Booking Q2 2023 Earnings Report
Key Takeaways
Booking Holdings reported a strong second quarter in 2023, with gross travel bookings reaching $39.7 billion, a 15% increase year-over-year. Total revenues increased by 27% to $5.5 billion, and net income rose by 51% to $1.3 billion. The company saw robust leisure travel demand, driving stronger than expected room nights and gross bookings results.
Gross travel bookings increased by 15% to $39.7 billion.
Room nights booked increased by 9% year-over-year.
Total revenues increased by 27% to $5.5 billion.
Net income increased by 51% to $1.3 billion.
Booking
Booking
Booking Revenue by Segment
Forward Guidance
The company anticipates a record summer travel season in the third quarter and is excited about its generative AI-enabled travel assistants at Priceline and Booking.com.
Revenue & Expenses
Visualization of income flow from segment revenue to net income