Booking (BKNG) 8-K Other events

Exhibit 99.2

Priceline.com Reports 2^nd Quarter 2004 Financial Results

Gross travel bookings are $470.4 million, up 58% year over year

Airline ticket unit bookings grow 60%

NORWALK, Conn., August 2, 2004 . . . Priceline.com^® Incorporated (Nasdaq: PCLN) today reported 2^nd quarter 2004 gross travel bookings of $470.4 million, a 58% increase over a year ago.  Gross travel bookings refer to the total dollar value inclusive of taxes and fees of all travel products purchased by consumers.  Revenues were $259.4 million, an increase of 8% compared to $239.6 million during the same period a year ago.

Pro forma gross profit for the 2^nd quarter 2004 was $54.6 million, a 35% increase over the same period a year ago.  Pro forma net income for the 2^nd quarter 2004 was $12.8 million, or $0.32 per diluted common share.  Pro forma gross profit and pro forma net income exclude the effects of non-cash amortization of acquisition expense (primarily associated with priceline.com’s acquisition of a majority of the equity of Travelweb LLC) and pro forma net income further excludes the effects of stock-based compensation expense, option payroll tax expense and, when applicable, the payment of non-cash preferred stock dividends.  Priceline.com’s GAAP gross profit for the 2^nd quarter was $53.8 million.  Priceline.com’s GAAP net income per share for the 2^nd quarter was $0.29, an increase of 46% over 2^nd quarter 2003.   The attached financial and statistical supplement reconciles pro forma financial information with priceline.com’s financial results under GAAP and the section below entitled “Non-GAAP Financial Measures” provides further information about the use of pro forma financial measures used in this press release.

Priceline.com reported strong 2^nd quarter 2004 growth across its travel products.  Airline ticket unit bookings grew 60% compared to a year ago, while hotel room night unit bookings grew 32%, and rental car day unit bookings grew 63%.  Unit bookings are inclusive of priceline.com’s opaque Name Your Own Price® products and its growing complement of retail travel products offered on priceline.com and through sister sites Travelweb.com, Lowestfare.com, Rentalcars.com and Breezenet.com.  Unit bookings also include products sold as part of priceline.com’s packaged vacations service.

“The expansion of priceline’s product line to give our customers greater travel choices has contributed to improved topline results.  In addition, acquired businesses such as Travelweb, are performing well,” said priceline’s President and Chief Executive Officer, Jeffery H. Boyd.  “With a strong topline performance, priceline.com was able to deliver pro forma earnings growth of 63% year-over-year, despite increased investments in new products and advertising.”

Operating Highlights

•Travelweb.com acquisition.  In May, priceline.com increased its ownership in the Travelweb.com retail hotel reservation Web site to 85.7%.  Phase I site improvements have been made on Travelweb.com and development is under way to make more extensive retail choices available to priceline.com customers through Travelweb.

•Expansion of rental car retail offerings.  Priceline.com launched a new retail rental car search and booking tool on RentalCars.com in May.  This tool, which expands choice and should aid conversion and customer retention, is scheduled to be rolled out to other owned websites in the coming months.

•New packaged vacations service launch.  In the 2^nd quarter, priceline.com gave consumers even more ways to save on vacation packages.  In most instances, when customers pick a vacation destination, priceline.com gives them two options.  They can choose the exact hotel they want, as well as pick their flight times and itineraries.  Or, for deeper savings, they can let priceline.com pick the flights for them.  In all cases, customers see a final price before choosing their vacation and hotels come with full descriptions, maps and more.

“Now that priceline has a full suite of retail travel products, the next step is to optimize the offering of those products on priceline.com, particularly in hotels and rental cars,” said Mr. Boyd.  “In the coming months we intend to enhance the presentation of retail choices to hotel and rental car customers and improve packaging and cross-sell offerings in all our product paths.  Based on our success with our new airline ticket and packages products, we believe these steps will significantly strengthen priceline.com’s product offering and contribute to topline performance into 2005.”

Forward Guidance

Looking forward, Mr. Boyd commented, “We intend to continue our investment in product offerings and advertising, including Travelweb, since those investments are clearly paying dividends and position us well for the future.  We expect priceline.com will continue to deliver solid earnings growth this year while positioning itself for continued growth in 2005 and beyond.”

