Booking Holdings posts record earnings

The third quarter of 2023 was the third quarter in a row that set records for the company across multiple measures

Nov 3, 2023

Booking Holdings posted gross travel bookings of $39.8 billion for the quarter - a 24% rise from the third quarter last year, marking an all-time high for the company.

Key takeaways

  • Booking Holdings’ total revenue came in at $7.3 billion, showing a 21% increase over the same quarter last year;
  • Looking ahead, Fogel said Booking Holdings is focused on advancing certain initiatives, including further integrating artificial intelligence into its offerings;
  • The company's share price fell after it said travel demand had been diminished by the Israel-Hamas war. Booking.com has greater exposure in Europe and the Middle East than rivals such as Expedia Group.

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