Booking Holdings reported solid fourth quarter results, with room nights growing slightly more than expected at 9% YoY (11% excluding Israel) and record revenue of $4.8 billion.
The company achieved a milestone in 2023 with customers booking over 1 billion room nights on the platform, representing a 17% increase from 2022.
Full-year 2023 results showed strong growth across key metrics, including gross bookings increasing by 24%, revenue reaching a new record of over $21 billion, and adjusted EBITDA growing by 34%.
Booking Holdings remains confident in the long-term outlook for the travel industry and expects to grow its gross bookings, revenue, and earnings per share faster than it did in 2019.
The company plans to continue investing in its connected trip vision, integrating AI technology into its offerings, supporting supply partners, expanding alternative accommodations, and building direct relationships with travelers.
Booking Holdings announced the initiation of a quarterly dividend to complement its existing share repurchase program, reflecting its commitment to returning capital to shareholders.
Note: No specific guidance or forecasts were provided for Q1 2024 or beyond during the call transcript.