Booking sees 12% growth in room nights booked, 15% rise in travel bookings
Total revenues were $3.5 billion as compared to gross profit of $3.0 billion, a 20% increase from the prior year; net income was $977.4 million, a 36% increase versus the prior year.
Second quarter gross travel bookings were USD 23.9 billion, an increase of 15% over a year ago (approximately 11% on a constant-currency basis).
Total revenues for the 2nd quarter were USD 3.5 billion as compared to gross profit of USD 3.0 billion, a 20% increase from the prior year (approximately 16% on a constant-currency basis).
Net income in the 2nd quarter was USD 977.4 million, a 36% increase versus the prior year.
Non-GAAP net income in the 2nd quarter was USD 1.0 billion, a 32% increase versus the prior year.
Adjusted EBITDA for the 2nd quarter was USD 1.3 billion, a 35% increase versus a year ago.
"Booking Holdings achieved strong results for the second quarter," said Glenn Fogel, Chief Executive Officer of Booking Holdings. "Adjusted EBITDA and non-GAAP EPS were up year-over-year 35% and 36%, respectively."
Looking forward, Mr. Fogel said, "We will continue to execute on our long-term strategy to drive profitable growth and invest in capabilities to increase customer loyalty and build a larger direct business."
Guidance for Q3
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