NORWALK, Conn. -- Priceline.com earned $7.7 million in second-quarter
2003, a 22% increase from the corresponding quarter last year, when
Priceline earned $6.3 million.
Revenue declined, from $304.5 million in second-quarter 2002 to
$239.6 million, but, on the plus side, Priceline's gross margin
grew from 15.8% a year ago to 16.9%.
Also contributing to increased profits was $1.1 million in
"other income," most of which was earned by a non-travel business,
Pricelinemortgage.
The online company sold 1.5 million hotel room nights in the
second quarter, a quarterly increase of 38%.