By Kimberly Chin

Booking Holdings Inc. reported lower profit and sales as it missed out on the typically lucrative summer season due to the decimation in global travel during the Covid-19 pandemic.

The online-travel agency, which operates sites like Booking.com, Kayak and OpenTable, posted a profit of $801 million, or $19.49 a share, compared with $1.95 billion, or $45.54 a share, a year earlier. Adjusted earnings were $12.27 a share. Analysts polled by FactSet expected a profit of $13.85 a share and $14.36 a share on an adjusted basis.

Revenue decreased to $2.64 billion from $5.04 billion in last year's third quarter on lower merchant, advertising and other revenues. Analysts were expecting $2.55 billion.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

11-05-20 1630ET