Summary
This 8-K filing from priceline.com Incorporated (now Booking Holdings Inc.) on February 24, 2003, discloses a key performance indicator ahead of a presentation at the Goldman Sachs Technology Investment Symposium. The company announced that its hotel revenue for the first quarter of 2003, to date, had shown significant growth, increasing by approximately 35% compared to the same period in 2002. This disclosure provides investors with an early look at the company's operational performance in the critical online travel sector during a period of growth. The highlight on hotel revenue suggests this segment is a primary driver of the company's business. Investors should note that the presented pro forma financial information excludes certain charges and expenses, and that EBITDA is defined as earnings before interest, taxes, depreciation, and amortization, as detailed in the referenced presentation materials.
Key Highlights
- 1Priceline.com announced a 35% increase in year-to-date hotel revenue for Q1 2003 compared to Q1 2002.
- 2The disclosure was made in connection with a presentation at the Goldman Sachs Technology Investment Symposium.
- 3This filing is an example of Regulation FD disclosure, ensuring all investors receive material information simultaneously.
- 4The company provided a definition for EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization).
- 5Pro forma financial information presented excludes restructuring charges, stock-based compensation, impairment of investments, and preferred stock dividends.
- 6The information is intended to be read in conjunction with priceline.com's latest 10-K and 10-Q filings.