Business

Groupon disappoints on weak Q2 revenue of $751.6M, and investors quickly send it packing

Groupon
Image Credit: swanksalot/Flickr

Updated 4:33 p.m. with non-GAAP earnings per share instead of GAAP.

Groupon today reported disappointing second quarter results for the 2014 fiscal year, with revenue of $751.6 million and earnings per share of $0.01.

Analysts expected Groupon to post earnings per share of $0.01 and revenue of 761.80 million this quarter, up year over year from a loss per share of $0.01 and revenue of $608.7 million.

Before the closing bell, Groupon stock was slightly up by less than 1 percent. In after-hours trading, the company is down a whopping 17 percent.

Mobile growth appears to be Groupon’s one redeeming quality; the company claims to mobile transactions reached an “all-time high in June 2014. Nearly 92 million people have now downloaded Groupon mobile apps worldwide,” the company reports.

Groupon made two acquisitions this calendar year: The firm reportedly dropped $43 million on flash-sale fashion site Ideeli in January, and in June it acquired mobile coupon rebate app SnapSaves for an undisclosed sum.

More information:

Groupon (a portmanteau derived from "group coupon") is a deal-of-the-day website that features discounted gift certificates usable at local or national companies. Groupon was launched on November 2008, the first market for Groupon was ... read more »

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