Booking Holdings Inc. - BKNG STOCK NEWS

Booking Holdings (NASDAQ: BKNG) will hold a conference call on November 2, 2022, at 4:30 p.m. ET to discuss its third quarter financial results. The event will be available via webcast and replay for seven days on its Investor Relations website. A press release containing the financial results will be posted earlier on the same day at 4:00 p.m. ET. This call marks an important quarterly event for investors and stakeholders in the company.

On September 28, 2022, Priceline launched Priceline Experiences, a platform offering access to over 80,000 ticketed activities across 100+ countries. This service aims to streamline vacation planning by providing diverse options, from museum visits to guided tours. The initiative responds to a growing consumer demand for unique travel experiences, with 46% of travelers seeking more immersive activities. In collaboration with Musement, Priceline enables effortless bookings, enhancing future travel for users.

Credit One Bank has partnered with Priceline to launch a new travel booking engine exclusively for Wander Card members, enabling them to earn up to 10X points on hotel and car rental bookings. The site offers a wide array of travel deals, including flights and packages, accessible via online accounts or the Credit One Mobile App. This initiative aims to enhance the travel purchasing experience for cardmembers and facilitate rewarding travel adventures, as stated by senior executives from both companies.

Agoda's 'Explore Thailand' campaign aims to boost tourism as the country reopens its borders. Launched on September 19, 2022, this initiative highlights popular Thai destinations, including Bangkok, Chiang Mai, Hua Hin, and several beach resorts like Koh Samui and Phuket. Agoda's promotion offers travelers discounts on accommodations for bookings made until September 23, 2022, with stays possible within 90 days. The campaign leverages Thailand's rich culture, vibrant city life, and beautiful beaches to attract international visitors back to the country.

Barclays US Consumer Bank and Priceline have launched PricePoints, a new feature for the Priceline VIP Rewards™ Visa Card. This feature allows cardholders to earn 5x points on every dollar spent when booking travel on Priceline, even when redeeming points. Cardmembers can redeem points easily while still accruing rewards, enhancing the value of their travel purchases. This program aims to attract travelers by offering one of the industry's richest point systems, streamlining the redemption process and incentivizing travel expenditure.

Booking Holdings (NASDAQ: BKNG) announced that CFO David Goulden will present at the Evercore ISI 2nd Annual Technology Conference on September 8, 2022, at 10:15 AM ET. A live audio cast of the presentation will be publicly available, and a replay will be accessible for 90 days post-event. This engagement highlights the company's commitment to transparency and investor communication, underlining its status as a leader in online travel and services across 220 countries.

Agoda has partnered with Alipay+ to enhance its platform with advanced payment solutions and customer rewards. This collaboration introduces multiple marketing solutions, including Alipay+ Rewards, aimed at increasing transaction conversion rates for Agoda. As travel rebounds post-COVID-19, Agoda reports a nearly tenfold increase in bookings in key regions. The integration will initially benefit travelers in Hong Kong, the Philippines, and Thailand. Agoda's history with Alipay dates back to 2013, underlining a longstanding relationship in the digital payments space.

Booking Holdings (BKNG) reported strong financial results for Q2 2022, with gross travel bookings reaching $34.5 billion, a 57% increase year-over-year. Total revenues soared to $4.3 billion, marking a 99% rise from the previous year, with a net income of $857 million, compared to a net loss of $167 million in Q2 2021. The Company achieved a non-GAAP net income of $776 million, rebounding from a loss of $105 million in the prior-year period. Adjusted EBITDA was $1.1 billion, a significant increase from $48 million in Q2 2021. Looking forward, BKNG anticipates record Q3 revenue.