Booking reports Q1 beat, but shares down 3% on EBITDA miss

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The company reported an all-time quarterly high for both room nights of 274M and gross bookings of $39.4B, up 38% and 44% year-over-year, respectively.

For Q2, the company expects adjusted EBITDA to be around 35% higher than last year, assuming that room night growth will be up mid-single digits year-over-year.

By Davit Kirakosyan