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 ...

Revenue and Growth - Total revenues for the three months ended September 30, 2022, were $6.05 billion, reflecting a 29.4% increase from $4.68 billion in the same period of 2021[232]. - Total gross bookings for the three months ended September 30, 2022, reached $32.12 billion, a 35.6% increase from $23.68 billion in the same period of 2021[225]. - For the three months ended September 30, 2022, room nights reserved increased by 31.5% to 240 million, rental car days increased by 24.9% to 16 million, and airline tickets increased by 45.1% to 6 million compared to the same period in 2021[224]. - The company observed a long-term trend of increasing share of room nights booked for international travel, although it remained below 2019 levels[173]. - The company expects room night growth of about 10% for the fourth quarter of 2022 relative to the fourth quarter of 2019[191]. Marketing and Expenses - Total marketing expenses for the nine months ended September 30, 2022, were $4.7 billion, 66% higher than the same period in 2021[179]. - Marketing expenses for the three months ended September 30, 2022, were $1.80 billion, a 30.3% increase from $1.38 billion in 2021, representing 29.6% of total revenues[235]. - Marketing efficiency in Q3 2022 was in line with Q3 2019, despite lower performance marketing ROIs due to increased direct bookings[181]. - Sales and other expenses for the three months ended September 30, 2022, were $540 million, a 79.3% increase from $302 million in the same period in 2021, and represented 8.9% of total revenues[237]. - Merchant transaction costs increased by $138 million for the three months and $448 million for the nine months ended September 30, 2022, compared to the same periods in 2021, driven by improved travel demand trends[239]. Financial Performance - The company recorded net losses of $336 million for the three months ended September 30, 2022, related to investments in equity securities, compared to net losses of $1.0 billion in the same period of 2021[293]. - The percentage of total revenues as a percentage of gross bookings was 18.8% for the three months ended September 30, 2022, down from 19.7% in the same period of 2021[234]. - The company recognized an impairment charge of $184 million for its investment in Yanolja during the three months ended June 30, 2022, resulting in an adjusted carrying value of $122 million[204]. - Goodwill impairment charges of $1.1 billion were recognized related to the OpenTable and KAYAK reporting unit, with a carrying value of goodwill at $973 million as of September 30, 2022[212]. - Operating profit for the fourth quarter of 2022 is anticipated to be lower than the fourth quarter of 2019, primarily due to negative foreign exchange rate fluctuations[193]. Cash Flow and Investments - Net cash provided by operating activities for the nine months ended September 30, 2022, was $4.4 billion, an increase from $2.5 billion in the same period of 2021, reflecting a 76% year-over-year growth[279][280]. - Net cash used in investing activities for the nine months ended September 30, 2022, was $1.0 billion, primarily due to investments in corporate and government debt securities[281]. - Net cash used in financing activities for the nine months ended September 30, 2022, was $5.4 billion, significantly higher than $1.2 billion in 2021, mainly due to $4.3 billion in common stock repurchases[283]. - The company had $11.8 billion in cash, cash equivalents, and investments as of September 30, 2022, with approximately $9.3 billion held by international subsidiaries[264]. - Deferred merchant bookings reached $2.3 billion at September 30, 2022, up from $906 million at December 31, 2021[265]. Market Conditions and Trends - Room nights increased by 16% in Q2 2022 compared to Q2 2019, and by 8% in Q3 2022 compared to Q3 2019[165]. - Global average daily rates (ADRs) increased approximately 28% in Q3 2022 compared to Q3 2019, driven by higher ADRs in Europe and North America[175]. - Cancellation rates improved in Q1 2022 compared to Q1 2019, with a higher share of room nights booked with flexible cancellation policies[170]. - The share of room nights booked for alternative accommodation properties was approximately 30% in Q3 2022, consistent with Q3 2021 and up from Q3 2019[183]. - The U.S. Dollar strengthened by about 15% against the Euro and British Pound Sterling for the three months ended September 30, 2022, impacting financial results when translated into U.S. Dollars[189]. Personnel and Operational Costs - The competitive labor market and inflationary pressures are increasing personnel expenses, which may adversely affect operational results[200]. - Personnel expenses for the three months ended September 30, 2022, were $636 million, a 7.6% increase from $591 million in the same period in 2021, representing 10.5% of total revenues[240]. - General and administrative expenses for the three months ended September 30, 2022, increased by 45.6% to $262 million from $179 million in the same period in 2021, representing 4.3% of total revenues[243]. - Stock-based compensation expense for the three months ended September 30, 2022, was $101 million, compared to $85 million in the same period in 2021[242]. - Information technology expenses for the three months ended September 30, 2022, were $129 million, a 17.9% increase from $109 million in the same period in 2021[246].

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) 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 ...

Booking Holdings, Inc. (NASDAQ:BKNG) Q4 2021 Earnings Conference Call February 23, 2022 4:30 PM ET Company Participants Glenn Fogel - President & Chief Executive Officer David Goulden - Executive Vice President & Chief Financial Officer Conference Call Participants Justin Post - Bank of America Merrill Lynch Lloyd Walmsley - UBS Kevin Kopelman - Cowen & Company Douglas Anmuth - JPMorgan Chase & Co. Mark Mahaney - Evercore ISI Operator Welcome to Booking Holdings Fourth Quarter 2021 Conference Call. Booking ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________________________________________________ FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 _____________________________________________________________________________________________ For the fiscal year ended: December 31, 2021 Commission File No.: 1-36691 Booking Holdings Inc. (Exact name of Registrant as specified in its charter) Delawa ...

Booking Holdings Inc. (NASDAQ:BKNG) UBS Global TMT Virtual Conference 2021 December 6, 2021 11:00 AM ET Company Participants Glenn Fogel – Chief Executive Officer David Goulden – Chief Financial Officer Conference Call Participants Lloyd Walmsley – UBS Lloyd Walmsley All right good morning. Welcome back to the next session. My name is Lloyd Walmsley. I run the Internet Research Team here at UBS. And excited to have Booking Holdings for our next session. We have Glenn Fogel, CEO; David Goulden, CFO. Guys tha ...