Booking Holdings reported it had a robust third quarter, pointing to a revenue increase of 4%, to $5 billion, and a 10% increase in net income, to $2 billion.
Gross travel bookings of $25.3 billion represented a 4% year-over-year growth, and room nights booked increased 11%, to 223 million.
"While we believe these financial results show that we have meaningful size and scale, we note that, against a very large global travel market opportunity, we are still a small share of the marketplace, which means we have substantial opportunity in front of us," CEO Glenn Fogel said on the company's financial earnings call on Nov. 7.
Booking Holdings did run into some SEO volume issues in the third quarter, though the company was seemingly not as affected by the issue as competitor Expedia Group.
"We saw some headwinds in the SEO channel that did create some modest pressure, but it's a small channel for us," Fogel said, answering an analyst's question about search engine optimization. He declined to detail exactly how small of a channel SEO is for the company.
The CEO also addressed how events around the world, such as the protests in Hong Kong, impact a global company like Booking Holdings.
In some cases, travelers simply shift destinations and make a booking regardless. But disruptive events do keep others home, which is a drag on travel companies, Fogel said.
"While we enjoy the benefits of a global business, there's no doubt that we would do better without these types of problems," he said.