Booking Holdings reported its 1st quarter 2022 financial results. First quarter gross travel bookings were $27.3 billion, an increase of 129% from the prior-year quarter. Room nights booked in the 1st quarter of 2022 increased 100% from the prior-year quarter.
Booking Holdings' total revenues for the 1st quarter of 2022 were $2.7 billion, an increase of 136% from the prior-year quarter. Net loss for the 1st quarter of 2022 was $700 million, compared with a net loss of $55 million in the prior-year quarter.
"I am pleased to report a record $27 billion in gross bookings in the first quarter, the highest quarterly amount in our company’s history," said Glenn Fogel, Chief Executive Officer of Booking Holdings. "Despite an uncertain macroeconomic environment, we have seen continued strengthening of global travel trends so far in the second quarter of 2022, and we are preparing for a busy summer travel season ahead. I’m encouraged by how well our teams are executing to capture travel demand in this recovery environment and our progress in expanding our payments platform at Booking.com while we build towards our Connected Trip vision."