Booking Holdings reported strong Q3 2024 results, with revenue increasing 8.9% year-over-year to $7.99 billion. Room nights grew 8.1% to 299 million, driven by healthy travel demand in Europe and Asia. Gross bookings rose 9.1% to $43.45 billion, with merchant bookings surging 27.3% as Booking.com continued shifting from agency to merchant model.Net income fell to $2.51 billion from $2.71 billion last year, impacted by a $365 million accrual for proposed settlement of Italian tax matters. Marketing expenses increased 6.4% to $2.15 billion, while personnel costs rose 10.1% to $868 million due to higher salaries and stock compensation. The company's cash position remained strong at $16.3 billion.For Q4 2024, Booking Holdings expects room night growth of 6-8% and revenue growth of 7-9% year-over-year. The company repurchased $5.3 billion of shares in the first nine months of 2024 and declared a quarterly dividend of $8.75 per share. Management remains focused on its "Connected Trip" strategy to enhance the traveler experience and improve loyalty and direct bookings.

Booking Holdings reported strong Q3 2024 results, with revenue increasing 8.9% year-over-year to $7.99 billion. Room nights grew 8.1% to 299 million, driven by healthy travel demand in Europe and Asia. Gross bookings rose 9.1% to $43.45 billion, with merchant bookings surging 27.3% as Booking.com continued shifting from agency to merchant model.Net income fell to $2.51 billion from $2.71 billion last year, impacted by a $365 million accrual for proposed settlement of Italian tax matters. Marketing expenses increased 6.4% to $2.15 billion, while personnel costs rose 10.1% to $868 million due to higher salaries and stock compensation. The company's cash position remained strong at $16.3 billion.For Q4 2024, Booking Holdings expects room night growth of 6-8% and revenue growth of 7-9% year-over-year. The company repurchased $5.3 billion of shares in the first nine months of 2024 and declared a quarterly dividend of $8.75 per share. Management remains focused on its "Connected Trip" strategy to enhance the traveler experience and improve loyalty and direct bookings.