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BOOKING HOLDINGS B. Р a P K Booking Holdings Reports Financial Results for 1st Quarter 2021 NORWALK , CT - May 5 , 2021 ... Booking Holdings Inc. ( NASDAQ : BKNG ) today reported its 1st quarter 2021 financial results . First quarter gross travel bookings for Booking Holdings Inc. ( the " Company , " " Booking Holdings , " " we , " " our " or " us " ) , which refers to the total dollar value , generally inclusive of taxes and fees , of all travel services booked by its customers , net of cancellations , were $ 11.9 billion , a decrease of 4 % from the prior year ( approximately a 6 % decrease on a constant - currency basis ) . Room nights booked in the 1st quarter decreased 20 % from the prior year . The Company's results for the 1st quarter of 2021 and 2020 have been significantly and negatively impacted due to the COVID - 19 pandemic and the resulting economic conditions and government restrictions . Booking Holdings ' total revenues for the 1st quarter of 2021 were $ 1.1 billion , a 50 % decrease from the prior year ( approximately a 51 % decrease on a constant - currency basis ) . The Company reported a net loss of $ 55 million in the 1st quarter of 2021 , compared with a net loss of $ 699 million in the 1st quarter of 2020. The results for the 1st quarter of 2021 include net gains on marketable equity securities of $ 32 million while the results for the 1st quarter of 2020 include net losses on marketable equity securities of $ 307 million . Additionally , in the 1st quarter of 2020 , the Company recorded an impairment charge of $ 489 million related to OpenTable and KAYAK goodwill and $ 100 million related to an investment in equity securities . Net loss in the 1st quarter of 2021 was $ 1.34 per diluted common share , compared with net loss per diluted common share of $ 17.01 in the 1st quarter of 2020 . Non - GAAP net loss in the 1st quarter of 2021 was $ 215 million , compared with non - GAAP net income in the 1st quarter of 2020 of $ 156 million . Non - GAAP net loss in the 1st quarter of 2021 was $ 5.26 per diluted common share , compared with non - GAAP net income of $ 3.77 per diluted common share in the 1st quarter of 2020. Non GAAP net ( loss ) income includes adjustments to exclude net gains or losses on marketable equity securities and foreign currency transaction gains on the remeasurement of Euro - denominated debt that was not designated as a hedging instrument , in both periods , and the goodwill and investment impairments in the 1st quarter of 2020 . Adjusted EBITDA for the 1st quarter of 2021 was a loss of $ 195 million , compared with adjusted EBITDA of $ 290 million in the 1st quarter of 2020. The section below under the heading " Non - GAAP Financial Measures " provides definitions and information about the use of non - GAAP financial measures in this press release , and the attached financial and statistical supplement reconciles non - GAAP financial results with Booking Holdings ' financial results under GAAP . " We saw encouraging signs of improving booking trends in the first quarter that continued into April with notable strength in the U.S. , " said Glenn Fogel , Chief Executive Officer of Booking Holdings . " While we expect there will be continued volatility in the recovery of global travel demand , our teams across Booking Holdings will continue their hard work to strengthen the positioning of our company and execute against our key strategic priorities . " 1