Booking Holdings’ Shares Up 3% Following Q3 Beat

Booking Holdings (NASDAQ:BKNG) shares were up more than 3% Thursday afternoon following the company’s reported Q3 results, with EPS of $53.03 coming in better than the Street estimate of $49.55. Revenue was $6.1 billion, compared to the Street estimate of $5.93 billion.

The company’s quarterly results largely exceeded Street's expectations both on the top and the bottom line, showcasing the strength of travel recovery across all global regions as well as Booking's ability to capture share. The company generated $2.66 billion in Q3 EBITDA, modestly ahead of the Street estimates, due to a better-than-expected direct mix, which helped moderate marketing spend in a record travel season.