Booking Holdings stock jumped late Tuesday. The online travel agency reported second-quarter results that beat expectations despite grappling with the global impact of the Iran war. Booking Holdings is the parent company of Booking.com, Priceline, Kayak and OpenTable, among other brands.
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Vacation rental site Airbnb reported first-quarter revenue and gross bookings that beat expectations and raised its full-year guidance, but also said travel plans are being impacted by the conflict in the Middle East. At the same time, online travel agency Expedia Group missed first-quarter revenue expectations but reported record first-quarter profit and higher-than-expected gross bookings. Airbnb said first-quarter revenue increased 18% from a year ago to $2.7 billion, “exceeding the high end of our guidance.”
Airbnb's (ABNB) first-quarter earnings lagged Wall Street's estimates, while the vacation rental com