Priceline.com issued the following guidance for the 2^nd half of 2004:

•Average quarterly gross bookings growth of 44% - 48% on a year-over-year basis;

•Average quarterly airline ticket unit sales growth of approximately 60% on a year-over-year basis;

•Average quarterly hotel room night unit sales growth of approximately 25% on a year-over-year basis;

•Average quarterly rental car day unit sales growth of approximately 20% on a year-over-year basis;

•Average quarterly revenue growth of approximately 5% on a year-over-year basis; and

•Average quarterly pro forma gross profit growth of approximately 35% on a year-over-year basis.

Priceline issued the following guidance for the 3rd quarter of 2004:

•Pro forma net income per share of $0.25 to $0.30 per share.

Priceline issued the following guidance for the 4^th quarter of 2004:

•Pro forma net income per share of $0.13 to $0.17 per share.

A reconciliation of pro forma financial results to GAAP results are included in the attached financial and statistical supplement.  Priceline.com is targeting GAAP net income per share of approximately $0.21 to $0.26 in the 3rd quarter 2004 and $0.11 to $0.15 in the 4^th quarter 2004, which includes the non-cash amortization of acquisition expense (primarily associated with the acquisition of Travelweb LLC), stock-based compensation, option payroll taxes and, when applicable, the payment of non-cash preferred stock dividends, totaling approximately $1.5 million to $1.8 million in the 3^rd quarter 2004 and approximately $500,000 to $700,000 in the 4^th quarter 2004.

About Priceline.com

Priceline.com is a travel service that offers leisure airline tickets, hotel rooms, rental cars, vacation packages and cruises.  Priceline.com also has a personal finance service that offers home mortgages, refinancing and home equity loans through an independent licensee.  Priceline.com operates the retail travel Web sites Travelweb.com, Lowestfare.com, Rentalcars.com and Breezenet.com.  Priceline.com licenses its business model to independent licensees, including pricelinemortgage and certain international licensees.

###

Press information:   Brian Ek  203-299-8167  (brian.ek@priceline.com)

Information About Forward-Looking Statements

This press release may contain forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict; therefore, actual results may differ materially from those expressed, implied or forecasted in any such forward-looking statements. Expressions of future goals and similar expressions including, without limitation, “may,” “will,” “should,” “could,” “expects,” “intend,” “does not currently expect,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “targets,” or “continue,” reflecting something other than historical fact are intended to identify forward-looking statements. The following factors, among others, could cause priceline.com’s actual results to differ materially from those described in the forward-looking statements: adverse changes in general market conditions for leisure and other travel products as the result of, among other things, terrorist attacks; adverse changes in priceline.com’s relationships with airlines and other product and service providers including, without limitation, the withdrawal of suppliers from the priceline.com system; the bankruptcy or insolvency of another major domestic airline; the effects of increased competition; systems-related failures and/or security breaches; priceline.com’s ability to protect its intellectual property rights; losses by priceline.com and its licensees; final adjustments made in closing the quarter; legal and regulatory risks and the ability to attract and retain qualified personnel. For a detailed discussion of these and other factors that could cause priceline.com’s actual results to differ materially from those described in the forward-looking statements, please refer to priceline.com’s most recent Form 10-Q, Form 10-K and Form 8-K filings with the Securities and Exchange Commission. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Measures

Pro forma gross profit excludes the effect of non-cash amortization of acquisition expense associated with the acquisition of Travelweb LLC.  Pro forma net income excludes the effects of non-cash amortization of acquisition expense (primarily associated with the acquisition of Travelweb LLC), stock based compensation, option payroll taxes and, when applicable, the payment of non-cash preferred stock dividends.  Pro forma net income and pro forma gross profit are “non-GAAP financial measures,” as such term is defined by the Securities and Exchange Commission, and may differ from non-GAAP financial measures used by other companies.  Priceline.com believes that pro forma net income and pro forma gross profit that exclude non-cash amortization of acquisition expense are useful for investors to evaluate priceline.com’s future on-going performance because they enable a more meaningful comparison of priceline.com’s projected cash earnings and performance with its historical results from prior periods.  Stock based compensation and preferred stock dividends are excluded from pro forma net income because they do not impact cash earnings and are reflected in earnings per share through increased share counts.  Option payroll tax often shows volatility unrelated to operating results since the expense is driven primarily by option exercise activity and the market price of priceline.com’s common stock.  The presentation of this financial information should not be considered in isolation or as a substitute for the financial information prepared and presented in accordance with generally accepted accounting principles

in the United States.  The attached financial and statistical supplement reconciles pro forma financial information with priceline.com’s financial results under GAAP.

