Debt and Financing - The company's outstanding aggregate principal amount of debt was $12.5 billion at December 31, 2022, compared to $11.1 billion at December 31, 2021[190] - The company issued senior notes for an aggregate principal amount of 3.5 billion Euros in November 2022, with interest rates ranging from 4.0% to 4.75% and maturity dates from November 2026 to November 2034[212] - The company's convertible senior notes are more sensitive to equity market price volatility than changes in interest rates, with their fair value likely increasing as the market price of the company's shares increases[190] Share Repurchases - The company repurchased shares of its common stock for an aggregate cost of $6.7 billion during the year ended December 31, 2022, and had a remaining authorized amount of $3.9 billion for stock repurchases at December 31, 2022[213] Cash and Investments - The company's cash, cash equivalents, and short-term and long-term investments totaled $15.2 billion at December 31, 2022, with approximately $9.3 billion held by international subsidiaries[210] Expenses - Marketing expenses increased significantly in 2022 compared to 2021 due to the recovery in travel demand, but marketing expenses as a percentage of total gross bookings decreased slightly[196] - Personnel expenses, excluding stock-based compensation, increased 6% in 2022 compared to 2021, driven by a $139 million increase in salary expense and a $66 million increase in bonus expense accruals[198] Tax and Valuation - The company's effective tax rate was higher in 2022 compared to 2021, primarily due to lower benefits from the Netherlands Innovation Box Tax and higher valuation allowances against deferred tax assets[177] Obligations - The company had lease obligations of $867 million and non-cancellable purchase obligations of $378 million at December 31, 2022, with $143 million payable within the next twelve months[214] Foreign Currency and Derivatives - The company's foreign currency transaction gains for the year ended December 31, 2022 included $46 million related to Euro-denominated debt and accrued interest, offset by $52 million in losses on derivative contracts[205] - The company uses derivative financial instruments to mitigate potential future market exposure but does not engage in speculative trading or leveraged derivatives[220] Operating Activities and Working Capital - Net cash provided by operating activities for 2021 was $2.8 billion, driven by net income of $1.2 billion, $1.4 billion from non-cash adjustments, and a $269 million favorable net change in working capital[217] - Accounts receivable increased by $1.0 billion in 2021, primarily due to higher business volumes[217] - Deferred merchant bookings and other current liabilities increased by $1.5 billion in 2021, reflecting growth in business volumes[217] - Non-cash items included net losses on equity securities, deferred income tax benefits, depreciation and amortization, stock-based compensation, and operating lease amortization[217] Market Risk Assessment - The company evaluates market risk by assessing near-term and long-term fluctuations in interest rates and foreign currency exchange rates[220]

Booking Holdings Inc. (NASDAQ:BKNG) NASDAQ 47th Investor Conference Call December 7, 2022 5:00 AM ET Company Participants David Goulden - Executive Vice President and Chief Financial Officer Conference Call Participants Brian Nowak - Morgan Stanley Brian Nowak Okay. Good morning, everyone. We hope everyone had a first – a productive first day of the NASDAQ Conference here, and I hope the second day is equally as productive. My name is Brian Nowak, I'm the Head of U.S. Internet coverage here at Morgan Stanle ...

Booking Holdings Inc (NASDAQ:BKNG) Q3 2022 Results Conference Call November 2, 2022 4:30 PM ET Company Participants Glenn Fogel - CEO David Goulden - CFO Conference Call Participants Lloyd Walmsley - UBS Brian Nowak - Morgan Stanley Kevin Kopelman - Cowen Mark Mahaney - Evercore Justin Post - Bank of America Merrill Lynch Doug Anmuth - JPMorgan Eric Sheridan - Goldman Sachs Naved Kahn - Truist Securities Lee Horowitz - Deutsche Bank Mario Lu - Barclays Stephen Ju - Credit Suisse Operator Welcome to Booking ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-36691 Booking Holdings Inc. (Exact name of registrant as specified in its charter) Delaware 06-1528493 (State or other jurisd ...

Booking Holdings Inc. (NASDAQ:BKNG) Q2 2022 Earnings Conference Call August 3, 2022 4:30 PM ET Company Participants Glenn Fogel - Chief Executive Officer David Goulden - Chief Financial Officer Conference Call Participants Mark Mahaney - Evercore Justin Post - Bank of America Lloyd Walmsley - UBS Kevin Kopelman - Cowen Brian Nowak - Morgan Stanley Doug Anmuth - JPMorgan Naved Khan - Truist Lee Horowitz - Deutsche Bank Operator Good afternoon, everyone and welcome to Booking Holdings’ Second Quarter 2022 Con ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-36691 Booking Holdings Inc. (Exact name of registrant as specified in its charter) Delaware 06-1528493 (State or other jurisdictio ...

