$BKNG Stock positive on negative results, interesting prospect.In its most recent earnings report, Bookings Holdings company reported adjusted EBITDA fell 10% during the quarter to $718M vs. $713M consensus. Adjusted EBITDA is expected to fall in a range of $1.295B to $1.325B for Q2. Room night sales increased by 10.3% while Car rentals and Flight ticket sales dropped 1.3% and 4.4%. This may be a case of not quite as bad as everyone thought.
Booking Holdings, Inc. is an online travel company, which provides travel and related services. It offers accommodation reservations including hotels, hostels, apartments, vacation rentals and other properties. The company provides services through Booking.com, priceline.com, agoda.com, KAYAK, rentalcars.com and OpenTable brands. It also allows consumers to easily compare airline ticket, hotel reservation and rental car reservation information from hundreds of travel websites at once through KAYAK.
