Booking Q4 2020 Earnings Report
Key Takeaways
Booking Holdings' Q4 2020 results were significantly impacted by the COVID-19 pandemic, with a 63% decrease in total revenues and a net loss of $165 million. Gross travel bookings decreased by 65% compared to the prior year. However, the CEO expressed confidence in the long-term future and eventual recovery of travel demand.
Gross travel bookings decreased by 65% year-over-year to $7.3 billion.
Total revenues decreased by 63% year-over-year to $1.2 billion.
The company reported a net loss of $165 million, compared to net income of $1.2 billion in Q4 2019.
Room nights booked decreased by 60% from the prior year.
Booking
Booking
Booking Revenue by Segment
Forward Guidance
The travel environment continued to be challenging through the fourth quarter of 2020 and into January 2021 as COVID-19 case counts remained very high and travel restrictions were reimposed in many parts of the world. However, in recent weeks, we have started to see some improvements in booking trends that we will continue to monitor. Looking ahead, I am more confident than ever in our long-term future and in the eventual strong recovery of travel demand. We will continue to focus on what we can control, namely investing in our business and executing against our strategic priorities to ensure we exit this crisis on a strong footing.
Revenue & Expenses
Visualization of income flow from segment revenue to net income