Summary
Booking Holdings Inc. (BKNG) reported its 2021 annual results, showing a significant recovery in travel demand following the COVID-19 pandemic. The company's revenue for the year reached $11.0 billion, a substantial increase from the previous year, driven by a rebound in bookings across its major brands like Booking.com and Priceline. Strategic priorities for the year included expanding Booking.com's flight product, acquiring Etraveli Group and Getaroom, and enhancing its payments platform. The company is focused on its 'Connected Trip' vision, aiming to offer a seamless travel experience from booking to execution, leveraging technology and increased brand collaboration. Despite ongoing uncertainties related to travel recovery and new variants, Booking Holdings remains optimistic about long-term travel demand and its position to benefit from the shift towards online booking channels.
Financial Highlights
51 data points| Revenue | $10.96B |
| Operating Expenses | $8.46B |
| Operating Income | $2.50B |
| Interest Expense | $334.00M |
| Net Income | $1.17B |
| EPS (Basic) | $28.39 |
| EPS (Diluted) | $28.17 |
| Shares Outstanding (Basic) | 41.04M |
| Shares Outstanding (Diluted) | 41.36M |
Key Highlights
- 1Revenue for 2021 reached $11.0 billion, indicating a strong recovery from pandemic-induced lows.
- 2The company completed two strategic acquisitions: Etraveli Group (agreement in November) and Getaroom (December), aiming to expand its offerings and capabilities.
- 3Booking.com significantly expanded its flight product in 2021, a key component of the 'Connected Trip' vision.
- 4International revenue constituted approximately 87% of consolidated revenues, highlighting the company's global reach.
- 5The company continued to invest in its payments platform and capabilities, crucial for a frictionless customer experience.
- 6Booking Holdings reported approximately 20,300 employees globally as of December 31, 2021, with a continued focus on diversity and inclusion.
- 7Despite market recovery efforts, the company highlighted significant risks including the ongoing impact of COVID-19, intense competition, and regulatory uncertainties.