Booking Holdings today reported its fourth quarter and full-year 2018 financial results.
Q4 financial results
Fourth quarter gross travel bookings for Booking Holdings were $19.6 billion, an increase of 9% over a year ago.
Booking Holdings' total revenues for the 4th quarter were $3.2 billion, as compared to gross profit of $2.8 billion in the 4th quarter of 2017, a 16% increase from the prior year.
Net income in the 4th quarter was $646 million.
Non-GAAP net income in the 4th quarter of 2018 was $1.0 billion, a 25% increase versus the prior year.
Adjusted EBITDA for the 4th quarter of 2018 was $1.3 billion, a 17% increase versus a year ago.
Full-year financial results
For the full-year 2018, Booking Holdings had gross travel bookings of $92.7 billion, a 14% increase compared to 2017.
Booking Holdings' total revenues in 2018 were $14.5 billion, as compared to gross profit of $12.4 billion in 2017, a 17% increase from the prior year.
International operations contributed full-year revenues of $13.0 billion, a 17% increase versus the prior year.
Non-GAAP net income for the full-year 2018 was $4.4 billion, a 16% increase versus the prior year.
Adjusted EBITDA for 2018 was $5.7 billion, an 18% increase over the prior year.
"2018 was a good year for Booking Holdings as we met many important financial and strategic goals," said Glenn Fogel, Chief Executive Officer of Booking Holdings. "In 2018, we achieved a new milestone exceeding three-quarters of a billion total booked room nights and produced strong year-over-year growth across our key financial metrics." Looking forward, Mr. Fogel said, "I am excited about the investments we are making in 2019 as we position the Company for long-term growth."
Guidance for Q1 2019
For the full year 2019, we currently expect our non-GAAP net income per diluted share, on a constant currency basis, to grow year-over-year in the low double digits.
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