Booking.com 2020Q2財報簡評
Booking Holdings Reports Financial Results for 2nd Quarter 2020

海擇短評 Haize Comment：

Booking公告了2020Q2財報，相關運營數據大概有幾點值得參考。

1. 宣告Q3可以轉盈。自此租車、賭場、OTA三個領域都已有大型上市公司明確表示至少能損益兩平。

2. 非標住宿增速快。Q2非標住宿在Booking份額占比已達40%，看來Airbnb 2020上市不會讓人意外。

3. 恢復速度將放緩。計入取消率後，Q3的間夜數衰退推定在30%-40%，會比Q2好上很多，但是恢復到疫情前的水準估計要一年以上。

文章鏈接 Hyperlink：https://ir.bookingholdings.com/static-files/2221d23a-fa72-41ac-940c-ad80f44d3769

原文 Original Article：

Booking Holdings Reports Financial Results for 2nd Quarter 

2020 NORWALK, CT – August 6, 2020. . . Booking Holdings Inc. (NASDAQ: BKNG) today reported its 2nd quarter 2020 financial results. Second quarter gross travel bookings for Booking Holdings Inc. (the "Company," "Booking Holdings," "we," "our" or "us"), which refers to the total dollar value, generally inclusive of taxes and fees, of all travel services booked by its customers, net of cancellations, were $2.3 billion, a decrease of 91% over a year ago (approximately a 91% decrease on a constant-currency basis). Room nights booked in the 2nd quarter decreased 87% over a year ago. The Company's results for the 1st half of 2020 have been significantly and negatively impacted due to the COVID-19 pandemic and the resulting economic conditions and government orders. 

Booking Holdings' total revenues for the 2nd quarter of 2020 were $630 million, an 84% decrease from the prior year (approximately an 83% decrease on a constant-currency basis). Net income in the 2nd quarter of 2020 was $122 million, an 88% decrease as compared to the prior year. Net income for the 2nd quarters of 2020 and 2019 includes gains on marketable equity securities of $835 million and $17 million, respectively. Net income in the 2nd quarter of 2020 was $2.97 per diluted share, an 87% decrease as compared to the prior year. 

Non-GAAP total revenues for the 2nd quarter of 2020 were $630 million, an 83% decrease as compared to the prior year (approximately an 83% decrease on a constant currency basis). Non-GAAP net loss in the 2nd quarter of 2020 was $443 million, compared to non-GAAP net income of $1.0 billion in the prior year. Non-GAAP net loss in the 2 nd quarter was $10.81 per diluted share, compared with non-GAAP net income of $23.59 per diluted share in the prior year. Non-GAAP net income (loss) includes adjustments to exclude net gains or losses on marketable equity securities. Adjusted EBITDA loss for the 2nd quarter of 2020 was $376 million, compared with Adjusted EBITDA of $1.4 billion a year ago. The section below entitled "Non-GAAP Financial Measures" provides definitions and information about the use of non-GAAP financial measures in this press release, and the attached financial and statistical supplement reconciles non-GAAP financial results with Booking Holdings' financial results under GAAP.

 "We faced a challenging second quarter and continue to face challenges due to the impact of the COVID-19 pandemic on travel demand. However, we have witnessed improvement in booking trends since April, which is encouraging" said Glenn Fogel, Chief Executive Officer of Booking Holdings. Mr. Fogel continued, "Looking forward, we continue to execute on our operating plans to navigate the Company through these challenging times and enable us to emerge from this crisis in a position of strength."

資料來源 Resource：Booking.com IR website

標籤 Label：Booking BKNG earning report room-night alternative accommodation short rental