Home > > Booking posts a net income of $769 million for the 3rd quarter of 2021

Booking posts a net income of $769 million for the 3rd quarter of 2021

11/04/2021| 8:31:35 AM| 中文

The profit was a 4% decrease from the prior year quarter.

Booking Holdings Inc. (NASDAQ: BKNG) today reported its 3rd quarter 2021 financial results. Third quarter gross travel bookings for Booking Holdings Inc. (the "Company," "Booking Holdings," "we," "our" or "us"), which refers to the total dollar value, generally inclusive of taxes and fees, of all travel services booked by its customers, net of cancellations, were $23.7 billion, an increase of 77% from the prior year quarter (approximately a 75% increase on a constant-currency basis). Room nights booked in the 3rd quarter increased 44% from the prior year quarter. The Company's results for the three and nine months ended September 30, 2021 and 2020 have been materially and negatively impacted due to the COVID-19 pandemic and the resulting economic conditions and government restrictions.

Booking Holdings' total revenues for the 3rd quarter of 2021 were $4.7 billion, a 77% increase from the prior year quarter (approximately a 76% increase on a constant-currency basis). Net income for the 3rd quarter of 2021 was $769 million, a 4% decrease from the prior year quarter. The results for the 3rd quarter of 2021 include net losses of $1.0 billion on equity securities with readily determinable fair values while the results for the 3rd quarter of 2020 include net gains of $730 million on equity securities with readily determinable fair values. Additionally, the Company recorded an impairment charge of $573 million related to OpenTable and KAYAK goodwill in the 3rd quarter of 2020. Net income in the 3rd quarter of 2021 was $18.60 per diluted common share, a 5% decrease from the prior year quarter.

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TAGS: Booking | financial results
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