Exhibit 99.2

Priceline.com Reports 3^rd Quarter 2003 Financial Results

Hotel service sells record 1.6 million room nights, grows 41% year over year

Rental car service sells record 1.1 million rental car days, grows 43% year over year

NORWALK, Conn., November 4, 2003 . . . Priceline.com® (Nasdaq: PCLN) today reported 3^rd quarter 2003 net income of $9.7 million, or $0.24 per share, on revenues of $243.4 million. Net income applicable to common stockholders was $0.21 per share inclusive of a non-cash preferred stock dividend of $1.2 million. Priceline.com’s net income of $0.24 per share exceeded First Call analyst consensus of $0.21 per share and came in ahead of priceline.com’s previously announced target range of $0.20 to $0.22 per share. Gross travel bookings, which refers to the total dollar value, inclusive of taxes and fees, of all travel products purchased by consumers, were $300.5 million for the 3^rd quarter, up 9% compared to 3^rd quarter 2002.

By comparison, in the 3^rd quarter 2002, priceline.com had a net loss applicable to common stockholders of $24.3 million, or $0.64 per share, adjusted for priceline.com’s recent reverse stock split, on revenues of $240 million. The 3^rd quarter 2002 net loss included $24.2 million in non-cash impairment charges. Gross travel bookings for the 3^rd quarter 2002 were $275.3 million.

“Priceline.com achieved several product sales records in the 3^rd quarter 2003 and recorded year-over-year increases in gross travel bookings, revenues, gross profit and earnings per share,” said Jeffery H. Boyd, priceline.com’s President and Chief Executive Officer. “The company achieved solid bottom line results in the 3rd quarter as continued strong hotel and rental car results and expense control offset softening air results.”

Priceline.com reported that, during the 3^rd quarter 2003 it sold a record 1.6 million hotel room nights, representing a 41 percent increase over the same period a year ago and a record 1.1 million rental car days, representing a 43 percent year-over-year increase.

Priceline.com’s gross profit for the 3^rd quarter 2003 was $40.6 million, compared to $37.7 million a year ago. Gross margin for the quarter was 16.7 percent, compared to 15.7 percent a year ago. Priceline.com finished the 3^rd quarter 2003 with a base of 18.7 million customers, which represents a growth of 22 percent over the last year. The 3^rd quarter 2003 also benefited from $1.6 million of other income, which was primarily composed of contribution from pricelinemortgage.

Priceline.com also reported that, in the 3^rd quarter 2003, it successfully redesigned and began testing a new airline tickets service that gives customers a choice between naming their own price for a ticket and picking from a wide selection of flight times, airlines and low fares. Regardless of the option the customer chooses, search results are delivered in real-time, making ticket purchases fast and easy.

Other product developments included:

• During the 3^rd quarter, priceline.com expanded its U.S. hotel business to offer hotel rooms in Australia, Japan, South Korea, Indonesia, Malaysia and Taiwan.

• During the 3^rd quarter, priceline.com began offering hotel rooms supplied by TravelWeb LLC through priceline.com’s Lowestfare.com retail travel service. Travelweb is the hotel service jointly owned by Marriott, Hyatt, Hilton, Starwood, Intercontinental, priceline.com and Pegasus Systems.

• Priceline.com introduced an enhanced rental cars product with faster response times, improved user guidance, a new retail option and a best-price guarantee. Under the guarantee, priceline.com will credit the difference if a customer finds a better published price for their rental car purchase.

Looking forward, Mr. Boyd said, “Third quarter results were negatively affected by weakening demand for airline tickets in September, which has continued in the 4^th quarter. With the deployment of our new airline ticket service, which was designed to address low bind rates and expand our addressable market, we expect 4th quarter results to be affected by a shift in the mix of our business, with more retail and fewer opaque tickets being sold. We also intend to add an additional $3 million to our advertising budget across the 4^th quarter and 1^st quarter next year to

support the relaunch of our airline ticket product. October revenues were approximately $68 million, down six percent from year ago levels, and we expect monthly sequential decreases in revenues in November and December, consistent with normal seasonality and the ongoing shift in the mix of our business towards retail airline tickets in which revenue is reported on a net basis. We are also projecting the following operational and financial metrics for the fourth quarter:

• Gross Bookings up by more than 10% year-over-year.

