Booking Q1 2023 Earnings Report
Key Takeaways
Booking Holdings reported a strong first quarter in 2023, with significant increases in gross travel bookings, room nights booked, and total revenues. Net income saw a substantial improvement compared to the prior-year quarter, and non-GAAP net income also showed strong growth.
Gross travel bookings increased by 44% to $39.4 billion.
Room nights booked increased by 38% compared to the prior-year quarter.
Total revenues increased by 40% to $3.8 billion.
Net income was $266 million, a significant improvement from the net loss of $700 million in the prior-year quarter.
Booking
Booking
Booking Revenue by Segment
Forward Guidance
This press release contains forward-looking statements, which reflect the views of the Company's management regarding current expectations based on currently available information about future events. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties
Revenue & Expenses
Visualization of income flow from segment revenue to net income