Booking announced impressive growth in its profits during the first quarter of 2023, reaching the figure of 776 million dollars, which represents an increase of 243% compared to the same period of the previous year. This notable financial performance confirms the company’s strong position in the market and its ability to adapt to a changing economic environment.
In addition to the extraordinary benefits, the board of directors approved the payment of a dividend of $8.75 per share to shareholders of record at the close of business on June 7. However, the company faces a legal challenge in Spain, where the CNMC proposed a fine of $530 million for alleged abuse of a dominant position.
In terms of billing, Booking Holdings experienced growth of 17%, reaching $4,415 million. Adjusted Ebitda also showed a significant increase, reaching $989 million, an increase of 68.7% compared to the previous quarter.
The Booking Holdings platform saw a 9% increase in the number of rooms booked and a 33% increase in air ticket sales during the first quarter. Glenn Fogel, CEO of the company, highlighted the continuation of his work to improve the traveler experience on Booking.com and the positive results they are achieving.
In summary, Booking Holdings has demonstrated strong financial performance in the first quarter of 2023, with significant growth in profits, revenue and operations. Despite legal challenges, the company remains committed to excellence in the tourism and hospitality industry.