• Gross Margins between 17% - 17.5%.

• Opaque hotel room nights sold up 25% - 30% year-over-year.

• Rental car days sold up 35% - 45% year-over-year.

• GAAP earnings per share of $0.02 – $0.08 cents. (compared to a $0.20 loss in 4^th quarter of 2002)

Mr. Boyd continued, “We believe the recent weakness in air demand is addressable. After a nearly full year hiatus, we are beginning to advertise our airline product again and will continue that effort in the 1^st quarter 2004. Customer response to our new airline tickets service and its increased choice has been encouraging. For example, while the sale of opaque airline tickets decreased approximately 15% on the new service versus pre-launch levels, retail tickets sold in the latter part of October increased approximately 125 percent versus pre-launch levels. With continued growth in hotels and rental cars and the repositioning of our airline ticket service, we believe that priceline.com is positioned to sustain growth in gross bookings, gross profit and earnings per share into 2004.”

About priceline.com

Priceline.com offers products for sale in two categories: a travel service that offers leisure airline tickets, hotel rooms, rental cars, vacation packages and cruises; and 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 Lowestfare.com and Rentalcars.com. Priceline.com is part-owner of Travelweb LLC. Priceline.com licenses its business model to independent licensees, including pricelinemortgage and certain international licensees.

###

For 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,” “does not currently expect,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “targets,” “projecting,” or “continue,” reflecting something other than historical fact are intended to identify forward-looking statements. The following factors, among others, could cause the Company’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 the Company’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; the Company’s ability to protect its intellectual property rights; losses by the Company 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 the Company’s actual results to differ materially from those described in the forward-looking statements, please refer to the Company’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.

priceline.com Incorporated
CONSOLIDATED BALANCE SHEETS
(In thousands, unaudited)

	September 30, 2003			December 31, 2002
ASSETS

Current assets:
Cash and cash equivalents	$	115,302		$	67,182
Restricted cash	20,750			18,248
Short-term investments	148,027			64,154
Accounts receivable, net of allowance for doubtful accounts of $1,111 and $1,262 at September 30, 2003 and December 31, 2002, respectively	18,809			13,636
Prepaid expenses and other current assets	6,737			6,348

Total current assets	309,625			169,568

Property and equipment, net	16,603			21,413
Intangible assets, net	3,687			1,174
Goodwill	9,534			10,517
Other assets	22,829			8,490

Total assets	$	362,278		$	211,162

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:
Accounts payable	$	38,467		$	35,375
Accrued expenses	22,972			27,889
Other current liabilities	3,100			2,063
Total current liabilities	64,539			65,327

Long-term accrued expenses	545			715
Long-term debt	125,000			—
Total liabilities	190,084			66,042

SERIES B MANDATORILY REDEEMABLE PREFERRED STOCK	13,470			13,470

Stockholders’ equity
Common stock	306			1,884
Treasury stock	(338,410		)	(338,410		)
Additional paid-in capital	2,055,540			2,033,944
Deferred compensation	(1,514		)	—
Accumulated deficit	(1,557,672		)	(1,565,869		)
Accumulated other comprehensive income	474			101
Total stockholders’ equity	158,724			131,650

Total liabilities and stockholders’ equity	$	362,278		$	211,162

priceline.com Incorporated
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data, unaudited)

	Three Months Ended						Nine Months Ended
	September 30, 2003			September 30, 2002			September 30, 2003			September 30, 2002

Merchant revenues	$	240,584		$	237,961		$	676,135		$	800,298
Agency revenues	1,895			160			4,376			589
Other revenues	962			1,843			2,983			5,418
Total revenues	243,441			239,964			683,494			806,305

