Booking Holdings records 217 million room nights booked, net income up 26%
05/10/2019|5:52:06 AM|Booking Holdings

Booking Holdings today reported its 1st quarter 2019 financial results.

Q1 financial results

First quarter gross travel bookings for Booking Holdings were $25.4 billion, an increase of 2% over a year ago (approximately 8% on a constant-currency basis).

Total revenues for the 1st quarter of 2019 were $2.8 billion, a 3% decrease from the prior year (an increase of approximately 3% on a constant-currency basis). 

Net income in the 1st quarter was $765 million, a 26% increase versus the prior year. 

Non-GAAP net income in the 1st quarter was $508 million, a 14% decrease versus the prior year. 

Adjusted EBITDA for the 1st quarter was $718 million, a 10% decrease versus a year ago. 

"Q1 was a solid start to the year," said Glenn Fogel, Chief Executive Officer of Booking Holdings. "We recorded 217 million room nights booked in the quarter, which is up 10% year-over-year." Looking forward, Mr. Fogel said, "We continue to execute against a very large market opportunity and will manage our business with a long-term view in order to capture it."

Guidance for the 2nd quarter of 2019 is as follows:

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