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This article was published on August 13, 2012


Groupon Q2 misses with $568M revenue, up 45% y/y and EPS of $0.04

Groupon Q2 misses with $568M revenue, up 45% y/y and EPS of $0.04
Matthew Panzarino
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Matthew Panzarino

Matthew Panzarino was Managing Editor at TNW. He's no longer with the company, but you can follow him on Twitter. Matthew Panzarino was Managing Editor at TNW. He's no longer with the company, but you can follow him on Twitter.

Groupon is reporting $568M in revenue on Quarter 2 of 2012, which is up 45% y/y, but which misses estimates of $575.3M. It beat profit estimates, however, with $46.5M reported, vs. an operating loss of $101M in Q2 2011.

“We had a solid quarter despite challenges in Europe and continued investment in technology and infrastructure,” said Andrew Mason, CEO of Groupon. “We’ve deepened our relationships with a growing base of merchants and customers worldwide, demonstrating progress as we work to unlock the opportunity in local commerce.”

Groupon says that the 45% y/y growth in revenue would have been 53% if not for impact from foreign exchange rates.

Groupon stock is down about 8% in after-hours trading after its earnings report.

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