Booking Holdings (NASDAQ:BKNG) shares fell more than 4% after-hours despite the company reporting better-than-expected Q3 results. EPS came in at $72.32, compared to the consensus estimate of $67.78. Revenue grew 21% year-over-year (up 18% on a constant-currency basis) to $7.3 billion, beating the consensus estimate of $7.26B.
Gross travel bookings were $39.8 billion in Q3, representing an increase of 24% year-over-year (up 21% on a constant-currency basis). Room nights booked rose 15% year-over-year.
"We are pleased to report record quarterly room nights, gross bookings, revenue, and net income driven by a strong summer travel season. We are encouraged by the resilience of leisure travel demand, and we remain focused on executing against our key strategic priorities, which helps position our business well for the long term," said CEO Glenn Fogel.