Booking Q4 Earnings Call Highlights

Steenbergen said fourth-quarter room night growth exceeded guidance partly due to continued investments in Asia and the U.S. and an “expanded” booking window. In the U.S., he said Booking saw slightly lower average daily rates and slightly shorter lengths of stay versus the prior year, which he suggested may indicate some consumers remain thoughtful about discretionary spending.Gross bookings and revenue both rose 16% year-over-year, while adjusted EBITDA increased 19% to about $2.2 billion. Adjusted earnin ...