priceline.com Incorporated

CONSOLIDATED BALANCE SHEETS

(In thousands, except per share data)

	June 30, 2004			December 31, 2003
	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	156,306		$	93,732
Restricted cash	23,502			22,485
Short-term investments	206,360			151,736
Accounts receivable, net of allowance for doubtful accounts of $1,038 and $794 at June 30, 2004 and December 31, 2003, respectively	23,733			10,782
Prepaid expenses and other current assets	6,156			4,778
Total current assets	416,057			283,513
Property and equipment, net	15,474			16,524
Intangible assets, net	13,570			7,053
Goodwill	32,837			8,779
Other assets	16,674			21,915
Total assets	$	494,612		$	337,784
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	49,380		$	25,061
Accrued expenses	22,680			21,031
Deferred merchant bookings	8,867			—
Other current liabilities	3,340			3,522
Total current liabilities	84,267			49,614
Other long-term liabilities	1,763			1,069
Minority interest	691			—
Long-term debt	223,348			124,524
Total liabilities	310,069			175,207
SERIES B MANDATORILY REDEEMABLE PREFERRED STOCK	13,470			13,470
Stockholders’ equity
Common stock	315			306
Treasury stock	(350,628		)	(350,628		)
Additional paid-in capital	2,062,613			2,055,607
Deferred compensation	(1,516		)	(1,408		)
Accumulated deficit	(1,539,712		)	(1,555,444		)
Accumulated other comprehensive income	1			674
Total stockholders’ equity	171,073			149,107
Total liabilities and stockholders’ equity	$	494,612		$	337,784

priceline.com Incorporated

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data, unaudited)

	Three Months Ended					Six Months Ended
	June 30, 2004			June 30, 2003		June 30, 2004			June 30, 2003
Merchant revenues	$	249,860		$	236,943	$	466,871		$	435,551
Agency revenues	8,747			1,476		15,195			2,481
Other revenues	782			1,147		1,454			2,021
Total revenues	259,389			239,566		483,520			440,053
Cost of merchant revenues	205,610			199,072		386,367			366,572
Cost of agency revenues	—			—		—			—
Cost of other revenues	—			—		—			—
Total costs of revenues	205,610			199,072		386,367			366,572
Gross profit	53,779			40,494		97,153			73,481
Operating expenses:
Advertising	16,366			10,774		31,771			21,872
Sales and marketing	9,096			7,790		15,802			14,653
Personnel	7,783			7,546		16,018			15,059
General and administrative, including option payroll taxes	4,454			2,744		7,963			5,563
Information technology	2,455			2,604		4,969			4,971
Depreciation and amortization	2,565			2,787		4,785			6,699
Stock based compensation	112			70		218			70
Restructuring charge/(reversal)	(12		)	—		(12		)	—
Warrant costs	—			—		—			6,638
Total operating expenses	42,819			34,315		81,514			75,525
Operating income (loss)	10,960			6,179		15,639			(2,044		)
Other income:
Interest income	1,029			405		2,139			897
Interest expense	(566		)	—		(1,132		)	—
Equity in income (loss) of investees, net	(35		)	1,105		(161		)	1,105
Other	13			—		19			—
Total other income	441			1,510		865			2,002
Net income (loss)	11,401			7,689		16,504			(42		)
Preferred stock dividend	—			—		(772		)	(297		)
Net income (loss) applicable to common stockholders	$	11,401		$	7,689	$	15,732		$	(339	)
Net income (loss) applicable to common stockholders per basic common share	$	0.30		$	0.20	$	0.42		$	(0.01	)
Weighted average number of basic common shares outstanding	38,076			37,635		37,822			37,556
Net income (loss) applicable to common stockholders per diluted common share	$	0.29		$	0.20	$	0.41		$	(0.01	)
Weighted average number of diluted common shares outstanding	39,932			39,284		38,778			37,556

priceline.com Incorporated

RECONCILIATION OF GAAP GROSS PROFIT AND NET INCOME TO PRO FORMA GROSS PROFIT AND NET INCOME

(In thousands, except per share data, unaudited)

