Quarterly Summary 2019 2022 2023 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Nights and 81.3M 83.9M 85.9M 75.8M 102.1M 103.7M 99.7M 88.2M 121.1M
115.1M 113.2M 98.8M Experiences Booked Y/Y 59% 25% 25% 20% 19% 11% 14% 12% Y/2019 26% 24% 16% 16% 49% 37% 32% 30% Gross Booking Value $9.9B $9.9B $9.6B $8.6B $17.2B $16.9B $15.6B $13.5B $20.4B $19.1B $18.3B $15.5B Y/Y 67% 27% 31% 20% 19% 13% 17% 15%
Y/2019 73% 73% 62% 58% 105% 94% 89% 81% Gross Booking Value per Night and $122.36 $117.14 $112.39 $112.63 $168.07 $163.74 $156.44 $152.81 $168.43 $166.01 $161.38 $156.73 Experience Booked (or ADR) Y/Y 5% 1% 5% (1)% % 1% 3% 3% Y/2019 37%
40% 39% 36% 38% 42% 44% 39% 2019 2022 2023 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Revenue $839M $1,214M $1,645M $1,107M $1,509M $2,104M $2,884M $1,902M $1,818M $2,484M $3,397M $2,218M Y/Y 31% 34% 30% 32% 70% 58% 29% 24% 20% 18% 18% 17% FX Neutral Y/Y
74% 64% 36% 31% 24% 19% 14% 14% Y/2019 80% 73% 75% 72% 117% 105 % 107 % 100 % Net income (loss) $(292)M $(297)M $266M $(351)M $(19)M $379M $1,214M $319M $117M $650M $4,374M $(349)M Adjusted EBITDA $(248)M $(42)M $313M $(276)M $229M
$711M $1,457M $506M $262M $819M $1,834M $738M Net cash provided by (used in) operating $314M $152M $(43)M $(190)M $1,202M $801M $964M $463M $1,587M $909M $1,325M $63M activities Free Cash Flow $277M $122M $(75)M $(216)M $1,196M $796M $958M
$455M $1,581M $900M $1,310M $46M TTM Net cash provided $591M $461M $321M $233M $2,909M $2,920M $3,349M $3,430M $3,815M $3,923M $4,284M $3,884M by operating activities TTM Free Cash Flow $495M $349M $198M $108M $2,886M $2,899M $3,328M $3,405M
$3,790M $3,894M $4,246M $3,837M 2019 2022 2023 Mar 31 Jun 30 Sept 30 Dec 31 Mar 31 Jun 30 Sept 30 Dec 31 Mar 31 Jun 30 Sept 30 Dec 31 Cash and other $3,480M $3,407M $3,350M $3,084M $9,337M $9,910M $9,629M $9,639M $10,624M $10,369M $10,986M $10,095M
liquid assets (1) Funds receivable and amounts held on $3,800M $4,432M $2,919M $3,145M $6,105M $7,466M $4,805M $4,783M $7,760M $9,144M $5,986M $5,869M behalf of customers Unearned fees $966M $1,050M $665M $675M $1,748M $1,981M $1,220M
$1,182M $2,172M $2,347M $1,467M $1,427M 1 Includes cash and cash equivalents, restricted cash, and short-term investments. 25