Loading...
•
Mar 31, 2020
Booking Q1 2020 Earnings Report
Booking's Q1 2020 financial results were reported, showing significant negative impacts from the COVID-19 pandemic, with a decrease in gross travel bookings and room nights booked.
Key Takeaways
Booking Holdings reported a challenging first quarter due to the COVID-19 pandemic. Gross travel bookings decreased by 51%, and room nights booked decreased by 43%. The company reported a net loss of $699 million, compared to a net income of $765 million in the prior year. Total revenues decreased by 19% to $2.3 billion.
Gross travel bookings decreased by 51% year-over-year.
Room nights booked decreased by 43% year-over-year.
The company reported a net loss of $699 million.
Total revenues decreased by 19% year-over-year.
Booking
Booking
Booking Revenue by Segment
Revenue by Segment
Merchant Revenue
CapyFin.comAgency Revenue
CapyFin.comAdvertising & Other Revenue
CapyFin.com Forward Guidance
The COVID-19 pandemic has profoundly impacted the Company and the entire travel industry. Booking Holdings has taken immediate steps to stabilize the Company by reducing costs and bolstering its liquidity position.
Positive Outlook
- Value of the platform
- Highly variable cost structure
- Strong liquidity
- Will emerge from this crisis in a position of strength
- Extend leadership role in the industry
Challenges Ahead
- Adverse impact of the COVID-19 pandemic on the Company's business
- Adverse changes in general market conditions for travel services
- Effects of competition
- IT systems-related failures, data privacy risks and obligations, and/or security breaches
- Tax, legal and regulatory risks
Revenue & Expenses
Visualization of income flow from segment revenue to net income