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Booking Holdings Slumps on Q1 Results

TheMotleyFool

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To no one's surprise, online travel agency Booking Holdings (NASDAQ: BKNG) reported serious downturns in its financials for its Q1 of fiscal 2020.

In its earnings release, Booking Holdings revealed that its total revenue came in at just under $2.29 billion, representing a 19% year-over-year decline. Non-GAAP (adjusted) net income fell at a much steeper rate, landing at $156 million ($3.77 per diluted share), versus the Q1 2019 result of $508 million.

Image source: Getty Images.

Source Fool.com

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