Cost of merchant revenues	202,793			201,949			569,365			677,432
Cost of agency revenues	—			—			—			—
Cost of other revenues	—			274			—			991
Total costs of revenues	202,793			202,223			569,365			678,423

Gross profit	40,648			37,741			114,129			127,882

Operating expenses:
Advertising	10,284			11,649			32,156			34,653
Sales and marketing	7,242			7,667			21,895			27,389
Personnel	7,441			8,397			22,500			24,552
General and administrative, including option payroll taxes of $154 and $0 for the three months ended September 30, 2003 and 2002, respectively, and $256 and $120 for the nine months ended September 30, 2003 and 2002, respectively	3,212			3,247			8,775			10,111
Information technology	1,878			2,581			6,849			8,866
Depreciation and amortization	2,510			4,850			9,209			13,798
Stock based compensation	106			250			176			750
Special charge (reversal)	—			—			—			(200		)
Restructuring charge (reversal)	(137		)	(92		)	(137		)	(916		)
Severance charge (reversal)	—			—			—			(55		)
Impairment charge	—			24,229			—			24,229
Warrant costs	—			—			6,638			—

Total operating expenses	32,536			62,778			108,061			143,177

Operating income (loss)	8,112			(25,037		)	6,068			(15,295		)

Other income:
Interest income	596			677			1,539			2,269
Interest expense	(367		)	(21		)	(413		)	(43		)
Equity in income of investees, net	1,389			394			2,494			1,131
Other	—			164			—			165
Total other income	1,618			1,214			3,620			3,522

Net income (loss)	9,730			(23,823		)	9,688			(11,773		)
Preferred stock dividend	(1,194		)	(490		)	(1,491		)	(2,344		)

Net income (loss) applicable to common stockholders	$	8,536		$	(24,313	)	$	8,197		$	(14,117	)

Net income (loss) applicable to common stockholders per basic common share	$	0.22		$	(0.64	)	$	0.22		$	(0.37	)

Weighted average number of basic common shares outstanding (1)	38,044			37,879			37,726			38,025

Net income (loss) applicable to common stockholders per diluted common share	$	0.21		$	(0.64	)	$	0.21		$	(0.37	)

Weighted average number of diluted common shares outstanding (1)	39,812			37,879			38,883			38,025

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

priceline.com Incorporated - 2003 THIRD QUARTER FINANCIAL DATA SUPPLEMENT

priceline.com Financials

Consolidated Statements of Operations

priceline.com Europe Ltd. Statement of Operations

Consolidated Balance Sheets

Gross Bookings

Offer and Customer Activity

Product Detail

Air

Hotels

Rental Cars

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	1Q02			2Q02			3Q02			4Q02			1Q03			2Q03			3Q03			3Q03 vs. 3Q02		9 months 2003			9 months 2002			9 mos. 2003 vs. 9 mos. 2002

Merchant revenues	$	259,667		$	302,670		$	237,961		$	195,814		$	198,608		$	236,943		$	240,584		1	%	$	676,135		$	800,298		-16	%
Agency revenues	218			211			160			131			1,005			1,476			1,895			1084	%	4,376			589			643	%
Other revenues	2,000			1,575			1,843			1,356			874			1,147			962			-48	%	2,983			5,418			-45	%
Total revenues	261,885			304,456			239,964			197,301			200,487			239,566			243,441			1	%	683,494			806,305			-15	%

Cost of merchant revenues	219,511			255,972			201,949			166,710			167,500			199,072			202,793			0	%	569,365			677,432			-16	%
Cost of agency revenues	—			—			—			—			—			—			—			—		—			—			—
Cost of other revenues	381			336			274			107			—			—			—			-100	%	—			991			-100	%
Total costs of revenues	219,892			256,308			202,223			166,817			167,500			199,072			202,793			0	%	569,365			678,423			-16	%

