Groupon Posts Record Billings In Q4, Full Year Earnings Report

What's Next In Payments®
4:33 PM EDT February 27th, 2013

Groupon reported quarterly revenue of $638.8 million with an operating loss of $12.9 million and a loss per per share of 12 cents, falling short of analyst expectations on the EPS front — they had predicted $638.41 million in revenue and EPS of $0.03, TechCrunch reported. Gross billings, which grew 24 percent year-over-year to $1.52 billion, were emphasized in the report, with CEO Andrew Mason saying: “Record billings growth this quarter is a clear signal that customers love Groupons. We will continue to invest in growth through 2013 as we see new opportunities to give our customers what they want.”

Read the full story.

Topics:
Comments
Also by This Author
What's Hot
B2B Payments
Citi Launches Tablet App For Corporate Clients
Europe
Non-Cash Transactions On The Rise Globally
News
Criminals Currently Winning The War On Cybercrime
B2B Payments
Strip Ecosystem Getting A $10 Million Venture Capital Boost
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
News
First Impressions: A Separate PayPal and eBay
Cool
PayPal Sans eBay – Now What?
B2B Payments
Citi Launches Tablet App For Corporate Clients
Europe
Non-Cash Transactions On The Rise Globally
View All Articles ››