Exhibit 99.1

Booking Holdings Reports Financial Results for 2nd Quarter 2022

NORWALK, CT – August 3, 2022. . . Booking Holdings Inc. (NASDAQ: BKNG) today reported its 2nd quarter 2022 financial results. Second quarter gross travel bookings for Booking Holdings Inc. (the "Company," "Booking Holdings," "we," "our," or "us"), which refers to the total dollar value, generally inclusive of taxes and fees, of all travel services booked by its customers, net of cancellations, were $34.5 billion, an increase of 57% from the prior-year quarter. Room nights booked in the 2nd quarter of 2022 increased 56% from the prior-year quarter.

Booking Holdings' total revenues for the 2nd quarter of 2022 were $4.3 billion, an increase of 99% from the prior-year quarter. Net income for the 2nd quarter of 2022 was $857 million, compared with a net loss of $167 million in the prior-year quarter. Net income per diluted common share in the 2nd quarter of 2022 was $21.07, compared with a net loss per diluted common share of $4.08 in the prior-year quarter.

Non-GAAP net income in the 2nd quarter of 2022 was $776 million, compared with a non-GAAP net loss of $105 million in the prior-year quarter. Non-GAAP net income per diluted common share in the 2nd quarter of 2022 was $19.08, compared with a non-GAAP net loss per diluted common share of $2.55 in the prior-year quarter. Non-GAAP net income (loss) for both periods includes adjustments to exclude net gains on equity securities with readily determinable fair values. Additionally, non-GAAP net income (loss) includes an adjustment to exclude an investment-related impairment charge in the 2nd quarter of 2022 and a loss on early extinguishment of debt in the 2nd quarter of 2021. Adjusted EBITDA for the 2nd quarter of 2022 was $1.1 billion, compared with adjusted EBITDA of $48 million in the prior-year quarter. The section below under the heading "Non-GAAP Financial Measures" provides definitions and information about the use of non-GAAP financial measures in this press release, and the attached financial and statistical supplement reconciles non-GAAP financial results with Booking Holdings' financial results under GAAP.

"We reached another milestone in our company’s recovery from the impact of the pandemic with room nights for the second quarter surpassing 2019 levels for the first time. We continued to see very strong accommodation ADR growth, which helped drive a 38% increase in gross bookings, or a 48% increase on a constant currency basis, in the second quarter versus the second quarter of 2019," said Glenn Fogel, Chief Executive Officer of Booking Holdings. "Looking forward, we expect record Q3 revenue and are very busy working with our customers and partners to help enable an extremely busy summer travel season."

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Non-GAAP Financial Measures

The Unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and include all normal and recurring adjustments that management of the Company considers necessary for a fair presentation of its financial position and operating results.

To supplement the Unaudited Consolidated Financial Statements, the Company uses the following non-GAAP financial measures: adjusted EBITDA, non-GAAP net income (loss), non-GAAP net income (loss) per diluted common share and free cash flow (net cash provided by (used in) operating activities less capital expenditures). The presentation of non-GAAP financial information should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

The Company uses non-GAAP financial measures for financial and operational decision-making and as a basis to evaluate performance and set targets for employee compensation programs. The Company believes that these non-GAAP financial measures are useful for analysts and investors to evaluate the Company's ongoing operating performance because they facilitate comparison of the Company's results for the current period and projected next-period results to those of prior periods and to those of its competitors (though other companies may calculate similar non-GAAP financial measures differently from those calculated by the Company). These non-GAAP financial measures, in particular adjusted EBITDA, non-GAAP net income (loss) and free cash flow, are not intended to represent funds available for Booking Holdings' discretionary use and are not intended to represent or to be used as a substitute for operating income (loss), net income (loss) or net cash provided by (used in) operating activities as measured under GAAP. The items excluded from these non-GAAP measures, but included in the calculation of their closest GAAP equivalent, are significant components of the Company's consolidated statements of operations and cash flows and must be considered in performing a comprehensive assessment of overall financial performance.

