A few minutes ago Groupon put out its first earnings release (Q4 and FY 2011) as a public company. Here are the distilled highlights:
In Q4 2011:
- Revenue was $506.5 million vs. $172.2 million in Q4 2010
- Gross billings (total amount of deals sold) was $1.25 billion in Q4 vs. $415.3 million a year earlier
- Income was $15.0 million in Q4 vs. a $336.1 million loss the year before.
- The company announced a Q4 net loss of $42.7 million
- Gross billings of $4 billion (up 437% YoY) vs. $745.3 million in in 2010
- Revenue was $1.6 billion for the full year vs. $312.9 million in 2010
- The full-year loss was $203.4 million vs. $420.3 million in 2010.
- Groupon’s worldwide active customer base grew to over 33 million
- Gross billings per active customer: $188 in fourth quarter 2011 vs. $160 in fourth quarter 2010.
- More than 26 million people have downloaded the Groupon mobile app on their smartphones.
- Groupon Now has expanded to 31 markets (and been used by 20K merchants)
Last year in its IPO filing Groupon said that about 54% of revenues came from outside the US market. If that figure held steady over the course of the year, Groupon would have seen roughly $2.16 billion in gross billings and approximately $816 million in revenue the US last year.
Groupon beat consensus Wall Street revenue estimates despite posting a loss.
Update: Groupon disappointed on earnings and investors have punished the stock. However the company’s metrics are moving in the right direction as a general matter.