The company made $17 billion in revenue, while profits grew by more than $3 billion year-over-year.
The owner of Booking.com recorded gross travel bookings of $121.3 billion in 2022, up 58% year-on-year.
An exceptional turnover
Total revenue for 2022 was $17.1 billion – the highest the company has ever achieved and 13% higher than before the 2019 pandemic.
Net profit for the full year of 2022 was $3.1 billion, an increase of 162% over the previous year. Adjusted EBITDA for the full year 2022 was $5.3 billion, up 82% year-over-year.
The CEO is proud
Glenn Fogel, Managing Director of Booking Holdings, said: “Looking at the full year 2022, I’m proud of how our business performed in a challenging and competitive environment. (…) We recorded our highest revenue this year of $17 billion, up 56% compared to 2021 and 13% compared to 2019. (…) We are encouraged by the strong demand continued resilience of travelers over the past year and into the new year, which we believe speaks to our customers’ strong desire to use our platforms to book travel.
Booking wants to advance the seasonal rental
Actress Melissa McCarthy references all of these vacation rentals in the ad for the Booking.com Super Bowl — an intentional move for a brand that deepens the alternative accommodation space. “We are incorporating our alternative lodging offerings into some of our recent branded advertisements to help raise customer awareness of this product,” particularly in the United States, Booking Holdings CEO and President Glenn Fogel said during the interview. the company’s quarterly earnings call, in which he discussed the company’s fourth quarter and full year 2022 financial results. Booking Holdings brands include Booking.com, Priceline, Agoda, Kayak, Rentalcars.com and OpenTable.