Groupon Posts Q4 Net Loss Of $37M
Groupon released their Q4 2011 report today, revealing a year-to-year 194% increase in revenue from $172.2 million in 2010 to $506.5 million this year. However, the online purveyors of collectively bargained daily deals had a net loss of $37 million in the 2011 fourth quarter – also it’s first quarterly results since becoming a public company this past November.
The company also stated it had a net less of $275 million for 2011, compared to $413 million last year.
One explanation for the financial results of Groupon’s 2011 is its effort to expand into other areas of commercse as well as other regions of the world. These efforts were evinced with their sales, which increased %500 to $1.6 billion.
The financial impact of the report sent Groupon shares up as high as $25.70 earlier today before falling back down to $24.58 by the end of the day. Still, despite the tumble after initially rising, shares are still up $0.39 for the day.
The full statement of Groupon’s 2010 fiscal earnings as well as their first quarterly results can be accessed on their website.