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Investing.com -- Booking Holdings surpassed Wall Street expectations for the second quarter, posting strong growth in room nights and revenue.
But its shares slipped 1.5% in premarket trading on a cautious outlook for the third quarter.
The online travel giant reported earnings of $55.40 per share, beating the consensus estimate of $50.14.
Revenue rose 17% from a year earlier to $6.8 billion, ahead of the $6.54 billion forecast by analysts.
CEO Glenn Fogel said Booking (NASDAQ:BKNG) saw 8% growth in room nights and “double-digit” increases in both gross bookings and revenue, driven by demand across its travel segments.
While travel demand remains steady, Booking noted tougher year-over-year comparisons in August and September and flagged the risk of disruption from macroeconomic or geopolitical uncertainty.
For the third quarter, Booking expects adjusted EBITDA between $3.9 billion and $4.0 billion, and room night growth of 3.5% to 5.5%.