Booking (BKNG) Revenue Beats Estimates, Sees Record Summer Travel
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Booking Holdings Inc. reported second-quarter revenue that beat analysts’ estimates, reflecting strong demand for travel despite higher prices for flights and accommodations.
The online travel company said revenue increased 27% to $5.46 billion, surpassing analysts’ average prediction of $5.17 billion. Total gross bookings for the second quarter, which includes all travel services booked by customers net of cancellations, increased 15% to $39.7 billion, above analysts’ expectations of $38.1 billion.
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