Booking Holdings reported robust Q3 2024 financial results with total revenues increasing 8.9% to $7.99 billion, driven by an 8.1% rise in room nights to 299 million. Net income remained stable at $2.52 billion compared to $2.51 billion in Q3 2023, while gross bookings grew 9.1% to $43.45 billion. The company maintained a strong operating margin with operating income of $3.18 billion.The company's merchant revenues surged 26% to $4.97 billion, reflecting an ongoing shift from agency to merchant bookings at Booking.com. Marketing efficiency improved with expenses at 5% of gross bookings, down from 5.1% last year, driven by increased direct bookings and higher performance marketing ROIs. The mix of room nights booked through mobile apps reached mid-fifties percentage, up from low-fifties in Q3 2023.Looking ahead, Booking Holdings expects Q4 2024 room night growth of 6-8% and gross bookings growth of 7-9%. The company maintained strong liquidity with $16.3 billion in cash and investments at quarter-end. The Board declared a quarterly dividend of $8.75 per share payable December 31, 2024, and the company has $8.8 billion remaining under its share repurchase authorization.

Booking Holdings reported robust Q3 2024 financial results with total revenues increasing 8.9% to $7.99 billion, driven by an 8.1% rise in room nights to 299 million. Net income remained stable at $2.52 billion compared to $2.51 billion in Q3 2023, while gross bookings grew 9.1% to $43.45 billion. The company maintained a strong operating margin with operating income of $3.18 billion.The company's merchant revenues surged 26% to $4.97 billion, reflecting an ongoing shift from agency to merchant bookings at Booking.com. Marketing efficiency improved with expenses at 5% of gross bookings, down from 5.1% last year, driven by increased direct bookings and higher performance marketing ROIs. The mix of room nights booked through mobile apps reached mid-fifties percentage, up from low-fifties in Q3 2023.Looking ahead, Booking Holdings expects Q4 2024 room night growth of 6-8% and gross bookings growth of 7-9%. The company maintained strong liquidity with $16.3 billion in cash and investments at quarter-end. The Board declared a quarterly dividend of $8.75 per share payable December 31, 2024, and the company has $8.8 billion remaining under its share repurchase authorization.