Booking Holdings Inc (NASDAQ:BKNG) reported second-quarter financial results after the market close on Tuesday. Here’s a look at the key highlights from the quarter.

Booking Holdings Beats Estimates In Q2

Booking Holdings reported second-quarter revenue of $7.35 billion, beating analyst estimates of $7.20 billion. The online travel agency company reported second-quarter adjusted earnings of $2.54 per share, beating analyst estimates of $2.45 per share, according to Benzinga Pro.

Total revenue was up 8% on a year-over-year basis, room nights increased 5% year-over-year and gross bookings climbed 9%. 

Booking Holdings generated approximately $3.7 billion in operating cash flow and $3.6 billion in free cash flow during the quarter. The company repurchased $3.7 billion of its stock in the quarter and ended the period with $17.2 billion in cash and cash equivalents.

“Despite continued geopolitical and macroeconomic uncertainty during the second quarter, the underlying desire to travel remained resilient, and we are pleased with our results, which reflect the strength of our global platform and the disciplined execution of our teams,” said Glenn Fogel, CEO of Booking Holdings.

Booking Holdings expects third-quarter revenue to be in the range of $9.37 billion to $9.55 billion versus estimates of $9.71 billion.

BKNG Shares Climb After The Close

BKNG Price Action: Booking Holdings shares were up 6.26% in after-hours, trading at $206.43 at the time of publication Tuesday, according to Benzinga Pro.

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