Online-travel company Booking unexpectedly tops $2 billion in quarterly revenue for first time since the beginning of pandemic.
Booking Holdings Inc. exceeded $2 billion in quarterly sales for the first time since the beginning of the pandemic in a Wednesday earnings report, but losses exceeded expectations as the company waits for a stronger bounceback for travel amid the global pandemic.
Sales increased to $2.16 billion from last year’s $630 million, but still trailed by a wide margin the same quarter in 2019, before the pandemic, when Booking reported revenue of $3.8 billion. Analysts on average expected adjusted losses of $2.06 a share on sales of $1.88 billion, according to FactSet.
“The sharp return to growth initially in the U.S. and then the European markets that we have witnessed this year shows us clearly that travelers are eager to get back to booking trips on our platform when restrictions are lifted and customers are able to travel,” Fogel said. “We expect to be much closer to our 2019 revenue levels in Q3 than we were in Q2, driven by the strong booking improvements we have seen in the last few months.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
From EVs to hydrogen: BofA names the global stocks to trade an emerging $2 trillion marketBank of America picked multiple European stocks to trade the trend of climate change mitigation that it says will soon be worth more than $2 trillion.
Weiterlesen »
Tesla Rival Li Auto Launches $2 Billion Hong Kong Share SaleElectric-car maker Li Auto kicked off a near-$2 billion stock offering in Hong Kong, joining a string of U.S.-listed Chinese companies in tapping investors closer to home.
Weiterlesen »
Gangs on e-scooters targeting GPS farm equipmentTotal theft claims fall after the pandemic but technology stays a draw for criminals, says insurer.
Weiterlesen »
Leicester university planning in-person graduations after delayOne student says the delay is 'disheartening' after a tough year of studying through the pandemic.
Weiterlesen »
Discovery Q2 Profit Fueled by Ad Sales as Streaming Subscribers Total 18 MillionDiscovery said second-quarter profit increased as advertising rebounded from a pullback last year during the coronavirus pandemic and as the company attracted new customers — 18 million to da…
Weiterlesen »
Optimistic Ad Campaigns Collide With Rise in Covid-19 CasesAd campaigns celebrating life after the worst of the Covid-19 pandemic are contrasting with rebounding infections, the spread of the highly transmissible Delta variant and renewed restrictions designed to fight the virus
Weiterlesen »