NORWALK, CT – November 6, 2017. . . The Priceline Group Inc. (NASDAQ: PCLN) today reported its 3rd quarter
2017 financial results. Third quarter gross travel bookings for The Priceline Group (the "Company," the "Group,"
"we," "our" or "us"), which refers to the total dollar value, generally inclusive of taxes and fees, of all travel
services booked by its customers, net of cancellations, were $21.8 billion, an increase of 18% over a year ago
(approximately 16% on a constant-currency basis).
The Groups gross profit for the 3rd quarter was $4.4 billion, a 22% increase from the prior year (approximately 19%
on a constant-currency basis). International operations contributed gross profit in the 3rd quarter of $4.0 billion, a
23% increase versus a year ago (approximately 20% on a constant-currency basis). Net income in the 3rd quarter
was $1.7 billion, a 240% increase versus the prior year, which included a $941 million goodwill impairment charge.
Net income was $34.43 per diluted share, a 240% increase as compared to the prior year.
http://ir.pricelinegroup.com/releasedetail.cfm?ReleaseID=1047307
