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Priceline.com Reports Financial Results for 4th Quarter and Full-Year 2008

02/19/2009| 10:38:00 AM| 中文

February 18, Priceline.com today reported its financial results for the 4th quarter and full-year 2008. Gross travel bookings for the 4th quarter rose 22.9% year-over-year to approximately $1.5 billion.

Wednesday February 18, NORWALK, Conn.--(BUSINESS WIRE)--Priceline.com Incorporated (Nasdaq: PCLN - News) today reported its financial results for the 4th quarter and full-year 2008. Gross travel bookings for the 4th quarter, which refers to the total dollar value, inclusive of all taxes and fees, of all travel services purchased by consumers, rose 22.9% year-over-year to approximately $1.5 billion.

Priceline.com had revenues in the 4th quarter of $406.0 million, a 21.3% increase over a year ago. The Company’s international operations contributed revenues in the 4th quarter of $127.5 million, a 24.4% increase versus a year ago (approximately 44% growth on a local currency basis). Priceline.com’s gross profit for the 4th quarter was $205.1 million, a 28.0% increase from the prior year. The Company’s international operations contributed gross profit in the 4th quarter of $126.6 million, a 25.0% increase versus a year ago (approximately 45% growth on a local currency basis). Priceline.com had GAAP net income for the 4th quarter of $33.3 million or $0.73 per diluted share, which compares to $32.9 million or $0.68 per diluted share in the same period a year ago.

For full-year 2008, priceline.com’s gross travel bookings were approximately $7.4 billion, a 53.2% increase over 2007. Full-year 2008 revenues were $1.9 billion, a 33.7% increase over a year ago. Priceline.com’s gross profit for 2008 was $956.0 million, a 49.5% increase from the prior year. Priceline.com had GAAP net income for 2008 of $193.5 million or $3.98 per diluted share, which compares to $155.5 million or $3.42 per diluted share a year ago. Pro forma net income for 2008 was $5.96 per diluted share, a 47.5% increase over a year ago.

See full story at http://biz.yahoo.com/bw/090218/20090218006256.html?.v=1

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