Booking Q1 2021 Earnings Report
Key Takeaways
Booking Holdings reported a decrease in gross travel bookings by 4% year-over-year to $11.9 billion and a 50% decrease in total revenues to $1.1 billion. The company experienced a net loss of $55 million, a significant improvement compared to the $699 million net loss in the same quarter of the previous year.
Gross travel bookings decreased by 4% year-over-year, totaling $11.9 billion.
Total revenues decreased by 50% year-over-year, amounting to $1.1 billion.
The company reported a net loss of $55 million, compared to a net loss of $699 million in the prior year.
Room nights booked decreased 20% from the prior year.
Booking
Booking
Booking Revenue by Segment
Forward Guidance
The company expects continued volatility in the recovery of global travel demand.
Revenue & Expenses
Visualization of income flow from segment revenue to net income