Booking Holdings (BKNG) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter decreased sequentially but increased compared with the same quarter one year earlier. The current quarter's total trailed the immediately preceding quarter's total.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter decreased sequentially but increased compared with the same quarter one year earlier. The current quarter's total trailed the immediately preceding quarter's total.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.4B
Revenue reported for this quarter.
Quarter-over-quarter
-7.7%
Change from the immediately preceding quarter.
Year-over-year
+16.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$22B
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, 2023 | $5.5B | +27.2% |
| Sep 30, 2023 | $7.3B | +21.3% |
| Dec 31, 2023 | $4.8B | +18.2% |
| Mar 31, 2024 | $4.4B | +16.9% |
Revenue performance
Revenue declined from the immediately preceding quarter, marking a sequential contraction. However, compared with the same quarter a year ago, revenue registered an increase.
Quarterly comparison
Compared with the prior quarter, revenue was lower, reflecting a sequential decline. Relative to the same quarter one year earlier, revenue was higher, showing year-over-year growth.
What to watch
The sequential decline in revenue contrasts with the year-over-year increase, warranting attention to the trend direction in the coming quarters.