What was Booking Holdings' revenue and profit performance for the period?

For the nine months ended September 30, 2017, Booking Holdings reported total revenues of $9.9 billion, a 17.7% increase year-over-year. Gross profit increased by 20.2% to $9.7 billion. Net income for the period was $2.9 billion, a significant improvement from $1.5 billion in the prior year's comparable period.

What were the main drivers of revenue growth?

Revenue growth was primarily driven by a 22.4% increase in agency revenues, which was largely attributable to strong performance in accommodation room night reservations. International operations, particularly Booking.com, were the primary contributors to this growth.

How is the company managing its cash and investments?

As of September 30, 2017, Booking Holdings had $18.4 billion in cash, cash equivalents, short-term and long-term investments. A substantial portion ($15.9 billion) is held by international subsidiaries, which the company intends to reinvest internationally. The company also repurchased $1.1 billion of its common stock during the nine-month period.

Are there any significant legal or regulatory matters that investors should be aware of?

Yes, the company is involved in several significant legal and regulatory matters. These include ongoing competition reviews in Europe concerning 'price parity' clauses with accommodation providers and various lawsuits related to the payment of travel transaction taxes in the U.S. The company believes it is in compliance with relevant laws and is contesting these matters, but the outcomes are uncertain and could impact future results.

BKNG 10-Q Quarterly Report Q3 FY2017 — Revenue, Net Income, EPS

Summary

Booking Holdings Inc. (formerly The Priceline Group Inc.) reported strong financial performance for the nine months ended September 30, 2017. Total revenues grew 17.7% year-over-year to $9.9 billion, driven by a significant 22.4% increase in agency revenues, primarily from accommodation bookings. Gross profit also saw robust growth of 20.2% to $9.7 billion, with international operations accounting for the majority of this increase. The company demonstrated solid profitability, with net income increasing substantially year-over-year to $2.9 billion for the nine-month period. The company continues to expand its global footprint, notably through the acquisition of Momondo Group for $555.5 million. While reporting strong operational growth, Booking Holdings is also navigating various legal and regulatory challenges, including competition reviews in Europe related to price parity clauses and ongoing litigation regarding travel transaction taxes. The company maintains a healthy liquidity position with significant cash and investments, and a substantial portion is held by international subsidiaries.

Financial Highlights

53 data points

Beta

Revenue

$4.43B

1.0% Gross Margin

Net Income

$1.72B

0.4% Net Margin

EPS (Diluted)

$34.43

Total Assets

$25.79B

Cash & Equivalents

$2.85B

Free Cash Flow

$1.81B

Financial Statements

Beta

Revenue	$4.43B
Cost of Revenue	$54.18M
Gross Profit	$4.38B
Operating Expenses	$2.28B
Operating Income	$2.10B
Interest Expense	$66.34M
Net Income	$1.72B
EPS (Basic)	$35.12
EPS (Diluted)	$34.43
Shares Outstanding (Basic)	48.98M
Shares Outstanding (Diluted)	49.97M

Key Highlights

1Total revenues increased by 17.7% to $9.9 billion for the nine months ended September 30, 2017.
2Gross profit grew by 20.2% to $9.7 billion for the nine months ended September 30, 2017.
3Net income for the nine months ended September 30, 2017, was $2.9 billion, a significant increase from the prior year's $1.5 billion.
4Accommodation room night reservations saw strong growth of 18.6% and 22.2% for the three and nine months ended September 30, 2017, respectively.
5The company acquired Momondo Group for $555.5 million on July 24, 2017.
6Cash and cash equivalents, short-term and long-term investments totaled $18.4 billion as of September 30, 2017.
7The company is subject to various legal and regulatory investigations and litigation, particularly concerning competition practices and travel transaction taxes.

Booking Holdings Inc. Quarterly Report for Q3 Ended Sep 30, 2017

Summary

Financial Highlights

Key Highlights

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