Groupon has announced its financial results for the quarter ended September 30, 2012. The company reported the increased revenue of 32% year-over-year to $568.6 million in the third quarter 2012, compared with $430.2 million in the third quarter 2011. The operating income was $25.4 million in the third quarter 2012, which included stock-based compensation and acquisition-related expenses of $25.1 million.
“Our solid performance in North America was offset by continued challenges in Europe,” said Andrew Mason, CEO of Groupon. “Groupon Goods has evolved into a second major category that our customers clearly love. With deals on everything from designer sunglasses to big-screen televisions to most-wanted toys, we think it will be a great gifting destination this holiday season.”
For the fourth quarter 2012, revenues is expected to be between $625 million and $675 million, an increase of between 27% and 37% compared with the fourth quarter 2011 while the income from operations for the quarter is expected to be between $0 million and $20 million, compared with a loss from operations of $15 million in the fourth quarter 2011.