Booking Holdings Inc. (BKNG) Nasdaq London Investor Conference (Transcript)

Booking Holdings Inc. (NASDAQ:BKNG) Nasdaq London Investor Conference December 11, 2024 4:00 AM ET

Company Participants

Ewout Steenbergen – CFO

Conference Call Participants

Brian Nowak – Morgan Stanley

Brian Nowak

Okay. Good morning, everyone. Welcome to day two of the 2024 Nasdaq Tech Conference. We’re really thrilled to have Booking Holdings with us today. Ewout Steenbergen joins us, the CFO of Booking Holdings. Thank you so much for joining us.

Ewout Steenbergen

Yes, good morning. Thanks, Brian.

Brian Nowak

We hope it’s a really productive day for everyone. Before all the productivity begins, let me read some disclosures. All important disclosures, including personal holdings disclosures and Morgan Stanley disclosures appear on the Morgan Stanley public website at www.morganstanley.com/researchdisclosures.

Some of the statements made today by Booking Holdings may be considered forward-looking. These statements involve a number of risks and uncertainties that could cause actual results to differ materially. Any forward-looking statements made today by the company are based on assumptions as of today, and Booking Holdings undertakes no obligation to update them. Please refer to Booking Holdings’ Form 10-K or 10-Q for a discussion of the risk factors that may impact actual results. Okay.

Ewout Steenbergen

Good to have that out of the way.

Question-and-Answer Session

Q – Brian Nowak

Exactly. We covered that and so far, so good. All right, Ewout, well, there’s a lot to sort of talk about in the overall business and in the travel industry. I know you’ve been with the company now for about nine months, but maybe let’s just sort of start with the updated 8-K overnight and sort of what you announced there and we can sort of talk about like philosophy and how to think about the impact of that?

Ewout Steenbergen

Yes. So let me give a little bit of context