Booking Holdings Inc.
Booking Holdings Reports Strong 2024 Financial Results
Summary
Booking Holdings Inc. announced its financial results for the fourth quarter and full year of 2024, reporting a 17% increase in gross bookings and a 14% rise in revenue year-over-year. The company also declared a 10% increase in quarterly cash dividends and authorized an additional $20 billion for stock repurchases. Adjusted net income per diluted common share increased by 30% and adjusted EBITDA margin expanded to 33.8%. These results demonstrate continued growth and profitability, reflecting the company's disciplined approach to managing expenses and strategic investments in technology.
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About Booking Holdings Inc.
Booking Holdings Inc. is a leading provider of online travel and hospitality services, connecting consumers and travel service providers worldwide. Primarily functioning as an intermediary platform, it facilitates the booking of travel accommodations, airline tickets, rental cars, and restaurant reservations. Through notable brands such as Booking.com, Priceline, and Agoda, the company operates across diverse markets, impacting the travel, leisure, and hospitality industries. Booking Holdings leverages advanced technologies and data-driven strategies to streamline the user experience, offering a vast inventory of travel options tailored to customers' needs. It plays a pivotal role in the global travel market by enabling seamless and efficient transactions, supporting the travel plans of millions of consumers while providing businesses with robust distribution channels. Founded in 1997 and headquartered in Norwalk, Connecticut, Booking Holdings Inc. remains a key player in transforming the way people travel and experience the world through digital innovations.
Official SEC Documents
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