Booking Holdings Expects Record Summer and More AI Testing

Key Points

• Booking Holdings reported a record $39.7 billion in bookings last quarter, a 15% increase from the previous year.
• The company's adjusted EBITDA rose to $1.8 billion, a 64% increase year-over-year, with total revenues hitting $5.5 billion.
• Booking Holdings is heavily investing in AI and technology to realize its vision of a 'connected trip,' aiming to simplify the travel booking process.

Summary

Booking Holdings reported a record $39.7 billion in bookings last quarter, marking a 15% increase from the previous year. The company saw a 64% rise in adjusted EBITDA to $1.8 billion and total revenues of $5.5 billion. Booking Holdings is also investing heavily in AI and technology to achieve its vision of a 'connected trip,' aiming to streamline the travel booking process.