Groupon Posts Record Billings In Q4, Full Year Earnings Report
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.”