	GAAP			Adjustments			Pro Forma
Merchant revenues	$	249,860		$	—		$	249,860
Agency revenues	8,747			—			8,747
Other revenues	782			—			782
Total revenues	259,389			—			259,389
Cost of merchant revenues	205,610			(829		)(a)	204,781
Cost of agency revenues	—			—			—
Cost of other revenues	—			—			—
Total costs of revenues	205,610			(829		)	204,781
Gross profit	53,779			829			54,608
Operating expenses:
Advertising	16,366			—			16,366
Sales and marketing	9,096			—			9,096
Personnel	7,783			—			7,783
General and administrative, including option payroll taxes	4,454			(298		)(b)	4,156
Information technology	2,455			—			2,455
Depreciation and amortization	2,565			(193		)(c)	2,372
Stock based compensation	112			(112		)(d)	—
Restructuring charge/(reversal)	(12		)	12		(e)	—
Warrant costs	—			—			—
Total operating expenses	42,819			(591		)	42,228
Operating income	10,960			1,420			12,380
Other income:
Interest income	1,029			—			1,029
Interest expense	(566		)	—			(566		)
Equity in loss of investees, net	(35		)	—			(35		)
Other	13			(13		)(f)	—
Total other income	441			(13		)	428
Net income	11,401			1,407			12,808
Preferred stock dividend	—			—			—
Net income applicable to common stockholders	$	11,401		$	1,407		$	12,808
Net income (loss) applicable to common stockholders per basic common share	$	0.30					$	0.34
Weighted average number of basic common shares outstanding	38,076						38,076
Net income (loss) applicable to common stockholders per diluted common share	$	0.29					$	0.32
Weighted average number of diluted common shares outstanding	39,932						39,932

(a)           Cost of revenue adjustment for Travelweb acquired intangibles.

(b)           Adjustment for option payroll tax.

(c)           Amortization adjustment for acquisition-related intangibles, primarily related to Travelweb.

(d)           Adjustment for stock-based compensation.

(e)           Adjustment for restructuring reversal.

(f)            Adjustment for minority interest credit related to Travelweb.

priceline.com Incorporated - 2004 SECOND QUARTER FINANCIAL DATA SUPPLEMENT

priceline.com Financials

This supplement is unaudited and intended as a supplement to, and should be read in conjunction with, the Company’s audited financial statements and the notes thereto filed with the SEC on Form 10-K and unaudited quarterly financial statements filed with the SEC on Form 10-Q.  Certain data have been reclassified in order to conform historical information in a manner consistent with current presentation and has not been audited in this form.  Certain presentations within this supplement are not consistent with Generally Accepted Accounting Principles.

priceline.com Incorporated

Consolidated Statements of Operations

In thousands, except per share data

(Unaudited)

