The company said global room nights rose 7% year over year in Q2 2024, slower than in Q1 (9%), and cited lower year-over-year growth in Europe as the main factor. It said constant-currency global ADRs fell about 1%.

1. 01

   The company said global room nights rose 7% year over year in Q2 2024, slower than in Q1 (9%), and cited lower year-over-year growth in Europe as the main factor. It said constant-currency global ADRs fell about 1%.

2. 02

   Booking Holdings said total marketing expenses were $1.9 billion in Q2 2024, up 8% from a year earlier. It said marketing expenses as a percentage of gross bookings were higher than in the prior-year Q2, citing an increase in brand marketing expenses.

3. 03

   The company said net cash provided by operating activities was $5.2 billion for the 6 months ended June 30, 2024. It said it used cash for share repurchases of $3.5 billion and dividends of $594 million, and raised $3.0 billion from long-term debt issuance.

4. 04

   The company said it had cash, cash equivalents and investments of $16.8 billion as of June 30, 2024, and that the remaining authorization under the share repurchase program of $20 billion approved by its Board of Directors in 2023 was $10.6 billion.

Key figures

Quarter ended June 30, 2024

Revenue

$5.9B

Operating income

$1.9B

EPS

$44.38

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.