Booking Holdings (BKNG) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter decreased from the prior quarter. Compared with the same quarter a year earlier, revenue rose substantially.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter decreased from the prior quarter. Compared with the same quarter a year earlier, revenue rose substantially.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.8B
Revenue reported for this quarter.
Quarter-over-quarter
-6.7%
Change from the immediately preceding quarter.
Year-over-year
+40.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $4.3B | +98.8% |
| Sep 30, 2022 | $6.1B | +29.4% |
| Dec 31, 2022 | $4B | +35.8% |
| Mar 31, 2023 | $3.8B | +40.2% |
Revenue performance
The reported revenue declined relative to the immediately preceding quarter. This sequential drop reflects a lower quarterly figure.
Quarterly comparison
On a year-over-year basis, revenue increased significantly versus the same quarter one year earlier. The trailing twelve-month revenue also remained elevated.
What to watch
The company noted that its financial results depend on facilitating travel-related services, and marketing expenses remain a significant operating cost.