Groupon just released its Q3 2012 earnings report, marking the company’s first full-year cycle of earnings reports since its IPO in November 2011. The company reported $568.6 million in revenue and a net operating income of $25.4 million.
Net loss attributable to common stockholders of $3.0 million, or $0.00 per share, which included stock-based compensation and acquisition-related expenses of $25.1 million and a diluted share count of 653.2 million, versus a net loss of $54.2 million and a loss per share of $0.18 in third quarter 2011
Ahead of the announcement, most analysts expected the company to post a profit of about $0.04 per share and revenue of around $590 million. Last quarter, Groupon reported revenue of $568.3 million and a net income of $28.4 million.
“Our solid performance in North America was offset by continued challenges in Europe,” said Andrew Mason, CEO of Groupon. “Groupon Goods has evolved into a second major category that our customers clearly love. With deals on everything from designer sunglasses to big-screen televisions to most-wanted toys, we think it will be a great gifting destination this holiday season.”
One thing a lot of analysts will also watch for in this release is how many active customers the company has at the end of this quarter. This quarter, Groupon reported that it had 39.5 million active customers as of September 30, 2012. That’s up 37% from the year-ago quarter
Groupon, of course, had somewhat of a stormy first year on the stock market. The stock was trading around $3.90 before the markets closed today. That’s down roughly 80% from the $20 price the company set for its IPO.
The company itself has also gone through a hard few months as the group buying/daily deals market moves out of its hype phase and into a period of consolidation. Just today, Groupon confirmed that it was laying off about 80 members of its sales team. The company also continues to have legal troubles. Last week, for example, the SEC asked Groupon for more financial disclosures about revenue from its new businesses like merchandise sales. The SEC is also asking Groupon for clarification about why it underestimated how many of its customers would request refunds.
Here are some of the highlights from the report according to Groupon:
Groupon features a daily deal on the best stuff to do, see, eat, and buy in more than 565 cities around the world. By promising businesses a minimum number of customers, Groupon can offer deals that aren’t available elsewhere. Groupon brings buyers and sellers together in a fun and collaborative way that offers the consumer an unbeatable deal, and businesses a large number of new customers. To date, it has saved consumers more than $300 million and claims it...