NASDAQ$BKNG

Booking Holdings Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and full year 2022.

Booking Holdings reported a strong fourth quarter in 2022, with gross travel bookings increasing by 44% and total revenues increasing by 36% compared to the prior-year quarter. Net income saw a significant increase of 100% from the prior-year quarter.

  • Gross travel bookings increased by 44% to $27.3 billion.
  • Total revenues increased by 36% to $4.0 billion.
  • Net income increased by 100% to $1.2 billion.
  • Room nights booked increased by 39%.

Headline financials

Total Revenue

$4.05B

Previous: $2.98B+35.8%
EPS (adj)

$24.74

Previous: $15.83+56.3%
Room Nights

211.0M

Previous: 151.0M+39.7%
Rental Car Days

14.0M

No prior period
Airline Tickets

6.0M

No prior period
Total Gross Bookings

$27.3B

No prior period
Capital Expenditures

$75M

Previous: $101M-25.7%
Free Cash Flow

$2.1B

Previous: $178M+1078.7%
Net Income

$1.2B

Previous: $618M+94.2%
Operating Income

$1.35B

Previous: $848M+58.6%
Gross Profit

$3.89B

Previous: $2.84B+36.8%
Cash & Equivalents

$12.2B

Previous: $11.1B+9.8%
Total Assets

$25.4B

Previous: $23.6B+7.3%

Revenue & EPS history

Booking · Revenue · Quarterly

$4.05B

Q4 2022+35.8%vs Q4 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Booking · $4.05B total across 3 segments · Q4 2022

  • Agency Revenue
    $2.05B+17.0%
  • Merchant Revenue
    $1.78B+71.2%
  • Advertising & Other
    $220M+15.8%

Forward guidance

The company is encouraged by the continued strength and resiliency of demand from travelers last year and into the new year.

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 2022

Historical avgQ4 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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