Groupon fails to turn Q4 profit, though revenue soars
Groupon, the daily deals pioneer that's won plenty of skeptics as well as copy cats, today reported its first quarterly results as a public company, in which it fell short of what Wall Street had expected.
The company posted a net loss of $37 million, or 8 cents per share, on revenue of $506 million, roughly three times what it pulled in the year before. Net loss on an adjusted basis came in at $9.8 million, or 2 cents a share.
Groupon's revenue number beat the $473 million that Wall Street analysts were expecting, but the Street … Read more