Thursday, April 19, 2018
News: Page (1) of 1 - 02/08/12 Email this story to a friend. email article Print this page (Article printing at page facebook
Groupon reports 4Q loss, higher revenue
Groupon posts 4th-quarter net loss, sharply higher revenue in first report since IPO
By The Associated Press

CHICAGO (AP) ' Online deals site Groupon, reporting for the first time as a public company, says its fourth-quarter revenue rose sharply, but it lost money.

Groupon Inc. said Wednesday that its net loss attributable to common shareholders was $42.7 million, or 8 cents per share, for the period. A year earlier, it booked a larger loss of $378.6 million, or $1.08 per share.

Groupon says its adjusted loss was 2 cents per share, while analysts expected an adjusted profit of 3 cents per share.

Revenue was $506.5 million, nearly triple last year's $172.2 million for the quarter.

FactSet says analysts expected $473.1 million.

Groupon went public in November. It makes money from taking a cut from the online deals it offers, ranging from restaurant meals to weekend getaways.

Page: 1


Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines