NASDAQ$BKNG

Booking Holdings Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Booking's Q4 2021 financial results were reported, showing significant growth compared to the prior year, but still impacted by the Omicron wave.

Booking Holdings reported a strong recovery in Q4 2021, with significant increases in gross travel bookings, revenue, and net income compared to the prior year. The results were better than expected, despite the negative impact of the Omicron wave at the end of the quarter.

  • Gross travel bookings increased by 160% year-over-year to $19.0 billion.
  • Total revenues increased by 141% year-over-year to $3.0 billion.
  • Net income was $618 million, compared to a net loss of $165 million in the prior year quarter.
  • Non-GAAP net income was $654 million, compared to a non-GAAP net loss of $23 million in the prior year quarter.

Headline financials

Total Revenue

$2.98B

Previous: $1.24B+140.8%
EPS (adj)

$15.83

Previous: -$0.57+2877.2%
Room Nights

151.0M

Previous: 76.0M+98.7%
Capital Expenditures

$101M

Previous: $64M+57.8%
Free Cash Flow

$178M

Previous: -$641M+127.8%
Net Income

$618M

Previous: -$165M+474.5%
Operating Income

$848M

Previous: -$153M+654.2%
Gross Profit

$2.84B

Previous: $670M+323.9%
Cash & Equivalents

$11.1B

Previous: $10.6B+5.3%
Total Assets

$23.6B

Previous: $21.9B+8.1%

Revenue & EPS history

Booking · Revenue · Quarterly

$2.98B

Q4 2021+140.8%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Booking · $2.98B total across 3 segments · Q4 2021

  • Agency Revenue
    $1.75B+116.2%
  • Merchant Revenue
    $1.04B+176.6%
  • Advertising & Other
    $190M+265.4%

Forward guidance

Booking Holdings expects that there will still be periods where COVID negatively impacts travel trends as they move through the year. They remain focused on driving benefits to their traveler customers and to their supply partners alike while executing against their strategic priorities including building towards their Connected Trip vision.

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 Q4 2021

Historical avgQ4 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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