Internet and Catalog Retail
Company Overview of Groupon, Inc.
Groupon, Inc. operates as a local commerce marketplace that connects merchants to consumers by offering goods and services at a discount in North America and internationally. The company also offers deals on products for which it acts as the merchant of record. It offers deals in various categories, including food and drink, events and activities, beauty and spa, fitness, health, home and auto, shopping, and education. The company emails its subscribers discounted offers on goods, services, and travel targeted by location, purchase history, and personal preferences. It also enables its customers to access its deals directly through its Website and mobile applications. The company was formerl...
600 West Chicago Avenue
Chicago, IL 60654
Founded in 2008
Key Executives for Groupon, Inc.
Chief Financial Officer
Total Annual Compensation: $721.9K
Chief Operating Officer
Total Annual Compensation: $684.7K
Senior Vice President of Product Management
Total Annual Compensation: $336.5K
General Counsel and Secretary
Total Annual Compensation: $361.0K
Global Controller and Vice President
Total Annual Compensation: $328.8K
Compensation as of Fiscal Year 2012.
Groupon, Inc. Key Developments
Groupon Opens First Warehouse in Northern Kentucky
Nov 18 13
Groupon opened its Groupon Goods Fulfillment Center in Hebron, Ky., with a ribbon-cutting event attended by CEO Eric Lefkofsky, Lieutenant Governor Jerry Abramson, U.S. Representative Thomas Massie and other local dignitaries. The warehouse is the primary fulfillment center for Groupon's growing Goods business. Launched in 2011, Groupon Goods now accounts for more than $1.7 billion in annualized billings and serves as a world-class destination for quality brand name products.
Groupon, Inc. Presents at Bloomberg Business Summit, Nov-20-2013 through Nov-21-2013
Nov 17 13
Groupon, Inc. Presents at Bloomberg Business Summit, Nov-20-2013 through Nov-21-2013. Venue: The Art Institute of Chicago, 230 S. Columbus Drive, Group Entrance, Chicago, IL 60603, United States. Presentation Date & Speakers: Nov-20-2013, Bradley A. Keywell, Co-Founder, Director and Chairman of Nominating & Corporate Governance Committee. Nov-21-2013, Eric P. Lefkofsky, Co-Founder, Chief Executive Officer and Director.
Groupon, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2013
Nov 7 13
Groupon, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. Revenue increased 5% to $595.1 million in the third quarter 2013, compared with $568.6 million in the third quarter 2012. Operating income was $13.8 million in the third quarter 2013, compared with $25.4 million in the third quarter 2012. Operating income decreased $13.6 million compared with the second quarter 2013. Third quarter 2013 net loss attributable to common stockholders was $2.6 million, or $0.00 per share, including stock compensation and acquisition-related costs, net, of $25.3 million ($17.0 million net of tax) against $3 million reported last year. Earnings per share excluding stock compensation and acquisition-related costs, net of tax, a non-GAAP financial measure, were $0.02 per share. Income before provision for income taxes was $14.6 million against $25.9 million reported last year. Adjusted EBITDA, a non-GAAP financial measure, was $62.3 million in the third quarter 2013, compared with $65.8 million in the third quarter 2012. Net cash used in operating activities was $11.9 million against net cash provided by operating activities of $42.1 million reported last year. Purchase of property and equipment and capitalized software was $15.1 million against $16.0 million reported last year.
For the nine months, the company reported net loss attributable to common stockholders of $14.15 million or $0.02 per diluted share on total revenue of $1.8 billion compared to net income attributable to common stockholders of $13.7 million or $0.02 per diluted share on total revenue of $1.7 billion reported in the same period last year. Income from operations was $62.4 million against $111.6 million reported last year. Income before provision for income taxes was $52.6 million against $157.3 million reported last year. Net cash provided by operating activities was $40.2 million against $201.1 million reported last year.
For the fourth quarter 2013, the company expects revenue of between $690 million and $740 million, operating income excluding stock compensation and acquisition-related expenses of between $40 million and $60 million, and earnings per share excluding stock compensation and acquisition-related expenses, net of tax, of between $0.00 and $0.02.
Groupon now expects full year 2013 GAAP operating income of between $72 million and $92 million. This outlook includes costs related to the acquisition of Ticket Monster. It does not assume any additional impact of this or other acquisitions or investments, or material changes in foreign exchange rates.
Similar Private Companies By Industry
Recent Private Companies Transactions