GRPN beats the consensus fourth quarter estimates.
The press release: finance.yahoo.com
Groupon Q4 Beats Street On Sales Of $925.4M, EPS Of $0.06
by Ingrid Lunden ( @ingridlunden)
TechCrunch
February 12, 2015
Groupon, the daily deals platform that has been making an effort to widen its business into local commerce and more mobile services, appears to be turning is ship around. Today, the company posted Q4 revenues of $925.4 million on non-GAAP EPS of $0.06 — results that handily beat analyst estimates.
Analysts were expecting revenues of $908.38 million non-GAAP earnings of $0.03 per share, while Groupon’s Q4 guidance was between $875 million and $925 million for revenues on non-GAAP EPS of between $0.02 and $0.04.
“2014 was a transformational year for Groupon, as we made significant progress in our strategy to become the world’s leading local commerce destination,” said Eric Lefkofsky, CEO of Groupon, in a statemennt. “Global billings hit their highest level ever in the quarter, growing more than 30%, driven in part by our reignited North America Local business. We now turn our attention to further building out our marketplace to ensure that our more than 260 million subscribers have an amazing experience every time they use Groupon.”
Last quarter, Groupon also beat revenue and earnings estimates on sales of $757.1 million and EPS of $0.03.
Groupon has been slowly building up its business in mobile and local commerce to diversify away from daily deals. That’s led the company to a range of acquisitions and product launches that move it deeper into payments and verticals like travel.
Many of Groupon’s newest developments have been launched in the U.S., its core market. Internationally, the company is supposedly looking at selling a majority stake in is Ticket Monster business in South Korea. Groupon acquired the stake in 2013 for $260 million.
Right now Ticket Monster is a major engine for growing the company’s growth internationally.
It’s in contrast with competitor LivingSocial, which today sold its last non-English-language holding, Let’s Bonus based out Spain, which operated a daily deals service in Spain, Portugal, Italy and Chile.
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