The company said global room nights rose 8% year-over-year in Q3 2024, and the merchant share of total gross bookings was 65%, up from 56% in Q3 2023.

1. 01

   The company said global room nights rose 8% year-over-year in Q3 2024, and the merchant share of total gross bookings was 65%, up from 56% in Q3 2023.

2. 02

   Booking Holdings said its total marketing expenses were $2.2 billion in Q3 2024, up 6% from a year earlier. It also said marketing expenses as a percentage of total gross bookings were lower than a year earlier, reflecting a higher share of direct bookings and higher performance marketing ROIs.

3. 03

   The company cited an accrual of $365 million in Q3 2024 for the proposed settlement of Italian indirect tax matters as a factor in the increase in general and administrative expenses. It said the increase was partly offset by the $90 million termination fee related to the Etraveli Group acquisition agreement in Q3 2023.

4. 04

   The company said net cash provided by operating activities was $7.6 billion for the 9 months ended September 30, 2024. Financing activities included $5.3 billion for share repurchases, $885 million for dividends, and $3.0 billion raised from long-term debt issuance.

Key figures

Quarter ended September 30, 2024

Revenue

$8.0B

Operating income

$3.2B

EPS

$74.34

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.