NASDAQ$BKNG

Booking Holdings Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Financial results for the third quarter of 2021 were reported.

Booking Holdings reported a strong recovery in Q3 2021, with total revenues of $4.7 billion, a 77% increase from the prior year quarter. Gross travel bookings reached $23.7 billion, up 77% year-over-year, driven by improvements in Europe. Net income was $769 million, a 4% decrease from the prior year quarter.

  • Gross travel bookings increased by 77% year-over-year to $23.7 billion.
  • Total revenues grew by 77% year-over-year to $4.7 billion.
  • Net income was $769 million, a 4% decrease from the prior year quarter.
  • Non-GAAP net income reached $1.6 billion, a 209% increase from the prior year quarter.

Headline financials

Total Revenue

$4.68B

Previous: $2.64B+77.1%
EPS (adj)

$37.70

Previous: $12.27+207.3%
Room Nights

183.0M

Previous: 127.0M+44.1%
Rental Car Days

13.0M

Previous: 9.0M+44.4%
Airline Tickets

4.0M

Previous: 2.0M+100.0%
Total Gross Bookings

$23.7B

Previous: $13.4B+76.7%
Capital Expenditures

-$203M

Previous: -$222M+8.6%
Free Cash Flow

$566M

Previous: $579M-2.2%
Net Income

$769M

Previous: $801M-4.0%
Operating Income

$2.02B

Previous: $315M+539.7%
Gross Profit

$4.68B

Previous: $2.64B+77.1%
Cash & Equivalents

$11.6B

Previous: $11.2B+4.0%
Total Assets

$23.3B

Previous: $22.1B+5.4%

Revenue & EPS history

Booking · Revenue · Quarterly

$4.68B

Q3 2021+77.1%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Booking · $4.68B total across 3 segments · Q3 2021

  • Agency Revenue
    $2.87B+66.4%
  • Merchant Revenue
    $1.62B+93.8%
  • Advertising & Other
    $187M+133.8%

Forward guidance

This press release contains forward-looking statements that reflect the views of the Company's management regarding current expectations and projections about future events and are based on currently available information and current foreign currency exchange rates.

Headwinds

  • the adverse impact of the COVID-19 pandemic on the Company's business, financial performance and travel demand, generally
  • adverse changes in general market conditions for travel services, including the effects of macroeconomic conditions, terrorist attacks, natural disasters, health concerns, civil or political unrest or other events outside our control
  • any adverse impacts on our business, operations and/or reputation as a result of participation in government stimulus programs
  • our ability to attract and retain qualified personnel
  • adverse changes in relationships with travel service providers and restaurants and other third parties on which we are dependent

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 Q3 2021

Historical avgQ3 2021

+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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