First Free Story (1 of 3)Join Skift Pro
For the fourth quarter, Priceline saw its net income rise 27.8% to $289 million on revenue of of nearly $1.2 billion, a 20.1% jump.
Priceline’s gross bookings for the quarter rose 32.9% to $6.6 billion. In contrast, Expedia’s gross bookings in the fourth quarter increased just 4%.
An adverse hotel tax issue in Hawaii impacted Priceline’s financials as the online travel agency took a $16.1 million charge.
Priceline indicated that its outlook for 2013 is particularly volatile because of concerns over the sovereign debt issue and the status of the euro.