Exhibit 99.1

priceline.com Incorporated

CONSOLIDATED BALANCE SHEETS

(In thousands, unaudited)

	March 31, 2004			December 31, 2003
ASSETS
Current assets:
Cash and cash equivalents	$	176,092		$	93,732
Restricted cash	22,384			22,485
Short-term investments	79,576			151,736
Accounts receivable, net of allowance for doubtful accounts of $627 and $794 at March 31, 2004 and December 31, 2003, respectively	19,052			10,782
Prepaid expenses and other current assets	3,435			4,778
Total current assets	300,539			283,513
Property and equipment, net	15,692			16,524
Intangible assets, net	6,814			7,053
Goodwill	8,779			8,779
Other assets	21,385			21,915
Total assets	$	353,209		$	337,784
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	38,023		$	25,061
Accrued expenses	18,118			21,031
Other current liabilities	3,127			3,522
Total current liabilities	59,268			49,614
Long-term accrued expenses	399			532
Other long-term liabilities	36			537
Long-term debt	124,996			124,524
Total liabilities	184,699			175,207
SERIES B MANDATORILY REDEEMABLE PREFERRED STOCK	13,470			13,470
Stockholders’ equity
Common stock	307			306
Treasury stock	(350,628		)	(350,628		)
Additional paid-in capital	2,056,942			2,055,607
Deferred compensation	(1,302		)	(1,408		)
Accumulated deficit	(1,551,113		)	(1,555,444		)
Accumulated other comprehensive income	834			674
Total stockholders’ equity	155,040			149,107
Total liabilities and stockholders’ equity	$	353,209		$	337,784

priceline.com Incorporated

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data, unaudited)

	Three Months Ended
	March 31, 2004			March 31, 2003
Merchant revenues	$	217,011		$	198,608
Agency revenues	6,448			1,005
Other revenues	672			874
Total revenues	224,131			200,487
Cost of merchant revenues	180,757			167,500
Cost of agency revenues	—			—
Cost of other revenues	—			—
Total costs of revenues	180,757			167,500
Gross profit	$	43,374		$	32,987
Operating expenses:
Advertising	15,405			11,098
Sales and marketing	6,706			6,864
Personnel	8,235			7,512
General and administrative, including option payroll taxes	3,509			2,819
Information technology	2,514			2,367
Depreciation and amortization	2,220			3,912
Stock based compensation	106			—
Warrant costs	—			6,638
Total operating expenses	$	38,695		$	41,210
Operating income (loss)	$	4,679		$	(8,223	)
Other income:
Interest income	1,110			515
Interest expense	(566		)	(23		)
Equity in loss of investees, net	(126		)	—
Other	6			—
Total other income	$	424		$	492
Net income (loss)	5,103			(7,731		)
Preferred stock dividend	(772		)	(297		)
Net income (loss) applicable to common stockholders	$	4,331		$	(8,028	)
Net income (loss) applicable to common stockholders per basic common share	$	0.12		$	(0.21	)
Weighted average number of basic common shares outstanding	37,588			37,477
Net income (loss) applicable to common stockholders per diluted common share	$	0.11		$	(0.21	)
Weighted average number of diluted common shares outstanding	38,905			37,477