Booking Q3 2020 Earnings Report
Key Takeaways
Booking Holdings' third quarter gross travel bookings decreased by 47% to $13.4 billion. Total revenues decreased by 48% to $2.6 billion. Net income was $801 million, a 59% decrease compared to the prior year. Non-GAAP net income was $504 million, a 74% decrease from the prior year.
Third quarter gross travel bookings were $13.4 billion, a decrease of 47% over a year ago.
Room nights booked in the third quarter decreased 43% over a year ago.
Total revenues for the third quarter of 2020 were $2.6 billion, a 48% decrease from the prior year.
Net income in the third quarter of 2020 was $801 million, a 59% decrease as compared to the prior year.
Booking
Booking
Booking Revenue by Segment
Forward Guidance
COVID-19 case counts are now rising steeply in many parts of the world with corresponding increases in lock-downs and re-imposed travel restrictions that will continue to impact travel in the near-term. Nevertheless, we remain confident in a long-term recovery and will continue to invest in our company to ensure that when the pandemic recedes and travel demand returns fully, we are prepared to take advantage of it.
Revenue & Expenses
Visualization of income flow from segment revenue to net income