Groupon's share price declines by 20%

Source: Internet
Author: User
Keywords Share price expand Groupon
Tags .net group group purchase group purchase website net net loss the net total revenue

Summary: The negative factors that widened the net loss in the first quarter of 2014, the US group purchase website Groupon fell 1.39 U.S. dollars in the Nasdaq regular trading on May 7 (Eastern Time), down 20.68%, the biggest one-day decline in nearly 3 months. According to earnings figures

Affected by the negative factors that widened the net loss in the first quarter of 2014, Groupon fell 1.39 U.S. dollars in the Nasdaq regular trading on May 7 (Eastern Time), down 20.68% per cent, the biggest one-day decline in nearly 3 months.

According to earnings figures, Groupon's total revenue for the first quarter was $756.7 million, an increase of 26% per cent, and a net loss of $37.8 million for ordinary shareholders, a net loss of $3.99 million over the same period last year. Among them, North America's revenue growth of 27%, Europe, the Middle East and Africa and other regional revenue growth of 26%, the rest of the world revenue growth of 23%. Groupon expects total revenue to reach between $725 million and $775 million trillion in the second quarter of fiscal 2014.

Earlier, documents submitted to regulators by the controlling shareholder, Amazon, showed that Groupon's main competitor, the US's second-largest group-buying site, LivingSocial2014 77 million U.S. dollars in the first quarter of the year, down 28.7% from a year earlier (108 million U.S. dollars); Net profit of 177 million U.S. dollars, a net loss of 45 million dollars in the same period last year.

LivingSocial in the background of year-on-year decline in revenue to achieve profitability, is clearly not the main business channel benefits, such as the sale of Southeast business, and South Korea branch ticket monster.

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