Booking Q1 2022 Earnings Report
Key Takeaways
Booking Holdings reported a record $27.3 billion in gross travel bookings, a 129% increase from the prior-year quarter. Total revenues were $2.7 billion, up 136% year-over-year. However, the company experienced a net loss of $700 million, though non-GAAP net income was $161 million.
Gross travel bookings reached a record $27 billion, the highest quarterly amount in company history.
Total revenues increased by 136% compared to the prior-year quarter.
The company is preparing for a busy summer travel season, anticipating continued strengthening of global travel trends.
Progress is being made in expanding the payments platform at Booking.com and building towards the Connected Trip vision.
Booking
Booking
Booking Revenue by Segment
Forward Guidance
Despite an uncertain macroeconomic environment, Booking Holdings has seen continued strengthening of global travel trends so far in the second quarter of 2022, and they are preparing for a busy summer travel season ahead.
Revenue & Expenses
Visualization of income flow from segment revenue to net income