Booking Holdings reports 15% adjusted EPS gain and $3.6 billion in second-quarter free cash flow
Booking Holdings (NASDAQ: BKNG), an online travel company, reported a 15% year-over-year increase in adjusted earnings per share for its second quarter and generated $3.6 billion in free cash flow during the same period, the company disclosed. Revenue came in above estimates. The results landed as conditions in the travel sector remained difficult.
Key takeaways
- Booking Holdings reported a 15% year-over-year increase in adjusted earnings per share for its second quarter.
- The company generated $3.6 billion in free cash flow during the quarter, with revenue coming in above estimates.
- Booking's EBITDA margin reached 36% for the quarter despite headwinds including Middle East conflict, geopolitical challenges, rising competition, and inflationary pressures.
- The company maintained a continuous share-repurchase program and raised its cost-savings target during the quarter.
- Booking pays a $0.42 quarterly cash dividend, representing a yield of approximately 0.8%.
Booking Holdings (NASDAQ: BKNG), an online travel company, reported a 15% year-over-year increase in adjusted earnings per share for its second quarter and generated $3.6 billion in free cash flow during the same period, the company disclosed. Revenue came in above estimates. The results landed as conditions in the travel sector remained difficult.
Conflict in the Middle East disrupted travel activity during the quarter, the company said. Booking also identified broader geopolitical challenges, rising competition, and inflationary pressures as headwinds affecting the business during the period. Despite those conditions, the EBITDA margin, earnings before interest, taxes, depreciation, and amortization, reached 36% for the quarter, the release shows.
Management maintained a share-repurchase program on a continuous basis through the quarter and raised the company's cost-savings target, Booking Holdings disclosed.
Booking's trailing and forward price-to-earnings ratios each sit in the low 20s, and the price-to-earnings-to-growth ratio is slightly below 1, as the release shows. The stock has traded relatively flat through the current year. The company pays a $0.42 quarterly cash dividend, representing a yield of approximately 0.8%, a payout that has increased consistently over the past several years, according to the company.