Groupon Reports Q3 2012 Earnings Significantly Below Expectations: $568.6M In Revenue, Operating Income Of $25.4M, $0.00 EPSLeave a comment
November 9, 2012 by yamakashi
Groupon just released its Q3 2012 earnings report, marking the company’s first full-year cycle of earnings reports since its IPO in November 2011. The company reported $568.6 million in revenue and a net operating income of $25.4 million.
Net loss attributable to common stockholders of $3.0 million, or $0.00 per share, which included stock-based compensation and acquisition-related expenses of $25.1 million and a diluted share count of 653.2 million, versus a net loss of $54.2 million and a loss per share of $0.18 in third quarter 2011
Ahead of the announcement, most analysts expected the company to post a profit of about $0.04 per share and revenue of around $590 million. Last quarter, Groupon reported revenue of $568.3 million and a net income of $28.4 million.
Groupon sees “continued challenges in Europe”
“Our solid performance in North America was offset by continued challenges in Europe,” said Andrew Mason…
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