Priceline.com Earnings Call Insights: Mobile App Usage Trends and International Gross Bookings Guidance

Priceline.com, Inc. (NASDAQ:PCLN) recently reported its fourth quarter earnings and discussed the following topics in its earnings conference call.

Mobile App Usage Trends

Brian Fitzgerald – Jefferies: Wanted a quick update on mobile, what kind of usage trends you are seeing there for your mobile apps and maybe what percentage of the mobile traffic is transactional versus just kind of browsing your competitors on shopping?

Jeffery H. Boyd – President and CEO: We’re seeing very significant adoption in growth in most of the major mobile platforms, the iOS operating system, apps for the iPhone, Android, so very substantial business on mobile website brands around the world and very, very substantial business done on our www.websites on tablets. You heard some of our competition announced make shares. We don’t give those numbers out, but we feel like we are doing very well in terms of the share of the business on mobile platforms and it continues to grow very rapidly and we continue to invest aggressively in apps and in mobile functionality and those investments will continue this year. We believe that there is a significant shopping behavior on mobile devices some of which translates into reservation behavior later on potentially on desktops and I think that that something that everybody is looking into to try to understand that better, but I don’t have any data for you in terms of shopping versus buying.