Groupon's fourth-quarter revenue reaches $925.4 million trillion

Summary: Groupon today released its quarterly and Full-year earnings for the 2014 fiscal year ending December 31, 2014. The report showed Groupon's fourth-quarter revenue reached $925.4 million, up 20% from $768.4 million a year earlier;

Groupon today released the company's quarterly and Full-year results for the 2014 fiscal year ended December 31, 2014. The report showed Groupon's fourth-quarter revenue reached $925.4 million, a 20% increase from $768.4 million trillion in the same period last year, and a net profit of $8.8 million for ordinary shareholders, which was better than the net loss of $81.25 million, which was attributed to ordinary shareholders in the same period a year earlier.

Compare with Analyst:

Earnings showed Groupon's fourth-quarter revenue was $925.4 million, above the average estimated $908.38 million trillion by industry analysts, with a diluted profit of $0.01 per share, less than the analyst's average forecast of 0.03 dollars. Groupon estimates that the diluted earnings per share that were not measured in the first quarter of this year would be between $0 trillion and $0.02 trillion, or less than an average of $0.03 trillion. At the same time, Groupon expects revenues to be between $790 million trillion and $840 million trillion in the first quarter of 2015, and weaker than the analyst's average forecast of $856.14 million trillion. At present, TheStreet Fitch analysts also rated Groupon stock as a "sell" level, affected by these factors, Groupon on the day after the stock price fell.

Executive review:

Eric Lefkofsky, CEO of Groupon, said: "2014 is the year of Eric Levkovsky, and we have made significant progress in our strategy to become the world's leading localization E-commerce site." In the fourth quarter of 2014, Gross billings recorded the highest level in the history of the world, growing below 30%, in part because we reactivated the North American localization business. Today, we have focused on further building our market to ensure that our more than 260 million subscribers get a delightful experience each time they use Groupon. ”

2014 Fourth quarterly results summary:

Groupon's fourth-quarter global gross receipts (gross billings, which reflects all the value of customers ' purchases of goods and services, not counting applicable taxes and estimated tax rebates) rose 30% to $2.1 billion a year earlier to $1.6 billion trillion. , Groupon's fourth-quarter gross receipts should grow 36% per cent year-on-year, if not counted on the adverse effects of the $82.2 million trillion in exchange rate changes. Groupon's fourth-quarter billing receipts in North America grew 20% from a year earlier, billing receipts from Europe, the Middle East and Africa (EMEA) grew by 8% per cent year-on-year, and billing receipts from other parts of the world grew 154% per cent year-on-year. (This growth was mainly due to the ticket monster of mergers in the first quarter of 2014).

Groupon's fourth-quarter revenue rose 20% Year-on-year, from $768.4 million trillion to $925.4 million trillion in the same period last year, and Groupon should grow 25% per cent year-on-year in the fourth quarter, excluding the adverse effects of the $32.5 million trillion in the exchange rate. Groupon's revenue from North America grew 24% in the fourth quarter from a year earlier, to $551 million from $444 million trillion, and revenues from Europe, the Middle East and Africa rose 18% year-on-year. From $251 million a year ago to $272 million trillion, revenue from other parts of the world grew 50% from a year earlier, to $102 million from 73.46 million dollars over the same period.

Groupon's fourth-quarter gross profit amounted to $393.5 million trillion, compared with $378.2 million a year earlier.

Groupon's fourth-quarter adjusted EBITDA (net profit before interest, tax, depreciation and amortization) was $87 million trillion, at $72 million a year earlier, but profit growth was partly offset by ticket monster-related investment growth and the adverse effects of exchange rate changes.

Groupon's net profit, which belonged to ordinary shareholders in the fourth quarter, was $8.8 million, a net loss of $81.25 million a year earlier, and $0.01 trillion for both basic and diluted profits, with a loss of $0.12 a year earlier.

Groupon's operating cash flow for the 12 months ended December 31, 2014 was $288.8 million, while Groupon's free cash flow, which was not measured in the US GAAP in the fourth quarter, was $26,600, and the 12-month free cash flow ended December 31, 2014 was $200.5 million.

