Groupon today announced the financial results for the quarter ended March 31, 2013. The company reported the revenue of $601.4 million for the quarter while GAAP operating income was of $21.2 million or $51.2 million excluding stock compensation. The GAAP loss per share was of $0.01, or earnings per share of $0.03 excluding stock compensation. “We are encouraged...
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With poor results, change in leadership does not end a massacre for Groupon’s ex-CEO Andrew Mason as it has been confirmed that Mason has left Groupon’s board and will receive severance “for termination without cause.” Mason will be paid half its year’s salary i.e. $378.36 million although in regulatory filings, Groupon says if he leaves the company, he will...
Groupon has announced its fourth quarter and fiscal year 2012 results ended December 31, 2012. The company reported the consolidated revenue of $638.3 million, up 30% year-over-year for the fourth quarter while the operation loss was $12.9 million, compared with an operation loss of $15 million in fourth quarter 2011. The fourth quarter consolidated gross billings of...
The famous deal site Groupon announced that it has acquired Savored, a provider of reservations at the best restaurants across the United States although the terms of the deal were not disclosed. “Savored’s platform nicely complements Groupon’s efforts in yield management, an area we’ve pioneered with Groupon Now!” “Savored’s platform nicely complements...
