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Jun 30, 2020
Booking Q2 2020 Earnings Report
Reported financial results for the second quarter of 2020, revealing a significant impact from the COVID-19 pandemic on travel demand.
Key Takeaways
Booking Holdings' Q2 2020 results were significantly impacted by the COVID-19 pandemic, with gross travel bookings decreasing by 91% and total revenues declining by 84% year-over-year. Despite these challenges, the company witnessed improvement in booking trends since April.
Gross travel bookings decreased by 91% year-over-year to $2.3 billion.
Room nights booked decreased by 87% compared to the prior year.
Total revenues decreased by 84% year-over-year to $630 million.
Net income decreased by 88% year-over-year to $122 million.
Booking
Booking
Booking Revenue by Segment
Revenue by Segment
Merchant Revenue
CapyFin.comAgency Revenue
CapyFin.comAdvertising & Other Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income