Income Statement Analysis	1Q03			2Q03			3Q03			4Q03				1Q04			2Q04			2Q04 vs. 2Q03		6 months 2004			6 months 2003			6 mos. 2004 vs. 6 mos. 2003
Merchant revenues	$	198,608		$	236,943		$	240,584		$	176,319			$	217,011		$	249,860		5	%	$	466,871		$	435,551		7	%
Agency revenues	1,005			1,476			1,895			3,178				6,448			8,747			493	%	15,195			2,481			512	%
Other revenues	874			1,147			962			670				672			782			-32	%	1,454			2,021			-28	%
Total revenues	200,487			239,566			243,441			180,167				224,131			259,389			8	%	483,520			440,053			10	%
Cost of merchant revenues	167,500			199,072			202,793			148,351				180,757			205,610			3	%	386,367			366,572			5	%
Cost of agency revenues	—			—			—			—				—			—			0	%	—			—			0	%
Cost of other revenues	—			—			—			—				—			—			0	%	—			—			0	%
Total costs of revenues	167,500			199,072			202,793			148,351				180,757			205,610			3	%	386,367			366,572			5	%
Gross profit	$	32,987		$	40,494		$	40,648		$		31,816		$	43,374		$	53,779		33	%	$	97,153		$	73,481		32	%
Operating expenses:
Advertising	11,098			10,774			10,284			10,092				15,405			16,366			52	%	31,771			21,872			45	%
Sales and marketing	6,864			7,789			7,242			4,908				6,706			9,096			17	%	15,802			14,653			8	%
Personnel	7,512			7,547			7,441			7,180				8,235			7,783			3	%	16,018			15,059			6	%
General and administrative	2,819			2,642			3,058			3,256				3,469			4,156			57	%	7,625			5,461			40	%
Information technology	2,367			2,604			1,878			2,049				2,514			2,455			-6	%	4,969			4,971			0	%
Depreciation and amortization	3,912			2,787			2,510			2,324				2,220			2,565			-8	%	4,785			6,699			-29	%
Option payroll taxes	—			102			154			—				40			298			192	%	338			102			231	%
Stock based compensation	—			70			106			106				106			112			60	%	218			70			211	%
Restructuring charge/(reversal)	—			—			(137		)	(49			)	—			(12		)	0	%	(12		)	—			0	%
Warrant costs	6,638			—			—			—				—			—			0	%	—			6,638			-100	%
Total operating expenses	$	41,210		$	34,315		$	32,536		$		29,866		$	38,695		$	42,819		25	%	$	81,514		$	75,525		8	%
Operating income (loss)	$	(8,223	)	$	6,179		$	8,112		$		1,950		$	4,679		$	10,960		77	%	$	15,639		$	(2,044	)	865	%
Other income (expenses):
Interest income, net	492			405			229			441				544			463			14	%	1,007			897			12	%
Equity in income/(loss) of investees, net	—			1,105			1,389			(163			)	(126		)	(35		)	-103	%	(161		)	1,105			-115	%
Other	—			—			—			—				6			13			0	%	19			—			0	%
Total other income	$	492		$	1,510		$	1,618		$		278		$	424		$	441		-71	%	865			2,002			-57	%
Net income (loss)	$	(7,731	)	$	7,689		$	9,730		$		2,228		$	5,103		$	11,401		48	%	$	16,504		$	(42	)	39395	%
Preferred stock dividend	(297		)	—			(1,194		)	—				(772		)	—			0	%	(772		)	(297		)	-160	%
Net income (loss) applicable to common stockholders	$	(8,028	)	$	7,689		$	8,536		$		2,228		$	4,331		$	11,401		48	%	$	15,732		$	(339	)	4741	%
Net income (loss) applicable to common stockholders per basic common share	$	(0.21	)	$	0.20		$	0.22		$		0.06		$	0.12		$	0.30		47	%	$	0.42		$	(0.01	)	4708	%
Net income (loss) applicable to common stockholders per diluted common share	$	(0.21	)	$	0.20		$	0.21		$		0.06		$	0.11		$	0.29		46	%	$	0.41		$	(0.01	)	4594	%
(1)  Weighted average common shares:
Basic	37,477			37,635			38,044			38,019				37,588			38,076			1	%	37,822			37,556			1	%
Diluted	37,477			39,284			39,812			40,107				38,905			39,932			2	%	38,778			37,556			3	%
Common shares outstanding, end of period	37,495			37,925			38,291			37,607				37,696			38,748			2	%	38,748			37,925			2	%
Gross margin	16.5		%	16.9		%	16.7		%	17.7			%	19.4		%	20.7		%			20.1		%	16.7		%

(1)  Reflects one-for-six reverse stock split.

