Groupon, Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year 2015
May 5 15
Groupon, Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $750,356,000 compared with $728,415,000 a year ago. Income from operations was $5,295,000 against loss from operations of $6,364,000 a year ago. Loss from continuing operations was $16,739,000 or $0.03 per basic and diluted share against $21,774,000 or $0.04 per basic and diluted share a year ago. Net loss attributable to the company was $14,273,000 or $0.02 per basic and diluted share against $37,795,000 or $0.06 per basic and diluted share a year ago. Adjusted EBITDA was $72,370,000 compared with $45,765,000 a year ago. Non-GAAP net income attributable to the company was $21,331,000 or $0.03 per basic and diluted share. Net cash provided by operating activities was $20,717,000 against net cash used in operating activities of $20,717,000 a year ago. Purchases of property and equipment and capitalized software were $18,294,000 against $16,093,000 a year ago. Free cash flow was $22,417,000 against negative free cash flow of $30,667,000 a year ago.
For the second quarter 2015, the company expects revenue of between $700 million and $750 million. Adjusted EBITDA to be between $55 million and $75 million, and non-GAAP earnings per share from continuing operations of between $0.01 and $0.03.
For the full year 2015, the company expects revenue of between $3.15 billion and $3.3 billion. Adjusted EBITDA to be greater than $315 million.
Groupon Considers Multiple Alternatives
May 5 15
Groupon, Inc. (NasdaqGS:GRPN) said it will be exploring financing and other alternatives for some Asian units.
Groupon Provides Earnings Guidance for the First Quarter and Full Year of 2015
Apr 20 15
Groupon provided earnings guidance for the first quarter and full year of 2015. Reflecting the TMON sale, as well as changes in foreign exchange rates, the company now expects first quarter 2015 revenue between $720 and $770 million, adjusted EBITDA between $58 and $78 million and non-GAAP earnings per share (from continuing operations) between $0.01 and $0.03.
For the full year, the company continues to expect adjusted EBITDA of greater than $315 million. This recast guidance is based on preliminary estimates and is subject to change.
Groupon, Inc. to Report Q1, 2015 Results on May 05, 2015
Apr 20 15
Groupon, Inc. announced that they will report Q1, 2015 results at 9:01 PM, GMT Standard Time on May 05, 2015
Groupon, Inc. Announces Debut of Grouber, New Car Service with Feline Drivers
Apr 20 15
Groupon, Inc. announced the debut of Grouber, a new car service with feline drivers. Grouber uses cars with GPS-guided red lasers that signal the correct route to the four-legged captain behind the wheel. In addition, Grouber riders save more than just a whisker of cash through fares that only decrease when demand surges. Here's how the new service works: a customer requests a car through the Grouber mobile app to take them to use their Groupon deal. During the ride, Grouber cats stay relentlessly focused on the red laser emitting from the front of the vehicle that keeps the car on track to its intended destination. The trip and driver gratuity are automatically paid for upon completion of the trip via the Grouber mobile app. Catnip tips are accepted only in Colorado and Washington at this time.