{ "docId": "019dd923-5eff-723e-9be6-672bd6e973ca", "docSlug": "b54f3cc31438b891", "documentTitle": "2024 Q4 Earnings Presentation", "authorId": "Booking-Holdings", "authorName": "Booking Holdings", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "strategy_consulting", "sourceTypeLabel": "Strategy consulting", "presentationDate": null, "orientation": "landscape", "aspectRatio": 1.777, "pageNumber": 2, "pageCount": 22, "prevPage": 1, "nextPage": 3, "slideType": "appendix_disclosure", "function": "front_matter", "density": "dense", "nDataPoints": 0, "notes": null, "elementsJson": [ "headline_text", "paragraph", "bullet_list", "logo_grid" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-5eff-723e-9be6-672bd6e973ca/2", "deckHref": "/decks/019dd923-5eff-723e-9be6-672bd6e973ca", "deckJsonHref": "/decks/019dd923-5eff-723e-9be6-672bd6e973ca.json", "deckAnchorHref": "/decks/019dd923-5eff-723e-9be6-672bd6e973ca#slide-2", "components": [ { "bbox": { "h": 0.355, "w": 0.956, "x": 0.022, "y": 0.235 }, "kind": "list", "text": "adverse changes in market conditions for travel services;\nthe effects of competition;\nthe Company's ability to manage growth and expand its global business;\nadverse changes in third-party relationships;\nthe Company's performance marketing efficiency and the effectiveness of its marketing efforts;\nthe Company's ability to respond to and keep up with the rapid pace of technological or other market changes;\nthe Company's development and use of Generative AI;\nthe Company's ability to attract and retain qualified personnel;\nrisks related to data privacy, cyberattacks, and information security;\nIT systems-related failures, security breaches, or inadequate system capacity;\nrisks related to exposure to additional tax liabilities and maintaining tax benefits;\nlegal and regulatory risks;\nrisks associated with the facilitation of payments;\nfluctuations in foreign currency exchange rates and other risks associated with doing business in multiple currencies and jurisdictions;\nfinancial risks including increased debt levels and stock price volatility; and\nsuccess of investments and acquisitions, including integration of acquired businesses.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "51be04e3-a69d-40f2-be38-f8bac7c1c7b2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.115, "w": 0.956, "x": 0.022, "y": 0.118 }, "kind": "paragraph", "text": "Disclosure Regarding Forward-Looking Statements\nThis presentation contains forward-looking statements. These forward-looking statements reflect the views of Booking Holdings Inc.'s (the \"Company\" or \"Booking Holdings\" or \"BKNG\") management regarding current expectations and projections about future events and conditions and are based on currently available information and current foreign currency exchange rates. Forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and assumptions that are difficult to predict such as:", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "13cca785-9cb3-464e-8e89-86d9636d747f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.165, "w": 0.956, "x": 0.022, "y": 0.595 }, "kind": "paragraph", "text": "For a detailed discussion of these and other factors that could cause the Company's actual results to differ materially from those described in this presentation, refer to the Company's most recent Annual Report on Form 10-K, any current reports on Form 8-K, and any subsequent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (the \"SEC\"). Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.\nThis presentation may contain industry market data, industry forecasts and other statistical information. Such information has been obtained from publicly available information, industry publications and other third-party sources, and the Company makes no representations as to the accuracy of such information. The Company has not independently verified any such information. Certain information in this presentation is based upon management forecasts and reflects prevailing conditions and management's views as of this date, all of which are subject to change.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c7db5cfd-cde4-449d-acda-ed9dce7d6490", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.185, "w": 0.956, "x": 0.022, "y": 0.765 }, "kind": "paragraph", "text": "Adjusted Financial Measures:\nWhile the Company reports financial results in accordance with accounting principles (\"GAAP\") generally accepted in the United States, this presentation includes certain Adjusted \"Non-GAAP\" measures, including Adjusted EBITDA, Free Cash Flow, Adjusted Net Income, and Adjusted Net Income per Diluted Common Share (Adjusted EPS), which are not presented in accordance with GAAP or intended to be substitutes for GAAP measures. The Company also uses information on (i) the impact of the adjustments required to compute Adjusted Net income (loss) and Adjusted EBITDA, on Sales and other expenses, and on Other income (expense), net, as reported in the Company's consolidated statements of operations, as applicable, and (ii) Adjusted fixed operating expenses, which is Total operating expenses, as reported in the Company's consolidated statements of operations, adjusted to exclude (a) certain operating expenses which are generally more likely to vary based on changes in business volumes and (b) amounts which are excluded in the computation of Adjusted EBITDA. The Company considers Adjusted EBITDA, Free Cash Flow, Adjusted Net Income, and Adjusted EPS as important supplemental measures of its performance and ability to service debt. Adjusted EBITDA, Free Cash Flow, Adjusted Net Income, and Adjusted EPS are used by the Company to assess its performance because they allow comparison of operating performance on a consistent basis across periods by removing the effects of various items. Adjusted EBITDA, Free Cash Flow, Adjusted Net Income, and Adjusted EPS have various limitations as analytical tools, and the Recipient should not consider them in isolation, or as a substitute for analysis of the Company's results as reported under GAAP. Further, because not all companies use identical calculations, the presentation of Adjusted measures may not be comparable to other similarly titled measures reported by other companies. For a reconciliation of Adjusted EBITDA, Free Cash Flow, Adjusted Net Income, and Adjusted EPS to the comparable GAAP measures, see the appendix. We are not able to provide a reconciliation between forward-looking Adjusted EBITDA and GAAP Net income because we cannot predict certain components of such reconciliation without unreasonable effort as they arise from events in future periods.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f4da39b8-1ea8-46b6-9415-9435dab0c205", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.075, "w": 0.158, "x": 0.022, "y": 0.028 }, "kind": "title", "text": "Disclaimer", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "753be772-a560-4e7f-8243-d605b598158d", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 2, "from": 1, "beatId": "d229b173-8e23-45f6-84bd-acc2693c6100", "arcName": "The Sparkline", "arcSlug": "sparkline", "beatName": "Setup", "beatSlug": "setup", "evidence": "The document begins with a cover page and a disclaimer, setting the stage for the presentation.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }