Booking reports revenue at $2.8B in Q1, down 3% YoY

Thursday, 09. May 2019 22:05

Booking Holdings Inc. said on Wednesday its total revenues for the first three months of the fiscal year 2019 stood at $2.8 billion, declining 3% compared to the same period a year ago. The company said its earnings per share for the first quarter of the year was $16.85, up 37% year on year.

The company said its net income for the period amounted to $765 million, rising 26% compared to the first three months in 2018 while its operating income for the first quarter of this year was $556 million, down 24% compared to the same period last year.

"Q1 was a solid start to the year. We recorded 217 million room nights booked in the quarter, which is up 10% year-over-year." Looking forward, Mr. Fogel said, "We continue to execute against a very large market opportunity and will manage our business with a long-term view in order to capture it," said Booking CEO Glenn Fogel.

Following the release of corporate results, Booking shares jumped 4.03% during the aftermarket trade on Wall Street.

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Breaking the News / VK