Join Transform 2021 this July 12-16. Register for the AI event of the year.


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.

VentureBeat

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member