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8/4, 10:05 PM (Source: TeleTrader)
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Booking's revenue surges by 852% to $22B in Q2

Booking Holdings Inc. announced its revenue in the second quarter of 2021 grew by a staggering 852% in comparison to the same period last year to $22 billion. On the other hand, the company registered a net loss of $167 million, as opposed to the net income of $122 million observed in the second trimester of 2020. Its diluted earnings per share (EPS) worsened on an annual level from $2.97 per share to losses per share of $4.08.

"We remain focused on strengthening our core accommodation business and driving benefits to our travelers and our accommodation supply partners alike," Booking Holdings Chief Executive Officer (CEO) Glenn Fogel commented.

The company's shares rose by 2.37% in the after-hours trading following the release of the report.

Breaking the News / JR