Groupon posts quarterly earnings results for the first time

Summary:Investors get a better look at Groupon as it posts quarterly earnings results for the first time since going public.

Daily deal giant Groupon finished 2011 on a uneven note, with a higher-than-expected revenue but missing the mark on earnings.

Groupon reported a fourth quarter net loss of $42.7 million, or 8 cents a share (statement). The Non-GAAP loss was 2 cents a share on a revenue of $506.5 million, up 194 percent compared to $172.2 million in the fourth quarter 2010.

Wall Street expected Q4 results with a profit of 3 cents a share on revenue of $475 million.

For the year, Groupon posted a revenue of $1.6 billion, with a net loss of $350.8 million, or 97 cents per share. That's considerably better than the loss of $456.3 million, or negative $1.33 per share, that was reported in 2010.

Wall Street was looking for Groupon to report a loss of 29 cents a share on revenue of $1.59 billion.

CEO Andrew Mason commented in prepared remarks:

Groupon had a strong fourth quarter and we finished 2011 having helped 250,000 local merchants across 47 countries grow their businesses while saving Groupon customers billions of dollars. We will continue to invest in new services and tools that help our merchant partners be more successful and drive local commerce around the world.

On a brighter note, the number of active customers increased to over 33 million, a 275 percent increase year-over-year.

For the outlook, Groupon is predicting a revenue of $510 million to $550 million at the end of Q1 2012.

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Topics: Enterprise Software, Banking

About

Rachel King is a staff writer for CBS Interactive based in San Francisco, covering business and enterprise technology for ZDNet, CNET and SmartPlanet. She has previously worked for The Business Insider, FastCompany.com, CNN's San Francisco bureau and the U.S. Department of State. Rachel has also written for MainStreet.com, Irish Americ... Full Bio

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