 912.87M as of 2022, a Return on Equity of -19.32%. The company has been negatively impacted by the COVID-19 pandemic, as travel restrictions have prevented customers from using its services. Ezfly International Travel Agent Co Ltd is working to adapt its business model in order to survive the pandemic and continue operating in the future.

    – Adventure Inc ($TSE:6030)

    Adventure Inc. is a publicly traded company with a market capitalization of $85.43 billion as of 2022. The company’s return on equity is 13.93%. Adventure Inc. operates in the adventure travel industry, providing travelers with unique and immersive experiences. The company has a strong focus on customer service and safety, and has been recognized as a leader in the industry. Adventure Inc. offers a variety of travel products and services, including adventure tours, safaris, and cruise vacations.

    Summary

    Booking Holdings (BKNG) reported strong second quarter earnings with total revenue of USD 5462.0 million, up 27.2% year-over-year and net income increasing 50.5% to USD 1290.0 million. This is a positive sign for investors, as it indicates the company is able to increase revenue and profits despite the current economic environment. Investors should also be encouraged by the company’s confident outlook, increasing its guidance for the full year. This suggests that Booking Holdings has a sound strategy in place and will be well-positioned to take advantage of growth opportunities in the future.

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