Gross profit	$	41,993		$	48,148		$	37,741		$	30,484		$	32,987		$	40,494		$	40,648		8	%	$	114,129		$	127,882		-11	%

Operating expenses:
Advertising	10,227			12,777			11,649			10,011			11,098			10,774			10,284			-12	%	32,156			34,653			-7	%
Sales and marketing	9,259			10,463			7,667			5,310			6,864			7,789			7,242			-6	%	21,895			27,389			-20	%
Personnel	7,721			8,434			8,397			7,493			7,512			7,547			7,441			-11	%	22,500			24,552			-8	%
General and administrative	3,208			3,536			3,247			3,187			2,819			2,642			3,058			-6	%	8,519			9,991			-15	%
Information technology	3,087			3,198			2,581			3,142			2,367			2,604			1,878			-27	%	6,849			8,866			-23	%
Depreciation and amortization	4,458			4,490			4,850			4,466			3,912			2,787			2,510			-48	%	9,209			13,798			-33	%
Option payroll taxes	104			16			—			—			—			102			154			—		256			120			113	%
Stock based compensation	250			250			250			250			—			70			106			-58	%	176			750			-77	%
Special charge/(reversal)	—			(200		)	—			—			—			—			—			—		—			(200		)	-100	%
Restructuring charge/(reversal)	(824		)	—			(92		)	4,654			—			—			(137		)	49	%	(137		)	(916		)	-85	%
Severance charge/(reversal)	—			(55		)	—			—			—			—			—			—		—			(55		)	-100	%
Impairment charge	—			—			24,229			—			—			—			—			-100	%	—			24,229			—
Warrant costs	—			—			—			—			6,638			—			—			—		6,638			—			—

Total operating expenses	$	37,490		$	42,909		$	62,778		$	38,513		$	41,210		$	34,315		$	32,536		-48	%	$	108,061		$	143,177		-25	%

Operating income (loss)	$	4,503		$	5,239		$	(25,037	)	$	(8,029	)	$	(8,223	)	$	6,179		$	8,112		NM		$	6,068		$	(15,295	)	NM

Other income (expenses):
Interest income, net	782			788			656			617			492			405			229			-65	%	1,126			2,226			-49	%
Equity in income of investees, net	492			245			394			—			—			1,105			1,389			253	%	2,494			1,131			121	%
Other	(36		)	37			164			1			—			—			—			-100	%	—			165			-100	%

Total other income	$	1,238		$	1,070		$	1,214		$	618		$	492		$	1,510		$	1,618		33	%	$	3,620		$	3,522		3	%

Net income (loss)	$	5,741		$	6,309		$	(23,823	)	$	(7,411	)	$	(7,731	)	$	7,689		$	9,730		NM		$	9,688		$	(11,773	)	NM

Preferred stock dividend	(1,854		)	—			(490		)	—			(297		)	—			(1,194		)	144	%	(1,491		)	(2,344		)	-36	%

Net income (loss) applicable to common stockholders	$	3,887		$	6,309		$	(24,313	)	$	(7,411	)	$	(8,028	)	$	7,689		$	8,536		NM		$	8,197		$	(14,117	)	NM

Net income (loss) applicable to common stockholders per basic common share	$	0.10		$	0.16		$	(0.64	)	$	(0.20	)	$	(0.21	)	$	0.20		$	0.22		NM		$	0.22		$	(0.37	)	NM

Net income (loss) applicable to common stockholders per diluted common share	$	0.10		$	0.16		$	(0.64	)	$	(0.20	)	$	(0.21	)	$	0.20		$	0.21		NM		$	0.21		$	(0.37	)	NM

(1) Weighted average common shares:
Basic	37,917			38,280			37,879			37,452			37,477			37,635			38,044			0	%	37,726			38,025			-1	%
Diluted	39,995			39,917			37,879			37,452			37,477			39,284			39,812			5	%	38,883			38,025			2	%
Common shares outstanding, end of period	38,257			38,298			37,451			37,452			37,495			37,925			38,291			2	%	38,291			37,451			2	%

Gross margin	16.0		%	15.8		%	15.7		%	15.5		%	16.5		%	16.9		%	16.7		%			16.7		%	15.9		%

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

priceline.com Europe Ltd.

