Online travel and related services provider Booking Holdings Inc. (BKNG,PCLN) on Wednesday posted net loss of $55 million or $1.34 per share, compared to net loss of $699 million or $17.01 per share in the previous-year quarter.
The 2021 results included net gains on marketable equity securities of $32 million while the year-ago results include net losses on marketable equity securities of $307 million.
Excluding certain items, net loss was $215 million or $5.26 per share, compared to net income of $156 million or $3.77 per share in the same period last year.
On average, 28 analysts polled by Thomson Reuters expected the company to report net loss of $5.87 per share in the quarter. Analysts' estimates, usually, exclude one-time items.
Total revenues for the quarter fell 50 percent to $1.14 billion from $2.28 billion a year ago while analysts were expecting revenues of $1.17 billion for the three-month period.
Gross travel bookings for the quarter were down 4 percent to $11.9 billion from $12.4 billion in the prior-year period.
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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.