Booking Holdings Records $900 Million Revenue Reduction, $100 Million Loss in FTC Matter
Booking Holdings said it recorded a $900 million reduction in revenue and accrued a $100 million loss related to an FTC matter involving its subsidiary's connection to deceptive hotel ads.
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09:24:44 PM UTC
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Booking Holdings: Recorded Reduction in Revenue of $900M, Accrued Loss of $100M Related to FTC Matter, Have Been Excluded From Adjusted Revenue, Adjusted Net Income, Adjusted EBITDA (and Other Related Measures) >BKNG
Priceline parent Booking Holdings NASDAQ:BKNG said on Tuesday it has recorded a $900 million reduction in revenue and accrued a loss of $100 million related to an FTC matter to its subsidiary's connection to deceptive hotel ads.