Booking Holdings Inc. (BKNG) reported that its third-quarter net income was $801 million, a 59% decrease from the prior year. Net income was $19.49 per share, a 57% decrease from the previous year.
Net income for the third-quarter of 2020 included an unrealized gain on marketable equity securities of $730 million while the third quarter of 2019 included an unrealized loss on marketable equity securities of $49 million.
Additionally, the company recorded an impairment charge of $573 million for OpenTable and KAYAK goodwill and unrecognized tax benefits of $64 million related to French and Italian tax matters in the third quarter of 2020.
Non-GAAP net income in the quarter was $12.27 per share, a 73% decrease as compared to the prior year.
Total revenues for the quarter were $2.6 billion, a 48% decrease from the prior year, while it was down approximately a 49% on a constant-currency basis.
Analysts polled by Thomson Reuters expected the company to report earnings of $14.13 per share and revenues of $2.54 billion. Analysts' estimates typically exclude special items.
Third quarter gross travel bookings were $13.4 billion, a decrease of 47% over a year ago.
Room nights booked in the third-quarter decreased 43% over a year ago. The company's results for the three and nine months ended September 30, 2020 have been significantly and negatively impacted due to the COVID-19 pandemic and the resulting economic conditions and government orders.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.