1

priceline.com Incorporated

Consolidated Balance Sheets

In thousands

(Unaudited)

	3/31/2003			6/30/2003			9/30/2003			12/31/2003			3/31/2004			6/30/2004
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	52,560		$	69,292		$	115,302		$	93,732		$	176,092		$	156,306
Restricted cash	17,025			16,869			20,750			22,485			22,384			23,502
Short-term investments	70,194			62,992			148,027			151,736			79,576			206,360
Accounts receivable, net of allowance for doubtful accounts	16,106			23,565			18,809			10,782			19,052			23,733
Prepaid expenses and other current assets	6,243			8,158			6,737			4,778			3,435			6,156
Total current assets	162,128			180,876			309,625			283,513			300,539			416,057
PROPERTY AND EQUIPMENT, net	17,690			16,106			16,603			16,524			15,692			15,474
INTANGIBLE ASSETS, net	1,086			3,808			3,687			7,053			6,814			13,570
GOODWILL	10,517			10,517			9,534			8,779			8,779			32,837
OTHER ASSETS	16,837			17,699			22,829			21,915			21,385			16,674
TOTAL ASSETS	$	208,258		$	229,006		$	362,278		$	337,784		$	353,209		$	494,612
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	36,020		$	46,863		$	38,467		$	25,061		$	38,023		$	49,380
Accrued expenses	24,983			23,296			22,972			21,031			18,118			22,680
Deferred merchant bookings	—			—			—			—			—			8,867
Other current liabilities	2,833			2,134			3,100			3,522			3,127			3,340
Total current liabilities	63,836			72,293			64,539			49,614			59,268			84,267
Long-term accrued expenses	422			276			545			532			399
Other long-term liabilities	—			—			—			537			36			1,763
Minority interest	—			—			—			—			—			691
Long-term debt	—			—			125,000			124,524			124,996			223,348
Total liabilities	64,258			72,569			190,084			175,207			184,699			310,069
SERIES B MANDATORILY REDEEMABLE PREFERRED STOCK	13,470			13,470			13,470			13,470			13,470			13,470
STOCKHOLDERS’ EQUITY:
Common stock	1,886			303			306			306			307			315
Treasury stock	(338,410		)	(338,410		)	(338,410		)	(350,628		)	(350,628		)	(350,628		)
Additional paid-in capital	2,040,850			2,048,785			2,055,540			2,055,607			2,056,942			2,062,613
Deferred compensation	—			(1,619		)	(1,514		)	(1,408		)	(1,302		)	(1,516		)
Accumulated deficit	(1,573,897		)	(1,566,208		)	(1,557,672		)	(1,555,444		)	(1,551,113		)	(1,539,712		)
Accumulated other comprehensive income	101			116			474			674			834			1
Total stockholders’ equity	130,530			142,967			158,724			149,107			155,040			171,073
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	208,258		$	229,006		$	362,278		$	337,784		$	353,209		$	494,612

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priceline.com Incorporated

Statistical Data

In thousands

Gross Bookings	1Q03			2Q03			3Q03			4Q03			1Q04			2Q04
Merchant	$	226,739		$	267,039		$	266,640		$	197,543		$	244,816		$	295,718
Agency	20,778			30,023			33,875			58,647			115,363			174,657
Total	$	247,517		$	297,061		$	300,515		$	256,191		$	360,179		$	470,375
Year/Year Growth	-19.3		%	-16.3		%	9.2		%	12.2		%	45.5		%	58.3		%

Units Sold	1Q03		2Q03		3Q03		4Q03		1Q04		2Q04
Airline Tickets	483		513		438		399		620		819
Year/Year Growth	-44.2	%	-44.4	%	-32.0	%	-18.1	%	28.2	%	59.8	%
Hotel Room-Nights	1,234		1,505		1,642		1,319		1,669		1,983
Year/Year Growth	35.6	%	38.0	%	43.2	%	36.9	%	35.2	%	31.8	%
Rental Car Days	663		867		1,215		922		1,213		1,409
Year/Year Growth	-12.6	%	6.1	%	59.1	%	61.8	%	83.1	%	62.5	%

	1Q03			2Q03			3Q03			4Q03			1Q04			2Q04
Revenue	$	200,487		$	239,566		$	243,441		$	180,167		$	224,131		$	259,389
Year/Year Growth	-23.4		%	-21.3		%	1.4		%	-8.7		%	11.8		%	8.3		%
Gross Profit	$	32,987		$	40,494		$	40,648		$	31,816		$	43,374		$	53,779
Year/Year Growth	-21.4		%	-15.9		%	7.7		%	4.4		%	31.5		%	32.8		%

Gross Bookings represent the total dollar value of travel booked, inclusive of taxes and fees.

The gross bookings and units sold information included above is for U.S. operations only.

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