bell notificationshomepageloginNewPostedit profiledmBox

Hoots : Booking Holdings Cost of Revenue When looking at the income statement of Booking Holdings (https://finance.yahoo.com/quote/BKNG/financials/), we see that they had a cost of revenue (likely marketing IMO) in the years 2016 - freshhoot.com

10% popularity   0 Reactions

Booking Holdings Cost of Revenue
When looking at the income statement of Booking Holdings (https://finance.yahoo.com/quote/BKNG/financials/), we see that they had a cost of revenue (likely marketing IMO) in the years 2016 and 2017.
However, in later years they incurred no more such costs. How is that possible and what accounting principle did they use for that?


Load Full (1)

Login to follow hoots

1 Comments

Sorted by latest first Latest Oldest Best

10% popularity   0 Reactions

Sorry, I found it in the footnotes:
There was a change in accounting standards on January 1st, 2018, hence Booking Holdings no longer reports Cost of Revenue but they are instead included in the Operating Expense.


Back to top Use Dark theme