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Mar 31, 2023
Booking Q1 2023 Earnings Report
Booking Holdings reported a strong start to the year with first quarter room nights and gross bookings reaching highest quarterly levels ever, surpassing previous expectations.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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