Booking Q4 2021 Earnings Report
Key Takeaways
Booking Holdings reported a strong recovery in Q4 2021, with significant increases in gross travel bookings, revenue, and net income compared to the prior year. The results were better than expected, despite the negative impact of the Omicron wave at the end of the quarter.
Gross travel bookings increased by 160% year-over-year to $19.0 billion.
Total revenues increased by 141% year-over-year to $3.0 billion.
Net income was $618 million, compared to a net loss of $165 million in the prior year quarter.
Non-GAAP net income was $654 million, compared to a non-GAAP net loss of $23 million in the prior year quarter.
Booking
Booking
Booking Revenue by Segment
Forward Guidance
Booking Holdings expects that there will still be periods where COVID negatively impacts travel trends as they move through the year. They remain focused on driving benefits to their traveler customers and to their supply partners alike while executing against their strategic priorities including building towards their Connected Trip vision.
Revenue & Expenses
Visualization of income flow from segment revenue to net income