NASDAQ$BKNG

Booking Holdings Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Booking's financial performance for Q2 2022 showed significant recovery and growth.

Booking Holdings reported a strong second quarter in 2022, with gross travel bookings increasing by 57% year-over-year to $34.5 billion and total revenues increasing by 99% to $4.3 billion. Net income reached $857 million, a significant improvement from the net loss of $167 million in the prior-year quarter. Room nights booked also saw a substantial increase of 56% compared to the previous year.

  • Gross travel bookings increased by 57% year-over-year, reaching $34.5 billion.
  • Total revenues increased by 99% year-over-year, totaling $4.3 billion.
  • Net income was $857 million, a significant improvement from the prior-year quarter's net loss.
  • Room nights booked increased by 56% compared to the same quarter last year, surpassing 2019 levels.

Headline financials

Total Revenue

$4.29B

Previous: $2.16B+98.8%
EPS (adj)

$19.08

Previous: -$2.55+848.2%
Room Nights

246.0M

Previous: 157.0M+56.7%
Rental Car Days

16.0M

Previous: 13.0M+23.1%
Airline Tickets

6.0M

Previous: 4.0M+50.0%
Total Gross Bookings

$34.5B

Previous: $22B+57.3%
Capital Expenditures

-$195M

Previous: -$124M-57.3%
Free Cash Flow

$662M

Previous: -$291M+327.5%
Net Income

$857M

Previous: -$167M+613.2%
Operating Income

$1B

Previous: -$56M+1885.7%
Gross Profit

$4.29B

Previous: $2.16B+98.8%
Cash & Equivalents

$11.8B

Previous: $11.2B+5.4%
Total Assets

$24.5B

Previous: $23.9B+2.6%

Revenue & EPS history

Booking · Revenue · Quarterly

$4.29B

Q2 2022+98.8%vs Q2 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Booking · $4.29B total across 3 segments · Q2 2022

  • Agency Revenue
    $2.3B+73.3%
  • Merchant Revenue
    $1.75B+164.6%
  • Advertising & Other
    $244M+42.7%

Forward guidance

The company expects record Q3 revenue and is actively preparing for a busy summer travel season.

Tailwinds

  • Expecting a very busy summer travel season.
  • Actively working with customers and partners.
  • Preparing to enable an extremely busy summer travel season.
  • Expect record Q3 revenue.
  • Company is recovering from the impact of the pandemic.

Headwinds

  • Adverse impact of the COVID-19 pandemic
  • Adverse changes in market conditions for travel services
  • Company's ability to attract and retain qualified personnel
  • Adverse changes in relationships with third parties on which the Company depends
  • Effects of competition

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+1.4%

Avg return

Earnings day

-0.0%

Avg return

5 days after

+2.2%

Avg return

30 days after

57%

40 / 70 earnings

Positive

+26.9%

Q4 2009

Best reaction

-15.5%

Q2 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.6%-4.5%-3.5%
Q4 2025-5.7%-4.7%+1.3%
Q3 2025-4.4%-1.8%-4.0%
Q2 2025+0.4%-2.1%+0.1%
Q1 2025+3.9%+5.7%+12.4%
Q4 2024-0.5%+0.3%-8.0%
Q3 2024+5.6%+7.9%+17.5%
Q2 2024-10.4%-8.0%+5.2%
Q1 2024+4.7%+5.6%+10.6%
Q4 2023-6.3%-7.0%-3.1%
Q3 2023+3.3%+8.9%+14.2%
Q2 2023+6.2%+11.8%+8.0%
Q1 2023-2.9%-0.4%-0.8%
Q4 2022+1.1%+4.0%+3.0%
Q3 2022-3.4%-2.9%+10.4%
Q2 2022-0.5%-0.0%-6.1%
Q1 2022+3.1%-3.9%+10.9%
Q4 2021-8.9%-13.7%-10.7%
Q3 2021-0.7%+7.6%-13.8%
Q2 2021+3.2%+0.9%+7.7%
Q1 2021-4.3%-5.0%-2.8%
Q4 2020-3.7%-1.6%-1.5%
Q3 2020+4.1%+17.2%+24.0%
Q2 2020+1.7%+4.7%+11.2%
Q1 2020+3.8%+0.5%+31.5%
Q4 2019-3.9%+0.1%-27.3%
Q3 2019-6.6%-6.8%-4.1%
Q2 2019+8.6%+7.3%+10.1%
Q1 2019+4.5%+2.4%+1.5%
Q4 2018-11.4%-10.9%-8.9%
Q3 2018+4.0%+3.3%-0.6%
Q2 2018-7.2%-10.3%-7.0%
Q1 2018-3.8%-4.1%-1.2%
Q4 2017+6.7%+6.7%+9.2%
Q3 2017-13.1%-10.4%-9.3%
Q2 2017-6.7%-9.2%-9.7%
Q1 2017-4.2%-4.5%-0.6%
Q4 2016+5.7%+6.3%+9.4%
Q3 2016+10.8%+8.2%+7.2%
Q2 2016+3.1%+2.6%+3.8%
Q1 2016-8.4%
Q4 2015+12.7%
Q3 2015-8.7%
Q2 2015+5.3%
Q1 2015-4.7%
Q4 2014+8.3%
Q3 2014-8.6%
Q2 2014+1.0%
Q1 2014+0.4%
Q4 2013+3.3%
Q3 2013+1.4%
Q2 2013+4.6%
Q1 2013+4.1%
Q4 2012+3.6%
Q3 2012+10.6%
Q2 2012-15.5%
Q1 2012-4.9%
Q4 2011+7.2%
Q3 2011+7.7%
Q2 2011+4.5%
Q1 2010-0.9%
Q1 2011+2.0%
Q1 2009-1.8%
Q4 2008-1.8%
Q4 2010-1.8%
Q3 2010+7.8%
Q3 2009+7.8%
Q2 2010+26.9%
Q2 2009+26.9%
Q4 2009+26.9%

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