Summary of Booking Holdings Inc. Conference Call Company Overview - **Company**: Booking Holdings Inc. (NASDAQ: BKNG) - **Participants**: Glenn Fogel (CEO), David Goulden (CFO), Kevin Kopelman (Cowen and Company) Industry Insights - **Travel Environment**: The travel environment is recovering, with booking numbers in April 2022 exceeding those of April 2019. The average daily rates (ADRs) are also higher, indicating strong consumer spending on travel despite inflation concerns [5][7]. - **Booking Trends**: Bookings for the summer season are 15% higher globally compared to 2019, with Europe and the U.S. seeing a 30% increase [7]. Key Points - **Consumer Behavior**: There is confidence among travelers, as evidenced by a normalization in booking windows. Despite inflation, consumers continue to spend on travel [5][6]. - **Future Visibility**: Predicting travel demand beyond the summer season is challenging due to historical volatility. The company focuses on providing quality services and products to capture market share [10][11]. - **Cross-Border Travel**: The return of cross-border travel is expected to complement domestic travel, but the overall impact on total travel spending remains uncertain [13]. Financial Performance - **Booking Numbers**: Room nights booked in April 2022 were 10% above April 2019 levels, indicating strong recovery despite challenges in Asia and the Russia-Ukraine situation [14]. - **Market Share Gains**: The company has gained market share in the U.S. and Europe, with plans to build on successful programs from 2021 [15][16]. Strategic Initiatives - **Flight Offerings**: The company is expanding its flight offerings, now available in 40 countries, with significant growth in ticket sales (2.5x compared to Q1 2019). Flights are seen as a new customer acquisition funnel [19][20]. - **Acquisition of Etraveli**: This acquisition will enhance the flight product by leveraging Etraveli's backend capabilities, allowing for more efficient operations [26]. - **Alternative Accommodations**: The company aims to improve its competitive position in the U.S. alternative accommodations market, focusing on better product offerings and marketing strategies [28][29]. Marketing and Customer Engagement - **Marketing Strategy**: The company plans to leverage marketing spend to capture demand as travel recovers. A new TV campaign has shown positive early results in increasing brand awareness [44][49]. - **Competitive Environment**: The competitive landscape, particularly on Google, remains intense, but the company has a strong track record of adapting to changes [50][51]. Financial Management - **Capital Allocation**: The company balances investments in business growth with share repurchases. The focus remains on organic growth and strategic acquisitions [61][62]. - **Payment Systems**: Enhancements in payment systems are crucial for alternative accommodations and overall customer experience, allowing for more flexible and efficient transactions [37][39]. Conclusion - **Long-Term Outlook**: The travel market is expected to grow at a rate slightly above GDP in the long run. The company aims to capture a larger share of this growing market by continuously improving its services and products [66].

Booking Holdings Inc. (NASDAQ:BKNG) 50th Annual J.P. Morgan Global Technology, Media and Communications Conference May 25, 2022 1:50 PM ET Company Participants David Goulden - EVP and CFO Conference Call Participants Doug Anmuth - JPMorgan Doug Anmuth All right. We're going to go ahead and get started. So I'm Doug Anmuth, JPMorgan's Internet analyst. We're pleased to have with us today David Goulden, EVP and CFO of Booking Holdings. So Booking is the global leader in online travel with the mission to make i ...

Booking Holdings Inc. (NASDAQ:BKNG) Q1 2022 Earnings Conference Call May 4, 2022 4:30 PM ET Company Participants Glenn Fogel - President and Chief Executive Officer David Goulden - Executive Vice President and Chief Financial Officer Conference Call Participants Lloyd Walmsley - UBS Brian Nowak - Morgan Stanley Kevin Kopelman - Cowen and Company Justin Post - Bank of America Merrill Lynch Mark Mahaney - Evercore ISI Eric Sheridan - Goldman Sachs Doug Anmuth - J.P. Morgan Operator Welcome to Booking Holding ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-36691 Booking Holdings Inc. (Exact name of registrant as specified in its charter) Delaware 06-1528493 (State or other jurisdicti ...