Booking Holdings Reports Financial Results for 2nd Quarter 2019

NORWALK, CT – August 7, 2019. . . Booking Holdings Inc. (NASDAQ: BKNG) today reported its 2nd quarter 2019 financial results. Second 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 $25.0 billion, an increase of 5% over a year ago (approximately 10% on a constant-currency basis). Room nights booked in the 2nd quarter increased 12% over a year ago.

Booking Holdings' total revenues for the 2nd quarter of 2019 were $3.9 billion, a 9% increase from the prior year (approximately 14% on a constant-currency basis). Net income in the 2nd quarter was $979 million, which was in line with the prior year. Net income was $22.44 per diluted share, an 11% increase as compared to the prior year.

Non-GAAP total revenues for the 2nd quarter of 2019 were $3.8 billion, a 7% increase from the prior year (approximately 12% on a constant currency basis). Non-GAAP net income in the 2nd quarter was $1.0 billion, a 3% increase versus the prior year. Non-GAAP net income was $23.59 per diluted share, a 14% increase as compared to the prior year. Adjusted EBITDA for the 2nd quarter was $1.4 billion, a 5% increase versus a year ago. The section below entitled "Non-GAAP Financial Measures" provides definitions and information about the use of non-GAAP financial measures in this press release, and the attached financial and statistical supplement reconciles non-GAAP financial information with Booking Holdings' financial results under GAAP.

"Booking Holdings executed another strong quarter as we witnessed a solid start to the summer travel season," said Glenn Fogel, Chief Executive Officer of Booking Holdings. "Globally, our accommodation business booked 213 million room nights in the second quarter, up 12% over the same period last year."

Looking forward, Mr. Fogel said, "As we move into our peak travel season, our teams are focused on delivering exceptional service to all of our customers and partners around the world."

For the full press release, please go here.