Groupon Ends The Year With $1.6 Billion In Revenues, Up 419 Percent
Groupon just announced its first earnings report after going public last October. For the full year, Google’s revenues were $1.6 billion, up 419 percent. The daily deal company, however, lost $350 million, most of that attributable to its very aggressive international expansion (7,000 out of its 10,000 employees are overseas). In North America, it turned an operating profit of $22 million, which was counteracted by $137 million in international operating losses. For the quarter, revenues were $506 million, up 194 percent. The net loss was $42.7 million, which at least was down from $379 million quarterly net loss the year before. We’ll be doing our liveblog of the earnings call here . Some other stats from the earnings: Active customer base: 33 million, up 275% from Q4 2010 and up 20% from Q3 2011 Active gross billing per active customer (trailing 12 months): $188, up from $160 in Q4 2010 Mobile downloads: 26 million Below is Groupon’s quarterly and full-year P&L: Groupon, Inc. Summary Consolidated and Segment Results Three Months Ended Twelve Months Ended December 31, Y/Y % December 31, Y/Y % 2010 2011 Growth 2010 2011 Growth (dollars in thousands, except per share data) (unaudited) (unaudited) (unaudited) Revenue (gross billings of $415,269, $1,247,873, $34,082, $745,348 and $4,002,506) North America $ 88,363 $ 188,476 113.3 % $ 200,412 $ 643,818 221.2 % International 83,861 317,999 279.2 % 112,529 980,923 771.7 % Consolidated revenue $ 172,224 $ 506,475 194.1 % $ 312,941 $ 1,624,741 419.2 % Operating (loss) income (336,129 ) 15,034 104.5 % (420,344 ) (203,380 ) 51.6 % Consolidated segment operating (loss) income North America $ (21,905 ) $ 35,786 263.4 % $ (10,437 ) $ 22,343 314.1 % International (121,456 ) 12,172 110.0 % (170,556 ) (136,670 ) 19.9 % CSOI (1) $ (143,361 ) $ 47,958 133.5 % $ (180,993 ) $ (114,327 ) 36.8 % Net loss attributable to common stockholders $ (378,610 ) $ (42,730 ) 88.7 % $ (456,320 ) $ (350,845 ) 23.1 % Pro-forma net loss attributable to common stockholders (2) $ (185,842 ) $ (9,806 ) 94.7 % $ (216,969 ) $ (261,792 ) 20.7 % Net loss per share attributable to common stockholders $ (1.08 ) $ (0.08 ) $ (1.33 ) $ (0.97 ) Pro-forma loss per share (3) $ (0.53 ) $ (0.02 ) $ (0.63 ) $ (0.72 )
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Groupon Ends The Year With $1.6 Billion In Revenues, Up 419 Percent