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Highlights
- The revenue of Booking Holdings Inc. (NASDAQ:BKNG) surged 77% YoY in Q3, FY21
- The net revenue of Roku, Inc. (NASDAQ:ROKU) soared 51% YoY in Q3, FY21
- Roku expects its fourth-quarter revenue to be between US$885 million and US$900 million
The stocks of Booking Holdings Inc. (NASDAQ:BKNG) and Roku, Inc. (NASDAQ:ROKU) were trending on Wall Street Thursday, November 4, after the companies reported their quarterly performance reports on Wednesday, after the closing bell. The former was up more than 3% in pre-market trading, while the latter tumbled around 7%.
Meanwhile, BKNG stocks were priced at US$2,435.33, down by 0.75%, at market close Wednesday, while the shares of ROKU closed the day at US$313.66, up 0.08% from their previous closing price.
Here are the earnings highlights of the companies.
Also Read: Qualcomm (QCOM) posts strong Q4, fiscal 2021 results
Booking Holdings Inc. (NASDAQ:BKNG)
Booking Holdings is a travel technology company that offers online reservation services for traveling, dining, and other related services. It is based in Norwalk, Connecticut.
The company reported strong quarterly performance results Wednesday, as the rebound in leisure travel and optimism over the decision to reopen US borders for international travelers helped make profit. However, it also said that the resurgence of Covid-19 in Europe may affect its profit in the ongoing quarter.
The company's revenue surged 77% YoY to US$4.7 billion in Q3, FY21. Its operating income came in at US$2.01 billion, as compared to US$315 million in the same quarter of the previous year.
Also Read: T-Mobile (TMUS) stock jumps 5% a day after Q3 results
The firm reported a net income of US$769 million in the period, as compared to US$801 million in Q3, FY20. On a non-GAAP basis, its diluted EPS came in at US$37.70 apiece, representing an increase of 207% from the previous year's quarter.
The firm has a market cap of US$99.99 billion, a P/E Ratio of 242.32, and a one-year forward P/E ratio of 58.61. Its EPS is US$10.05.
The 52-week highest and lowest stock prices were US$2,540.00 and US$1,598.78, respectively. Its trading volume was 361,516 on November 3.
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Roku, Inc. (NASDAQ:ROKU)
Roku is a television streaming company that provides streaming players and television-related devices to consumers. It is based in San Jose, California.
The company's revenue surged in the third quarter but missed Wall Street estimates. Meanwhile, the company has said that the global supply chain disruptions have affected the television industry of the US and it may continue through 2022, impacting the prices and availability of its products.
The company's total revenue increased by 51% YoY to US$680 million in Q3, FY21. Its gross profit surged 69% YoY to US$363.9 million.
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On a non-GAAP basis, Roku's net income came in at US$68.93 million, as compared to US$12.94 million in Q3, FY20.
For the fourth quarter, the company expects its total revenue to be between US$885 million and US$900 million. It also projected its adjusted EBITDA to be between US$65 million and US$75 million in Q4, FY21.
The market cap of the company is US$41.85 billion, the P/E Ratio is 191.26, and the one-year forward P/E ratio is 232.16. Its EPS is US$1.64.
The stock saw the highest price of US$490.76 and the lowest price of US$196.52 in the last 52 weeks. Its share volume on November 3 was 5,500,552.
Also Read: CVS (CVS), Humana (HUM) revise guidance after strong Q3 results
Bottom line:
The stocks of Booking Holding have witnessed significant gains in recent quarters, as the economy recovers after the pandemic, while the stock value of ROKU has tumbled. The BKNG stock rose 13.39% YTD, while the ROKU stocks plunged 1.41% YTD. However, some believe that the stocks may perform better in the future, with the increasing demand for their services.
