Loading...
•
Sep 30, 2021
Booking Q3 2021 Earnings Report
Financial results for the third quarter of 2021 were reported.
Key Takeaways
Booking Holdings reported a strong recovery in Q3 2021, with total revenues of $4.7 billion, a 77% increase from the prior year quarter. Gross travel bookings reached $23.7 billion, up 77% year-over-year, driven by improvements in Europe. Net income was $769 million, a 4% decrease from the prior year quarter.
Gross travel bookings increased by 77% year-over-year to $23.7 billion.
Total revenues grew by 77% year-over-year to $4.7 billion.
Net income was $769 million, a 4% decrease from the prior year quarter.
Non-GAAP net income reached $1.6 billion, a 209% increase from the prior year quarter.
Booking
Booking
Booking Revenue by Segment
Revenue by Segment
Merchant Revenue
CapyFin.comAgency Revenue
CapyFin.comAdvertising & Other Revenue
CapyFin.com Forward Guidance
This press release contains forward-looking statements that reflect the views of the Company's management regarding current expectations and projections about future events and are based on currently available information and current foreign currency exchange rates.
Challenges Ahead
- the adverse impact of the COVID-19 pandemic on the Company's business, financial performance and travel demand, generally
- adverse changes in general market conditions for travel services, including the effects of macroeconomic conditions, terrorist attacks, natural disasters, health concerns, civil or political unrest or other events outside our control
- any adverse impacts on our business, operations and/or reputation as a result of participation in government stimulus programs
- our ability to attract and retain qualified personnel
- adverse changes in relationships with travel service providers and restaurants and other third parties on which we are dependent
Revenue & Expenses
Visualization of income flow from segment revenue to net income