Statements of Operations (1)

In thousands, except per share data

(Unaudited)

Income Statement Analysis	1Q02			2Q02			3Q02			4Q02			1Q03			2Q03			3Q03			3Q03 vs. 3Q02		9 months 2003			9 months 2002			9 mos. 2003 vs. 9 mos. 2002

Merchant revenues	$	3,075		$	3,180		$	2,909		$	1,894		$	1,102		$	957		$	1,039		-64	%	$	3,098		$	9,164		-66	%
Agency revenues	1			—			—			—			39			35			42			—		116			1			11500	%
Other revenues	14			—			—			—			—			—			—			—		—			14			-100	%
Total revenues	3,090			3,180			2,909			1,894			1,141			992			1,081			-63	%	3,214			9,179			-65	%

Cost of merchant revenues	2,647			2,882			2,574			1,644			971			850			891			-65	%	2,712			8,103			-67	%
Cost of agency revenues	—			—			—			—			—			—			—			—		—			—			—
Cost of other revenues	—			—			—			—			—			—			—			—		—			—			—
Total costs of revenues	2,647			2,882			2,574			1,644			971			850			891			-65	%	2,712			8,103			-67	%

Gross profit	$	443		$	298		$	335		$	250		$	170		$	142		$	190		-43	%	$	502		$	1,076		-53	%

Operating expenses:
Advertising	36			301			245			272			63			22			32			-87	%	117			582			-80	%
Sales and marketing	329			325			331			292			66			49			62			-81	%	177			985			-82	%
Personnel	634			326			591			280			81			23			50			-92	%	154			1,551			-90	%
General and administrative	540			572			794			845			626			621			799			1	%	2,046			1,906			7	%
Information technology	629			527			511			472			130			10			6			-99	%	146			1,667			-91	%
Depreciation and amortization	184			174			175			177			27			—			—			-100	%	27			533			-95	%
Restructuring charge	—			—			—			1,790			—			—			(137		)	—		(137		)	—			—

Total operating expenses	$	2,352		$	2,225		$	2,647		$	4,128		$	993		$	725		$	812		-69	%	$	2,530		$	7,224		-65	%

Operating loss	$	(1,909	)	$	(1,927	)	$	(2,312	)	$	(3,878	)	$	(823	)	$	(583	)	$	(622	)	NM		$	(2,028	)	$	(6,148	)	NM

Other income:
Interest income	6			4			6			3			1			2			3			-50	%	6			16			-63	%
Other	—			—			1			—			—			—			—			-100	%	—			1			—

Total other income	$	6		$	4		$	7		$	3		$	1		$	2		$	3		NM		$	6		$	17		NM

Net loss	$	(1,903	)	$	(1,923	)	$	(2,305	)	$	(3,875	)	$	(822	)	$	(581	)	$	(619	)	NM		$	(2,022	)	$	(6,131	)	NM

Net loss per parent basic and diluted share	$	(0.05	)	$	(0.05	)	$	(0.06	)	$	(0.10	)	$	(0.02	)	$	(0.02	)	$	(0.02	)	NM		$	(0.05	)	$	(0.16	)	NM

(2) Weighted average common shares:
Basic	37,917			38,280			37,879			37,452			37,477			37,635			38,044			0	%	37,726			38,025			-1	%
Diluted	39,995			39,917			37,879			37,452			37,477			39,284			39,812			5	%	38,883			38,025			2	%

Gross margin	14.3		%	9.4		%	11.5		%	13.2		%	14.9		%	14.3		%	17.6		%			15.6		%	11.7		%

(1) Does not include certain intercompany consolidation adjustments.

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