As of December 31, 2014, Groupon held a total of $1.1 billion in cash and cash equivalents, up to September 30, 2014 of USD 855.2 million, up to December 31, 2013 of USD 1.24 billion.

2014 Annual Performance Summary:

The annual global gross billing revenue (gross billings, reflecting all the value of customers ' purchases of goods and services, not counting applicable taxes and estimated tax rebates) grew by 32%, to $7.6 billion trillion, to $5.8 billion a year; , Groupon's annual gross billing income should grow 32% per cent year-on-year. Groupon's annual billing income from North America grew 16% per cent year-on-year, billing receipts from Europe, the Middle East and Africa (EMEA) grew 4% from a year earlier, and billing receipts from other parts of the world grew 144% per cent year-on-year. (This growth was mainly due to the ticket monster of mergers in the first quarter of 2014).

Full-year revenue grew 24% from 2.6 billion dollars a year to 3.2 billion dollars, and Groupon's full-year revenue should grow 25% if it does not count against the adverse effects of the $26.1 million trillion in the exchange rate. Groupon's annual revenue from North America grew 20% from $1.5 billion a year to 1.8 billion dollars, with revenues from Europe, the Middle East and Africa rising 30% per cent year-on-year, from 1.743 billion dollars to 961 million dollars a year ago, and revenue from other parts of the world rising 38% per cent year-on-year. Increased from $309 million trillion to 406 million dollars last year.

Gross profit for the year was $1.55 billion trillion, 1.5 billion dollars a year ago.

After-adjusted EBITDA (net profit before interest, tax, depreciation and amortization) was USD 253.4 million, which was $286.7 million a year ago, but profit growth was partly offset by ticket monster-related investment growth and adverse effects of exchange rate changes.

The net loss attributable to ordinary shareholders throughout the year was $73.1 million, a net loss of $95.39 million a year ago, and a loss of $0.11 for basic and diluted losses of $0.14 a year.

Business Focus:

Groupon's global sales growth of 81% per cent in the fourth quarter, to 101 million, was the first to break 100 million in the company's history, with North America selling units growing 11% per cent, and from Europe, the Middle East and Africa to a year-on-year increase of 20% from the rest of the world. Mainly benefited from the first quarter of 2014 mergers and acquisitions ticket monster business.

By the end of the fourth quarter of 2014, Groupon had more than 370,000 active global trading volumes, more than 300,000 in the third quarter of 2014 and more than 135,000 active trading in North America in 2014 fourth quarter.

Groupon's active consumer grew 23% per cent in 2014, to 53.9 million, with 24.1 million in North America, 15.2 million in Europe, the Middle East and Africa, and 14.6 million in other parts of the world.

The average consumer's billing income for the last 12 months ending in the fourth quarter of 2014 was $155, the previous quarter being 149 dollars.

In the fourth quarter of 2014, more than 110 million users worldwide downloaded Groupon's mobile apps. In addition, as of the end of the fourth quarter of 2014, there were more than 160 million individual monthly users, including Web and mobile users.

Search business: In the fourth quarter of 2014, about 26% of the volume in North America was related to search, compared with 19% in the fourth quarter of 2013.

Stock Repurchase Plan:

Groupon bought 1,152,100 shares of a common stock in the fourth quarter, with an average price of $7.04 per share and a total price of about $8.1 million. Under the current mandate, Groupon has bought up 27,239,104 of its shares at an average price of $7.29 a share and a total of 198.5 million dollars. Under the August 2013 stock buyback plan, Groupon was entitled to repurchase a Class A common stock of $101.5 million trillion, which is expected to end in August 2015.

Performance Outlook:

Groupon expects revenue to be between $790 million trillion and $840 million trillion in the first quarter of 2015, and the collated EBITDA will be between 45 million and 65 million dollars; The diluted profit per share not measured by US GAAP would be between 0 and 0.02 dollars.

Groupon expects to have more than 315 million dollars in EBITDA by 2015.

Stock performance:

In Thursday, Groupon fell 0.12 US dollars in the US stock market, at $7.46, or 1.58%, but in the post-trading (as at press), Groupon fell 0.14 US dollars to $7.32, or 1.88%. In the past 52 weeks, Groupon's lowest share price was $5.18, with a maximum of 10.88 dollars. (Yue Tong)