Booking Holdings total revenues for the 2nd quarter were $3.5 billion as compared to gross profit of $3.0 billion, a 20% increase from the prior year (approximately 16% on a constant-currency basis). Net income in the 2nd quarter
was $977.4 million, a 36% increase versus the prior year. Net income was $20.13 per diluted share, a 40% increase as compared to the prior year. Net income in the 2nd quarter of 2018 includes approximately $22 million of net unrealized gains on marketable equity securities during the period, pursuant to the adoption of a new accounting update effective for periods beginning after December 31, 2017.
Non-GAAP net income in the 2nd quarter was $1.0 billion, a 32% increase versus the prior year. Non-GAAP net income was $20.67 per diluted share, a 36% increase compared to $15.14 per diluted share a year ago. Adjusted EBITDA for the 2nd quarter was $1.3 billion, a 35% increase versus a year ago. Non-GAAP net income and adjusted EBITDA exclude net unrealized gains on marketable equity securities of approximately $22 million. 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 information with Booking Holdings' financial results under GAAP.
"Booking Holdings achieved strong results for the second quarter," said Glenn Fogel, Chief Executive Officer of
Booking Holdings. "Adjusted EBITDA and non-GAAP EPS were up year-over-year 35% and 36%, respectively."
Looking forward, Mr. Fogel said, "We will continue to execute on our long-term strategy to drive profitable growth
and invest in capabilities to increase customer loyalty and build a larger direct business."
Q2 2018 Booking Holdings Earnings Conference Call | Booking Holdings
