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Booking Holdings: A Study in Resilience

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 4 November 2021

⏱️ 17 minutes

🧾️ Download transcript

Summary

As shares get close to a new all-time high after 3rd-quarter results, Booking Holdings demonstrates its toughness in the face of adversity. Roku shares fall despite encouraging 3rd-quarter numbers heading into the holidays. Tim Beyers analyzes those stories, and shares a hopeful (and skeptical) view of Fastly’s plans for the future.

Transcript

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0:00.0

It's Thursday, November 4th, welcome to Marketfoolery.

0:05.0

I'm Chris Hill with me today, our man in Colorado, Tim Buyers.

0:08.0

Thanks for being here.

0:10.0

Thanks for having me, fully caffeinated, ready to go.

0:13.0

Likewise, we have a trio of third quarter earnings reports

0:18.0

in streaming video, edge computing.

0:20.0

We're going to start in global travel.

0:23.0

Profits and revenue for booking holdings came in higher than expected.

0:27.0

Shares of price lines parent company got close to a new all-time high this morning.

0:32.0

They've sort of dropped a little bit down from there, but still in positive territory.

0:38.0

Maybe this is a gross understatement, but this seemed like a good quarter.

0:44.0

That is a gross understatement.

0:47.0

You are correct, sir. That is a gross understatement.

0:51.0

Yeah, this is a study in resilience.

0:54.0

Chris, we are back traveling again, so just a couple of numbers here.

0:59.0

The gross bookings, so this is gross travel bookings, $23.7 billion.

1:06.0

That's a lot of money.

1:08.0

That increased 77%, 75% in constant currency, and $4.7 billion in net revenues.

1:16.0

That's after everything has been paid out.

1:19.0

That's what booking actually gets.

1:21.0

That was also a 77% increase.

1:24.0

Gosh, I mean net income profits tripled.

...

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