Booking Q2 2022 Earnings Report
Key Takeaways
Booking Holdings reported a strong second quarter in 2022, with gross travel bookings increasing by 57% year-over-year to $34.5 billion and total revenues increasing by 99% to $4.3 billion. Net income reached $857 million, a significant improvement from the net loss of $167 million in the prior-year quarter. Room nights booked also saw a substantial increase of 56% compared to the previous year.
Gross travel bookings increased by 57% year-over-year, reaching $34.5 billion.
Total revenues increased by 99% year-over-year, totaling $4.3 billion.
Net income was $857 million, a significant improvement from the prior-year quarter's net loss.
Room nights booked increased by 56% compared to the same quarter last year, surpassing 2019 levels.
Booking
Booking
Booking Revenue by Segment
Forward Guidance
The company expects record Q3 revenue and is actively preparing for a busy summer travel season.
Positive Outlook
- Expecting a very busy summer travel season.
- Actively working with customers and partners.
- Preparing to enable an extremely busy summer travel season.
- Expect record Q3 revenue.
- Company is recovering from the impact of the pandemic.
Challenges Ahead
- Adverse impact of the COVID-19 pandemic
- Adverse changes in market conditions for travel services
- Company's ability to attract and retain qualified personnel
- Adverse changes in relationships with third parties on which the Company depends
- Effects of competition
Revenue & Expenses
Visualization of income flow from segment revenue to net income