GRPN is up almost 20% in AH trading.
The press release:
http://finance.yahoo.com/news/groupon-announces-second-quarter-2013-200100007.html
InPlay 4:12PM Groupon reports EPS in-line, revs in-line; guides Q3 EPS below consensus, revs in-line; authorized a $300 mln share repurchase program; appoints Eric Lefkofsky as CEO ( GRPN) 8.72 +0.02 : Reports Q2 (Jun) earnings of $0.02 per share, excluding non-recurring items and reflecting a $0.01 negative impact from foreign exchange , in-line with the Capital IQ Consensus Estimate consensus of $0.02; revenues rose 7.1% year/year to $608.7 mlnvs the $606.15 mln consensus.
Co issues guidance for Q3, sees EPS of ($0.01)-0.01, excluding non-recurring items, vs. $0.05 Capital IQ Consensus Estimate; sees Q3 revs of $585-635 mln vs. $622.46 mln Capital IQ Consensus Estimate. Groupon reaffirms its guidance that full year 2013 GAAP operating income will exceed $100 mln.
Gross billings, which reflect the total dollar value of customer purchases of goods and services, excluding any applicable taxes and net of estimated refunds, increased 10% globally to $1.41 bln in the second quarter 2013, compared with $1.29 bln in the second quarter 2012. North America growth of 30% and EMEA growth of 4% was offset by a 21% decline in Rest of World.
Adjusted EBITDA was $80.5 mln in the second quarter 2013, compared with $84.7 mln in the second quarter 2012. Global units: Consolidated units, defined as vouchers and products sold before cancellations and refunds, increased 15% year-over-year to 46 mln.
North America units increased 45%, EMEA units decreased 3%, and Rest of World units decreased 12%. Active deals: At the end of the second quarter 2013, the number of active deals in North America increased to more than 54,000 on average, compared with nearly 40,000 as reported at the end of the first quarter 2013.
Active customers: Active customers, or customers that have purchased a Groupon within the last twelve months, grew 12% year-over-year, to 42.6 mln as of June 30, 2013, comprising 19.1 mln in North America, 13.9 mln in EMEA, and 9.6 mln in Rest of World.
Mobile: In June 2013, nearly 50% of North American transactions were completed on mobile devices, compared with about 30% in June 2012.
New CEO: Groupon also announced today that its Board of Directors has appointed Eric Lefkofsky as CEO, and Ted Leonsis as Chairman of the Board.
Share Repurchase Authorization: Groupon also announced that its Board of Directors has authorized a share repurchase program. Under the program, Groupon is authorized to repurchase up to $300 mln of its outstanding Class A common stock over the next 24 months. |
