Earnings release
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BOOKING HOLDINGS B. Р a P K Booking Holdings Reports Financial Results for 2nd Quarter 2021 NORWALK , CT - August 4 , 2021 ... Booking Holdings Inc. ( NASDAQ : BKNG ) today reported its 2nd quarter 2021 financial results . Second 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 $ 22.0 billion , an increase of 852 % from the prior year quarter ( approximately an 802 % increase on a constant - currency basis ) . Room nights booked in the 2nd quarter increased 458 % from the prior year quarter . The Company's results for the three and six months ended June 30 , 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 2nd quarter of 2021 were $ 2.2 billion , a 243 % increase from the prior year quarter ( approximately a 229 % increase on a constant - currency basis ) . The Company reported a net loss of $ 167 million in the 2nd quarter of 2021 , compared with net income of $ 122 million in the 2nd quarter of 2020. The results for the 2nd quarter of 2021 and 2020 include net gains of $ 391 million and $ 835 million , respectively , on equity securities with readily determinable fair values . Additionally , in the 2nd quarter of 2021 , the Company recorded a loss on early extinguishment of debt of $ 242 million . In June 2021 , the Company announced its intention to voluntarily return assistance received through various government aid programs and recorded expenses of $ 137 million in the 2nd quarter of 2021 to reflect the return of such assistance . During the 2nd quarter of 2020 , the Company recognized a benefit of $ 100 million related to the government aid programs . Net loss in the 2nd quarter of 2021 was $ 4.08 per diluted common share , compared with net income per diluted common share of $ 2.97 in the 2nd quarter of 2020 . Non - GAAP net loss in the 2nd quarter of 2021 was $ 105 million or $ 2.55 per diluted common share , a 76 % decrease compared to the prior year quarter . Non - GAAP net loss includes adjustments to exclude net gains on equity securities with readily determinable fair values , in both periods , and a loss on early extinguishment of debt in the 2nd quarter of 2021. Adjusted EBITDA for the 2nd quarter of 2021 was $ 48 million , compared with an adjusted EBITDA loss of $ 376 million in the 2nd 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 are encouraged by another quarter of meaningful sequential improvement in booking trends with second quarter room nights increasing 59 % versus the first quarter of 2021 , primarily driven by stronger results in Europe and in the U.S. , " said Glenn Fogel , Chief Executive Officer of Booking Holdings . " We remain focused on strengthening our core accommodation business and driving benefits to our travelers and our accommodation supply partners alike . In addition , we continue to execute against our strategic priorities , including our Connected Trip vision , which we believe will further enhance our core accommodation business . " 1