Booking Holdings Inc topped market expectations for quarterly profit and revenue on Wednesday, but said a COVID-19 resurgence in Europe had cast uncertainty over year-end demand.
A tourist shows his "Green Pass", a document showing proof of coronavirus disease immunity, as he enters the Colosseum, in Rome, Italy, September 16, 2021. REUTERS/Yara Narditopped market expectations for quarterly profit and revenue on Wednesday, but said a COVID-19 resurgence in Europe had cast uncertainty over year-end demand.
Its shares rose 3.7% in extended trading as gross travel bookings surged 77% from a year earlier to $23.7 billion. Room nights - a measure of occupancy at any property - rose 44%. "Looking forward to November and December, the rising case counts across many important Western European countries and much of Eastern Europe ... creates unpredictability," Chief Financial Officer David Goulden said on an earnings call.
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