Non-GAAP net income (loss) is net income (loss) with the following adjustments:

•     excludes significant losses on assets classified as held for sale,

•excludes gains and losses on equity securities with readily determinable fair values,

•     excludes the impact, if any, of significant gains and losses on the sale of and impairment and credit losses on investments in available-for-sale debt securities and significant gains and losses on the sale of and valuation adjustments on investments in equity securities without readily determinable fair values,

•excludes foreign currency transaction gains and losses on the remeasurement of Euro-denominated debt and accrued interest that are not designated as hedging instruments for accounting purposes and debt-related foreign currency derivative instruments used as economic hedges,

•excludes losses on early extinguishment of debt and related reverse treasury lock agreements which were designated as cash flow hedges,

•excludes amortization expense of intangible assets,

•excludes noncash interest expense related to the amortization of debt discount on our convertible debt, if applicable,

•excludes income taxes, if any, related to the maturity and redemption of convertible notes held for investment, that were reclassified from accumulated other comprehensive income (loss) to income tax expense (benefit),

•excludes the income tax impact, if any, related to one-time adjustments as a result of the U.S. Tax Cuts and Jobs Act enacted in December 2017,

•excludes the impact of net unrecognized tax benefits related to Italian tax matters, and

•     the income tax impact of the non-GAAP adjustments mentioned above and changes in tax estimates, as applicable.

In addition to the adjustments listed above regarding non-GAAP net income (loss), adjusted EBITDA excludes depreciation expense, interest and dividend income, and to the extent not included in the adjustments listed above, interest expense and income tax expense (benefit). In the event the Company reports a GAAP net income but a non-GAAP net loss, dilutive shares that are included in the GAAP weighted-average number of diluted common shares outstanding are excluded from the non-GAAP weighted-average number of diluted common shares outstanding. In the event the Company reports a GAAP net loss but a non-GAAP net income, anti-dilutive shares that are excluded

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from the GAAP weighted-average number of diluted common shares outstanding are included in the non-GAAP weighted-average number of diluted common shares outstanding.

We evaluate certain operating and financial measures on both an as-reported and constant-currency basis. We calculate constant currency by converting our current-year period results for transactions recorded in currencies other than U.S. Dollars using the corresponding prior-year period monthly average exchange rates rather than the current-year period monthly average exchange rates.

The attached financial and statistical supplement includes reconciliations of our financial results under GAAP to non-GAAP financial information for the three and six months ended June 30, 2022 and 2021. We are not able to provide a reconciliation between forward-looking adjusted EBITDA and GAAP net income (loss) because we cannot predict certain components of such reconciliation without unreasonable effort as they arise from events in future periods.

Information About Forward-Looking Statements

This press release contains forward-looking statements, which reflect the views of the Company's management regarding current expectations based on currently available information about future events. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, such as the adverse impact of the COVID-19 pandemic; adverse changes in market conditions for travel services; the Company's ability to attract and retain qualified personnel; adverse changes in relationships with third parties on which the Company depends; the effects of competition; growth and expansion of the business; rapid technological and other market changes; impacts of impairments and changes in accounting estimates; success of the Company's marketing efforts; and other business and industry changes. Other risks and uncertainties relate to cyberattacks and information security; tax, legal, and regulatory risks; increased focus on environmental, social, and governance responsibilities; the Company's facilitation of payments; foreign currency exchange rates; success of the Company's investments and acquisition strategy; and financial risks relating to the Company's debt levels and stock price volatility. For a detailed discussion of these and other risk factors that could cause the Company's actual results to differ materially from those described in the forward-looking statements included in this press release, refer to the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequently filed Quarterly Reports on Form 10-Q. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

About Booking Holdings Inc.

Booking Holdings (NASDAQ: BKNG) is the world’s leading provider of online travel and related services, provided to consumers and local partners in more than 220 countries and territories through six primary consumer-facing brands: Booking.com, Priceline, Agoda, Rentalcars.com, KAYAK and OpenTable. The mission of Booking Holdings is to make it easier for everyone to experience the world. For more information, visit BookingHoldings.com and follow us on Twitter @BookingHoldings.

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For Press Information: Leslie Cafferty communications@bookingholdings.com

For Investor Relations: John Longstreet ir@bookingholdings.com

#BKNG_Earnings

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Booking Holdings Inc.

