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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.
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