Groupon's net loss of 22.9 million dollars in the second quarter

Absrtact: August 6 Groupon released its second-quarter results for fiscal year 2014 as of June 30. The report showed Groupon's second-quarter revenues amounted to $751.6 million trillion, up 23% from $608.7 million a year earlier; net losses attributable to ordinary shareholders

August 6 Groupon released its second-quarter results for fiscal year 2014 as of June 30. According to the report, Groupon's second-quarter revenue reached $751.6 million, a 23% increase from $608.7 million a year earlier, and a net loss of $22.9 million for ordinary shareholders, which is larger than the net loss of 7.57 million dollars attributable to ordinary shareholders over the same period last year.

Groupon's share price fell sharply after Tuesday, despite the fact that Groupon's profit in the second quarter did not meet the market analyst's expectations, but not as analysts had expected, and the third-quarter results were less than expected by analysts. Groupon's second-quarter revenue was $751.6 million trillion, less than the analyst's expected $762 million trillion, and a diluted profit of $0.01 per share, as measured by US GAAP, in line with analysts ' expected $0.01 trillion. Groupon expects revenues to be between $720 million and $770 million trillion in the third quarter of this year, with less than $0 to 0.02 dollars per share, not measured by US GAAP, compared with analysts ' estimates of 760 million dollars and 0.03 dollars respectively.

Groupon's shares rose 0.05 to $7.07, or 0.7%, in Tuesday's conventional US stock market, but in the post-trading (as at press), Groupon fell 1.16 U.S. dollars to 5.91 dollars, or 16.4%. In the past 52 weeks, Groupon's lowest share price was $5.18, with a maximum of 12.76 dollars. Groupon's current market capitalisation is about $4.82 billion trillion.

Eric Levkovsky, Groupon's chief executive, said: "From a business-demand perspective, we have hit a new record in the second quarter of this year, with global gross receipts rising by 29% per cent to the highest level." Our markets continue to attract and grow. We've also hit a record high in the mobile business, and with Gnome we think we're going to have a big jump in connecting to localized business. ”

Detailed results:

Groupon's second-quarter global gross billing revenue (gross billings, which reflects all the value of customers ' purchases of goods and services, not counting applicable taxes and estimated tax rebates) grew by 29% per cent year-on-year. Reached $1.82 billion trillion, a year earlier of 1.41 billion dollars, billing receipts from North America grew 12% per cent year-on-year, and billing receipts from Europe, the Middle East and Africa (EMEA) grew by 145% per cent from the rest of the world over the same period last year. (This growth was mainly due to the ticket monster of mergers and acquisitions in the first quarter of this year).

Groupon's second-quarter revenue grew 23% year-on-year, from $608.7 million trillion to $751.6 million trillion over the same period last year; revenue from North America grew 12% from a year earlier, from 377 million dollars to 424 million dollars in the same period, and revenue from Europe, the Middle East and Africa increased 42 year-on-year. %, from $160 million trillion to $227.7 million in the same period last year, revenue from other parts of the world grew 40% from a year earlier, from 71.6 million dollars to 99.96 million dollars over the same period.

Groupon's gross profit in the second quarter reached $389.9 million trillion, compared with $384.7 million a year earlier.

Groupon's second-quarter adjusted EBITDA (net profit before interest, tax, depreciation and amortization) was $59.1 million trillion, compared with $80.5 million a year earlier.

Groupon's net loss to ordinary shareholders in the second quarter was $22.9 million, a net loss of $7.57 million in the same period last year, and $0.03 trillion in basic and diluted losses, with a loss of $0.01 in the same period last year. Groupon's second-quarter profit was $0.01 trillion, excluding equity awards, acquisitions ' intangible-asset amortization fees and $43.8 million trillion (not according to US GAAP) per share.

Groupon's 12-month cash flow to the June 30 of this year was $122.9 million, and Groupon's free cash flow, which was not measured by US GAAP in the second quarter of this year, was $53.8 million trillion, and the 12-month free cash flow to June 30 was 40.5 million dollars.

As of June 30, 2014, Groupon held a total of $868.1 million in cash and cash equivalents, up to December 31, 2013 of USD 1.24 billion.

Business Focus:

Groupon grew 79% in the second quarter from a year earlier, to 83 million, while sales from North America grew 8% from a year earlier, from Europe, the Middle East and Africa to 10% year-on-year growth of 342% per cent in other parts of the world.

At the end of the second quarter, Groupon traded more than 240,000 times globally, more than 200,000 times in the first quarter of this year, with more than 105,000 active trading in North America in the second quarter.

At the end of the second quarter, Groupon's active consumers rose 25% to 53.2 million, with 22.6 million in North America, 14.5 million in Europe, the Middle East and Africa, and 16.1 million in other parts of the world.

Tracking the average consumer's billing income for the past 12 months was $137, the first quarter of this year was 132 dollars.

Nearly 92 million of users worldwide downloaded Groupon's mobile apps in the second quarter of this year.

Stock Repurchase Plan:

Groupon bought 17,228,792 shares of a common stock in the second quarter, with an average price of $6.15 per share and a total price of about $106 million. Under the current mandate, Groupon has bought up 24,737,292 of its shares at an average price of $7.36 a share and a total of 182 million dollars. Under the August 2013 stock buyback plan, Groupon was entitled to repurchase a Class A common stock of $118 million trillion, which is expected to end in August 2015.

Performance Outlook:

Groupon expects revenues to be between $720 million trillion and $770 million trillion in the third quarter of 2014, and the collated EBITDA will be between 50 million and 70 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 270 million dollars in EBITDA for the year 2014. (Yue Tong)