CONSOLIDATED BALANCE SHEETS

(In millions, except share and per share data)

						June 30, 2022						December 31, 2021
						(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents						$	11,841					$	11,127
Accounts receivable, net (Allowance for expected credit losses of $102 and $101, respectively)						2,249						1,358
Prepaid expenses, net (Allowance for expected credit losses of $30 and $29, respectively)						492						404
Other current assets						342						256
Total current assets						14,924						13,145
Property and equipment, net						858						822
Operating lease assets						445						496
Intangible assets, net						1,925						2,057
Goodwill						2,842						2,887
Long-term investments						2,381						3,175
Other assets, net (Allowance for expected credit losses of $5 and $18, respectively)						1,118						1,059
Total assets						$	24,493					$	23,641
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable						$	2,240					$	1,586
Accrued expenses and other current liabilities						2,364						1,765
Deferred merchant bookings						4,395						906
Short-term debt						1,283						1,989
Total current liabilities						10,282						6,246
Deferred income taxes						805						905
Operating lease liabilities						323						351
Long-term U.S. transition tax liability						711						825
Other long-term liabilities						180						199
Long-term debt						8,190						8,937
Total liabilities						20,491						17,463
Commitments and contingencies
Stockholders' equity:
Common stock, $0.008 par value, Authorized shares: 1,000,000,000 Issued shares: 63,766,460 and 63,584,444, respectively						—						—
Treasury stock, 23,618,459 and 22,518,391 shares, respectively						(26,664)						(24,290)
Additional paid-in capital						6,278						6,159
Retained earnings						24,640						24,453
Accumulated other comprehensive loss						(252)						(144)
Total stockholders' equity						4,002						6,178
Total liabilities and stockholders' equity						$	24,493					$	23,641

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Booking Holdings Inc.

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

(In millions, except share and per share data)

						Three Months Ended June 30,												Six Months Ended June 30,
						2022						2021						2022						2021
Agency revenues						$	2,301					$	1,328					$	3,751					$	2,045
Merchant revenues						1,749						661						2,799						1,034
Advertising and other revenues						244						171						439						222
Total revenues						4,294						2,160						6,989						3,301
Operating expenses:
Marketing expenses						1,737						988						2,884						1,449
Sales and other expenses						465						206						804						318
Personnel, including stock-based compensation of $108, $90, $201 and $199, respectively						635						686						1,231						1,238
General and administrative						207						134						365						253
Information technology						137						93						271						180
Depreciation and amortization						107						108						218						221
Restructuring, disposal, and other exit costs						6						1						42						9
Total operating expenses						3,294						2,216						5,815						3,668
Operating income (loss)						1,000						(56)						1,174						(367)
Interest expense						(76)						(81)						(144)						(179)
Other income (expense), net						220						96						(735)						227
Income (loss) before income taxes						1,144						(41)						295						(319)
Income tax expense (benefit)						287						126						138						(97)
Net income (loss)						$	857					$	(167)					$	157					$	(222)
Net income (loss) applicable to common stockholders per basic common share						$	21.15					$	(4.08)					$	3.86					$	(5.42)
Weighted-average number of basic common shares outstanding (in 000's)						40,512						41,054						40,715						41,014
Net income (loss) applicable to common stockholders per diluted common share						$	21.07					$	(4.08)					$	3.84					$	(5.42)
Weighted-average number of diluted common shares outstanding (in 000's)						40,665						41,054						40,927						41,014

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Booking Holdings Inc.

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions)

						Six Months Ended June 30,
						2022						2021
OPERATING ACTIVITIES:
Net income (loss)						$	157					$	(222)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization						218						221
Provision for expected credit losses and chargebacks						113						37
Deferred income tax benefit						(165)						(120)
Net losses (gains) on equity securities						806						(427)
Stock-based compensation expense and other stock-based payments						201						204
Operating lease amortization						81						91
Unrealized foreign currency transaction gains related to Euro-denominated debt						(68)						(54)
Loss on early extinguishment of debt						—						242
Other						40						47
Changes in assets and liabilities:
Accounts receivable						(1,116)						(820)
Prepaid expenses and other current assets						(181)						(173)
Deferred merchant bookings and other current liabilities						4,861						1,973
Long-term assets and liabilities						(568)						(54)
Net cash provided by operating activities						4,379						945
INVESTING ACTIVITIES:
Purchase of investments						(12)						(15)
Additions to property and equipment						(195)						(124)
Other investing activities						(36)						3
Net cash used in investing activities						(243)						(136)
FINANCING ACTIVITIES:
Proceeds from the issuance of long-term debt						—						2,015
Payments on maturity and redemption of debt						(1,102)						(1,982)
Payments for repurchase of common stock						(2,288)						(150)
Other financing activities						13						(21)
Net cash used in financing activities						(3,377)						(138)
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents						(44)						(1)
Net increase in cash and cash equivalents and restricted cash and cash equivalents						715						670
Total cash and cash equivalents and restricted cash and cash equivalents, beginning of period						11,152						10,582
Total cash and cash equivalents and restricted cash and cash equivalents,   end of period						$	11,867					$	11,252
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid during the period for income taxes						$	337					$	406
Cash paid during the period for interest						$	145					$	164

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Booking Holdings Inc.

UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION

(In millions, except share and per share data) (1)

RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA									Three Months Ended June 30,												Six Months Ended June 30,
									2022						2021						2022						2021
			Net income (loss)						$	857					$	(167)					$	157					$	(222)
(a)			Depreciation and amortization						107						108						218						221
(b)			Loss on assets classified as held for sale						—						—						36						—
(a)			Interest and dividend income						(24)						(4)						(27)						(8)
(a)			Interest expense						76						81						144						179
(c)			Net (gains) losses on equity securities with readily determinable fair values						(365)						(391)						622						(423)
(d)			Impairment of investment						184						—						184						—
(e)			Foreign currency transaction (gains) losses on the remeasurement of certain Euro-denominated debt and accrued interest and debt-related foreign currency derivative instruments						(38)						37						(78)						(54)
(f)			Losses on early extinguishment of debt and related reverse treasury lock agreements						—						257						—						257
(a)			Income tax expense (benefit)						287						126						138						(97)
			Adjusted EBITDA						$	1,086					$	48					$	1,396					$	(147)
			Adjusted EBITDA as a % of Total Revenues						25.3		%				2.2		%				20.0		%				(4.5)		%

RECONCILIATION OF NET INCOME (LOSS) TO NON-GAAP NET INCOME (LOSS) AND NON-GAAP NET INCOME (LOSS) PER DILUTED COMMON SHARE									Three Months Ended June 30,												Six Months Ended June 30,
									2022						2021						2022						2021
			Net income (loss)						$	857					$	(167)					$	157					$	(222)
(b)			Loss on assets classified as held for sale						—						—						36						—
(c)			Net (gains) losses on equity securities with readily determinable fair values						(365)						(391)						622						(423)
(d)			Impairment of investment						184						—						184						—
(e)			Foreign currency transaction (gains) losses on the remeasurement of certain Euro-denominated debt and accrued interest and debt-related foreign currency derivative instruments						(38)						37						(78)						(54)
(f)			Losses on early extinguishment of debt and related reverse treasury lock agreements						—						257						—						257
(g)			Amortization of intangible assets						56						41						112						82
(h)			Debt discount amortization related to convertible debt						—						10						—						22
(i)			Net unrecognized tax benefits related to Italian tax matters						—						—						—						16
(j)			Tax impact of Non-GAAP adjustments						82						107						(97)						2
			Non-GAAP Net income (loss)						$	776					$	(105)					$	937					$	(320)
			Weighted-average number of diluted common shares outstanding (in 000's)						40,665						41,054						40,927						41,014
			Non-GAAP Net income (loss) per diluted common share						$	19.08					$	(2.55)					$	22.89					$	(7.80)

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RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW															Six Months Ended June 30,
																					2022						2021
			Net cash provided by operating activities																		$	4,379					$	945
(k)			Additions to property and equipment																		(195)						(124)
			Free cash flow																		$	4,184					$	821
			Free cash flow as a % of Total Revenues																		59.9		%				24.9		%

(1) Amounts may not total due to rounding.

