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

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).

• 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).

"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."

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