Priceline first half 2012 results – at-a-glance summary

August 7, 2012 By 1 Comment

Priceline released its first half 2012 results today. A quick overview is as follows:

H1 2012

  • Net revenue – $2,364 million (up from $1,912 million y/y).
  • Gross profit – $1,747 million (up from $1,255 million y/y).
  • Agency revenues – $1,309 million (up from $920 million y/y).
  • Merchant revenues – $1,047 million (up from $985 million y/y).
Q2 2012:
  • Net revenue – $1,327 million (up from 1,102 million y/y).
  • Gross profit – $1,004 million (up from $749 million y/y).
  • Agency revenues – $771 million (up from $569 million y/y).
  • Merchant revenues – $551 million (up from $530 million y/y).

President and CEO Jeff Boyd:

“The Group’s international hotel business continues to perform well in the face of difficult macro-economic conditions and the strengthening dollar, which put pressure on top-line growth rates.

“We will continue to build our franchise by investing in geographic expansion and acquisition of hotels and accommodations, product and service innovation, and customer acquisition.”

Related posts:

  1. Amadeus first half 2012 results – at-a-glance summary
  2. Amadeus first quarter 2012 results – at-a-glance summary
  3. Amadeus fourth quarter and full-year 2011 results – at-a-glance summary
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Kevin May About Kevin May

Kevin May is editor of Tnooz. He joined as a co-founder in August 2009 after spending nearly four years as editor of UK-based business publication Travolution.

Passionate about the business of travel and the internet, Kevin played a major role in establishing Travolution in print, online, events and with an annual awards programme, as well as becoming a regular speaker and moderator at industry events.

Prior to Travolution, Kevin was web editor at Media Week (UK) and also worked in regional newspapers for two years at the Essex Enquirer. He started his career in journalism at the Police Gazette at New Scotland Yard in London.

Comments

  1. Joe Buhler says:
    August 8, 2012 at 10:56 am

    Pretty solid numbers but apparently next quarter guidance given was cautious due to European finance situation and the stock tanked. Down 15.7% Go figure!

    Reply

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