Booking Holdings crushes estimates, expects a 'record summer travel season'

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Revenue rose 27% year-over-year to $5.46 billion, topping the consensus of $5.16B. Adjusted earnings per share came in at $37.62 a share, crushing the expected $28.87.

Gross bookings jumped 15% YoY to $39.69B, ahead of the expected $38.11B.

“In the second quarter, we continued to see robust leisure travel demand, which helped drive stronger than expected room nights and gross bookings results in the quarter,” said Glenn Fogel, Booking Chief Executive Officer, said in a statement.

“We have seen these strong trends continue into July, and we are currently preparing for what we expect to be a record summer travel season in the third quarter.”