Strong Financial Performance
Adjusted EBITDA increased 28% year-over-year, and adjusted EPS grew 32% year-over-year. Revenue outperformed expectations with a 16% increase, driven by robust global demand.
Room Night and Booking Growth
Room nights reached 309 million, an 8% year-over-year increase, exceeding prior expectations. Gross bookings rose by 13% and revenue by 16%.
Expansion in Asia and Alternative Accommodations
Asia saw low double-digit growth in room nights. Booking.com's alternative accommodation listings reached 8.4 million, an 8% year-over-year increase, with a 10% growth in alternative accommodation room nights.
Development of Connected Trip Vision
Connected Trip transactions grew over 30% year-over-year, and flight tickets increased by 44% year-over-year.
Advancement in AI Capabilities
Investments in AI have led to improved customer service efficiencies and enhanced user experiences across platforms such as Priceline and OpenTable.
Strong Cash and Liquidity Position
The company ended the quarter with $18.2 billion in cash and investments, driven by $3.1 billion in free cash flow.
Genius Loyalty Program Success
Over 30% of active travelers are in higher Genius tiers, booking mid-50% of Booking.com's total room nights.