September 26, 2016 7:09 PM ET

Internet and Direct Marketing Retail

Company Overview of Groupon, Inc.

Company Overview

Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America, Europe, the Middle East, Africa, and internationally. It also provides deals on products for which it acts as the merchant of record. The company offers deals in various categories, including food and drink, events and activities, beauty and spa, health and fitness, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals. It offers its deal offerings to custom...

600 West Chicago Avenue

Suite 400

Chicago, IL 60654

United States

Founded in 2008

9,872 Employees

Phone:

312-334-1579

Key Executives for Groupon, Inc.

Chief Executive Officer and Director
Age: 41
Total Annual Compensation: $1.6M
Co-Founder and Chairman
Age: 46
Total Annual Compensation: $1.0
Senior Vice President, General Counsel and Corporate Secretary
Age: 48
Total Annual Compensation: $771.4K
Chief Accounting Officer
Age: 41
Total Annual Compensation: $607.6K
Compensation as of Fiscal Year 2015.

Groupon, Inc. Key Developments

Groupon Announces On-Demand Food Delivery Service Expanded to Denver

Groupon announced that its on-demand food delivery service, Groupon To GoTM, has expanded to Denver. Starting on August 16, 2016, Mile High City residents and businesses in downtown, LoDo, Cap Hill, LoHi, Uptown, Five Points and Cherry Creek can use the popular Groupon mobile app to have food delivered directly to their doorstep from some of the area's best local restaurants.

Groupon, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Provides Earnings Guidance for the Year 2016

Groupon, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company has posted total revenue was $756,030,000 against $738,395,000 a year ago. Loss from operations was $43,169,000 against $9,226,000 a year ago. Loss from continuing operations before benefit was $53,930,000 against $6,285,000 a year ago. Loss from continuing operations was $51,731,000 against $15,267,000 a year ago. Net loss attributable to Groupon, Inc. was $54,904,000 or $0.10 diluted per share against net profit of $109,084,000 or $0.16 diluted per share a year ago. Adjusted EBITDA was $33,961,000 against $61,118,000 a year ago. Non-GAAP net loss attributable to company was $6,754,000 or $0.10 diluted per share. Net cash used in operating activities was $54,010,000 against $20,307,000 a year ago. For the six months, the company has posted total revenue was $1,488,001,000 against $1,488,751,000 a year ago. Loss from operations was $90,502,000 against $3,931,000 a year ago. Loss from continuing operations before benefit was $97,777,000 against $20,917,000 a year ago. Loss from continuing operations was $97,327,000 against $32,006,000 a year ago. Net loss attributable to Groupon, Inc. was $104,023,000 or $0.18 diluted per share against net profit of $94,811,000 or $0.14 diluted per share a year ago. Non-GAAP net loss attributable to company was $11,385,000 or $0.18 diluted per share. Net cash used in operating activities was $130,735,000 against net cash generated from operating activities of $39,559,000 a year ago. The company's outlook for 2016 reflects current foreign exchange rates, as well as expected marketing investments, stabilizing trends in Shopping, and cost benefits associated with streamlining initiatives. The company is updating revenue guidance to between $3.00 and $3.10 billion for the full year, and are increasing expected 2016 adjusted EBITDA range to between $140.0 million and $165.0 million.

Groupon, Inc., Q2 2016 Earnings Call, Jul 27, 2016

Groupon, Inc., Q2 2016 Earnings Call, Jul 27, 2016

Similar Private Companies By Industry

Company Name Region
1-800 CONTACTS, Inc. United States
12Degrees Corp. United States
1A Auto, Inc. United States
1SaleADay L.L.C. United States
1stdibs.Com, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 6, 2016
Groupon Indonesia 2016, Inc.
Merger/Acquisition
May 9, 2016
Pospitality LLC
Merger/Acquisition
May 5, 2016
Darberry-Groupon Russia
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Groupon, Inc., please visit www.groupon.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.