			Notes:
(a)			Amounts are excluded from Net income (loss) to calculate Adjusted EBITDA.
(b)			Loss on assets classified as held for sale is recorded in Operating expenses and excluded from Net income (loss) to calculate Non-GAAP Net income (loss) and Adjusted EBITDA.
(c)			Net (gains) losses on equity securities with readily determinable fair values are recorded in Other income (expense), net and excluded from Net income (loss) to calculate Non-GAAP Net income (loss) and Adjusted EBITDA.
(d)			Impairment of investment in Yanolja Co., Ltd. equity securities is recorded in Other income (expense), net and excluded from Net income (loss) to calculate Non-GAAP Net income (loss) and Adjusted EBITDA.
(e)			Foreign currency transaction (gains) losses on the remeasurement of Euro-denominated debt and accrued interest that are not designated as hedging instruments for accounting purposes and debt-related foreign currency derivative instruments used as economic hedges are recorded in Other income (expense), net and excluded from Net income (loss) to calculate Non-GAAP Net income (loss) and Adjusted EBITDA.
(f)			Loss of $242 million on early extinguishment of debt and losses of $15 million on related reverse treasury lock agreements which were designated as cash flow hedges are recorded in Other income (expense), net and excluded from Net income (loss) to calculate Non-GAAP Net income (loss) and Adjusted EBITDA.
(g)			Amortization of intangible assets is recorded in Depreciation and amortization and excluded from Net income (loss) to calculate Non-GAAP Net income (loss).
(h)			Noncash interest expense related to the amortization of debt discount on convertible debt is recorded in Interest expense and excluded from Net income (loss) to calculate Non-GAAP Net income (loss). The Company adopted Financial Accounting Standards Board Accounting Standards Update 2020-06 on January 1, 2022 and such debt discount amortization is not recorded in the financial statements for periods after that date.
(i)			Net unrecognized tax benefits related to Italian tax matters is recorded in Income tax expense (benefit) and excluded from Net income (loss) to calculate Non-GAAP Net income (loss).
(j)			Reflects the tax impact of Non-GAAP adjustments above and changes in tax estimates which are excluded from Net income (loss) to calculate Non-GAAP Net income (loss).
(k)			Cash used for additions to property and equipment is included in the calculation of Free cash flow.
			For a more detailed discussion of the adjustments described above, please see the section in this press release under the heading "Non-GAAP Financial Measures" which provides definitions and information about the use of non-GAAP financial measures.

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Booking Holdings Inc.

Statistical Data

In millions(1)

(Unaudited)

Units Sold																																																2Q20						3Q20						4Q20						1Q21						2Q21						3Q21						4Q21						1Q22						2Q22
Room Nights																																																28						127						76						99						157						183						151						198						246
Year/Year (Decline) Growth																																																(86.7)		%				(43.1)		%				(60.4)		%				(20.1)		%				457.5		%				43.9		%				99.9		%				99.7		%				56.3		%
Rental Car Days																																																2						9						8						10						13						13						11						15						16
Year/Year (Decline) Growth																																																(90.4)		%				(55.6)		%				(52.2)		%				(15.1)		%				558.8		%				44.0		%				35.8		%				53.0		%				22.4		%
Airline Tickets																																																1						2						2						3						4						4						4						5						6
Year/Year (Decline) Growth																																																(69.7)		%				(9.3)		%				4.0		%				62.1		%				626.7		%				154.8		%				108.0		%				69.1		%				31.4		%
Gross Bookings(2)																																																2Q20						3Q20						4Q20						1Q21						2Q21						3Q21						4Q21						1Q22						2Q22
Agency																																																$	1,535					$	9,521					$	5,098					$	8,704					$	15,290					$	14,872					$	11,875					$	16,286					$	19,448
Merchant																																																771						3,861						2,215						3,232						6,665						8,812						7,136						11,007						15,097
Total																																																$	2,306					$	13,382					$	7,313					$	11,935					$	21,956					$	23,684					$	19,011					$	27,293					$	34,545
Gross Bookings Year/Year (Decline) Growth
Agency																																																(91.8)		%				(47.4)		%				(64.1)		%				4.6		%				895.6		%				56.2		%				132.9		%				87.1		%				27.2		%
Merchant																																																(88.0)		%				(46.1)		%				(65.9)		%				(20.7)		%				764.4		%				128.2		%				222.2		%				240.6		%				126.5		%
Total																																																(90.8)		%				(47.1)		%				(64.7)		%				(3.7)		%				851.7		%				77.0		%				160.0		%				128.7		%				57.3		%
Constant-currency Basis																																																(91)		%				(48)		%				(65)		%				(6)		%				802		%				75		%				164		%				140		%				73		%
																																																2Q20						3Q20						4Q20						1Q21						2Q21						3Q21						4Q21						1Q22						2Q22
Total Revenues																																																$	630					$	2,640					$	1,238					$	1,141					$	2,160					$	4,676					$	2,981					$	2,695					$	4,294
Year/Year (Decline) Growth																																																(83.7)		%				(47.6)		%				(62.9)		%				(50.2)		%				243.2		%				77.1		%				140.7		%				136.3		%				98.7		%
Constant-currency Basis																																																(83)		%				(49)		%				(63)		%				(51)		%				229		%				76		%				146		%				146		%				116		%

(1)Amounts may not total due to rounding.

(2) Gross bookings is an operating and statistical metric that captures the total dollar value, generally inclusive of taxes and fees, of all travel services booked by our customers, net of cancellations.

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