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Booking Holdings today reported its third quarter 2018 financial results. Third quarter gross travel bookings were USD 24.3 billion, an increase of 12% over a year ago(approximately 14% on a constant-currency basis). Total revenues for the 3rd quarter were USD 4.8 billion as compared to gross profit of USD 4.4 billion, an 11% increase from the prior year (approximately 13% on a constant-currency basis). Net income in the 3rd quarter was USD 1.8 billion, a 3% increase versus the prior year. Non-GAAP net income in the 3rd quarter was USD 1.8 billion, a 2% increase versus the prior year. Adjusted EBITDA for the 3rd quarter was USD 2.4 billion, an 8% increase versus a year ago. "Booking Holdings delivered solid growth and operating results during our seasonally busy third quarter," said Glenn Fogel, Chief Executive Officer of Booking Holdings. "Globally, our accommodation business reported a new milestone of more than 200 million room nights booked in a single quarter, which is up 13% over the same period last year." Looking forward, Mr. Fogel said, "As we look to the fourth quarter and beyond, we will continue to focus on making the right investments across our brands - in people, systems, and marketing - to continue to grow our business for the long term."
Guidance for Q4 Read Original Report
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