RetailMeNot Earnings Show Digital Coupon Industry Boom

By  |  May 7, 2014
 | 

The company’s strong growth indicates that more people are checking the site for digital coupons before making an online purchase.

Digital coupon site RetailMeNot announced that it has earned $61.3 million for the quarter. The company is up by 51 percent and says that revenues from mobile have more than doubled from the year prior, according to E-Commerce Insider.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    This strong growth indicates that more people are checking the site for digital coupons before making an online purchase.

    However, E-Commerce Insider is also reporting that if the company is only relying on one channel for traffic, that may pose a risk to growth if Google decided to enter the digital coupon market.

     

    “What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.


    Recommended

    Embedded Payments Pull Real-Time Adoption Forward

    Gen Z Pressures Credit Unions to Deliver AI

    Autonomous Agents Challenge Retailers to Earn Trust

    66% Cross-Border Shift to Digital Payments Raises Pressure on Global Merchants

    See More In: , , , , , , ,