August 13, 2012, 3:33 PM

Groupon’s revenue rises 45% in Q2

Groupon announced it had a $46.5 million operating income in Q2.

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For the second quarter in a row Groupon Inc.'s operations didn’t cause the daily deal operator to post a quarterly operating loss. The daily deal operator announced today it had a $46.5 million operating income in the second quarter. Groupon also noted that its Groupon Goods marketplace surpassed $200 million in revenue during the second quarter, which was its third quarter in operation since launching last fall.

For the second quarter ended June 30, Groupon reported:

  • Revenue increased 44.8% to $568.3 million, compared with $392.6 million in 2011.
  • North American revenue of $260.2 million, a 10.5% jump from $235.4 million a year earlier.
  • International sales of $308.2 million, a 30.9% increase from $235.4 million in 2011.
  • Operating income of $46.5 million, compared with an operating loss of $117.1 million in 2011.
  • A net gain attributable to common stockholders of $28.4 million, compared with a year-ago net loss of $107.4 million
  • Gross billings, which reflects the total amount collected from Groupon customers for Groupon vouchers sold, excluding applicable taxes and refunds, were $1.29 billion, a 38.8% spike from $929.2 million in 2011.

For the first half of the year ended March 31, Groupon reported:

  • Revenue increased 64.2% to $1.13 billion, compared with $688.1 million in 2011.
  • North American revenue increased 69.7% to $498.7 million, compared with $293.8 million in 2011.
  • International sales of $628.9 million, a 59.5% jump from $394.3 million a year earlier.
  • Operating income of $86.1 million, compared with an operating loss of $218.2 million in 2011.
  • A net gain attributable to common stockholders of $16.7  million, compared with a year-ago net loss of $253.9 million
  • Gross billings, which reflects the total amount collected from Groupon customers for Groupon vouchers sold, excluding applicable taxes and refunds, were $2.64 billion, a 65.0% spike from $1.60 million in 2011.

"We had a solid quarter despite challenges in Europe and continued investment in technology and infrastructure," says Andrew Mason, Groupon CEO.

Despite Groupon's gains, its revenue fell short of analyst estimates. Moreover, the daily deal operator's quarter over quarter growth rate was 1.6%, a sharp decline from the double-digit rates Groupon had posted in the previous five quarters.

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