=Groupon (GRPN) reported earnings on Tue 18 Feb 20 (a/h)

• The online coupon service's stock fell below $2 for the first time since it went public in 2011. The company says it plans to cut $125 million in costs.

Groupon also appoints Melissa Thomas as CFO on a permanent basis, effective immediately
Ms. Thomas joined Groupon in 2017 as VP of Commercial Finance and currently also serves as Chief Accounting Officer and Treasurer. She has served as interim CFO since August 2019.

Groupon misses by $0.08, misses on revs; to exit Goods business and announces proposal for reverse stock split 

Reports Q4 (Dec) earnings of $0.07 per share, excluding non-recurring items, $0.08 worse than the S&P Capital IQ Consensus of $0.15; revenues fell 23.5% year/year to $612.3 mln vs the $704.87 mln S&P Capital IQ Consensus.

"Following a comprehensive review of opportunities and strategic alternatives, we determined that a plan to exit the Goods category and focus on our local experiences marketplace best positions us for long-term and sustained growth... We believe that focusing on rapidly growing our local experiences marketplace will allow us to bend our growth curve and deliver value for all of our stakeholders... In order to maintain and extend our competitive advantage, we believe we must act with urgency and plan to exit our Goods category in North America by the third quarter and globally by the end of the year."

By 2022, company expects unit growth % to be high single digits, gross billings % growth to be high single digits, revenue growth % to be mid single digits, and adjusted EBITDA margin to be high teens.

Groupon also announced that its Board of Directors has approved, and will submit to Groupon's stockholders at the June 2020 Annual Meeting, a proposal to effect a reverse stock split of Groupon common stock at a ratio of between 1-for-10 and 1-for-12.

Earnings this week : Feb 17 - 21, 20 (wk 8)

Monday (Feb 17)

• Holiday: Presidents' Day (US stock, bond, and options markets and the Federal Reserve Bank will be closed on Monday, February 17, 2020. Futures markets will close at 1pm ET.

Tuesday (Feb 18)

• Morning: AAP AEIS ALLE ATH BLMN CEVA CHH CEQP ECL EXPD FLR FELE GSX INMD JELD LDOS MDT SFL SITE TSEM TRU USAC VG VMC WAB WMT WLK
• Afternoon: A AMED ACC TXG ACC AWK ATRC BKD CHE CXO DVN FANG WIRE ENPH EVBG EXR GRPN HCKT HVT HQY HSTM HLF IOSP INVH KAR KRG KNL LZB LC DOOR NP NTR PLMR QTS ROIC RPAI SGMS SCPL SSTI SOI SHO TX TIVO TRTX TPH WRSK WNO

Wednesday (Feb 19)

• Morning: ADI ATHM BHC BCOR APRN FUN DISH ELAN ENBL ETR FVRR FDP GRMN GEL THRM GPC GLDD HEP IART NHI DNOW OC STNG SSW SAH SMP VPG WING
• Afternoon: AGI ALB Y ALSN CRMT AROC CAR AXTI SAM BCOV CAKE XEC CDE CYH CONE ESRT EIG ET FARO FIVN LOPE GDOT HCR HNI HST H IAG ICLR IMAX INOV IVR NVTA JACK JBT KALU KBR KL LSI MX MANT MASI MOS MSA LASR NE NDSN OIS OGS OSUR OR OVV PAAS PE PRDO PXD QTWO O RETA RBBN RPT SNBR SM SED SPTN STMP SUI SUN SNPS TVTY TSLX TRN UCTT UFPI VMI HCC WMB ZG

Thursday (Feb 20)

• Morning: AAN AKS AEP ARD AAWW BRC CAMT CBZ CLF COMM CSTM COT DNR DPZ EPAM FOCS GIL HEES HSIC HFC HRL HPP IDA ITGR I IDCC LAMR LXP LKQ MD MFA NEM NCLH OPI PCRX PQG RCM RS RGEN SHLX SIX SO STFC SCL STOR SYNH TFX TNC TEN TXMD VTR VIAC VC WIX
• Afternoon: ADSW LNT COLD APPN ATR BAND BJRI BYD BVN BLDR COG CAI CATM CASA CWST CENX ED CNDT CORT CVA CUBE DRH BOOM DBX DCO EHTH EBS ENV EVRG FSLY FSLR FND GLPI GMED HTGC HBM LTHM MMI NBR NCMI NGHC NUVA OEC PEB PPC PRAH PRA PBYI RMAX RWT ROG SBAC SWM SEM SFM SSRM TXRH TMST TRUE OLED VAL VICI WK ZIXI ZS

Friday (Feb 21) 

• Morning: BCPC B CNK CFX DE ERF HSC HMSY ITT MGA PNW RY TECK WPC

Notable earnings reports:
Walmart (WMT), Agilent (NYSE:A), Herbalife (NYSE:HLF), Groupon (NASDAQ:GRPN) and Scientific Games (NASDAQ:SGMS) on February 18; IMAX (NYSE:IMAX), Blue Apron (NYSE:APRN), Wingstop (NASDAQ:WING), Albermarle (NYSE:ALB), Hyatt Hotels (NYSE:H), Sunoco (NYSE:SUN), Dish Network (NASDAQ:DISH) and Zillow (NASDAQ:ZG) on February 19; Norwegian Cruise Line Holdings (NYSE:NCLH), (NASDAQ:VIAC), Domino's Pizza (NYSE:DPZ), Universal Display (NASDAQ:OLED) and Dropbox (NASDAQ:DBX) on February 20; Diana Shipping (NYSE:DSX), Royal Bank of Canada (NYSE:RY) and Deere (NYSE:DE) on February 21.

This week's biggest % winners & losers : Dec 16 - 20,19 (wk 51)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: IMGN (5.33 +48.88%), KZR (3.49 +29.26%), PRTA (15.85 +23.35%), CTMX (8.79 +22.77%), TRHC (46.56 +21.88%), INO (3.3 +21.32%)
• Consumer Discretionary: LOVE (13.37 +24.49%)
• Information Technology: GSKY (9.12 +26.67%)
• Energy: REGI (24.95 +40.17%), MDR (1.11 +34.48%), NE (1.2 +28.67%), HPR (1.73 +21.83%), SDRL (1.69 +21.58%), NBR (2.98 +20.65%)
• Consumer Staples: RAD (14.03 +85.34%), CAG (35.07 +23.57%)

This week's top % losers

• Healthcare: AKRX (1.71 -51.63%), TRXC (1.43 -25.52%), GRTS (7.75 -16.13%), ABEO (3.12 -14.66%), CLVS (10.98 -14.62%), ACB (2.25 -14.45%), RUBY (11.32 -13.65%), CYH (2.95 -13.24%), DRNA (23.28 -13.1%), UBX (7.27 -13.04%), AMRN (20.99 -12.98%)
• Industrials: APOG (31.8 -19.37%), TPC (13.13 -16.53%), BOOM (45 -14.63%)
• Consumer Discretionary: GRPN (2.23 -14.56%)
• Information Technology: CAMP (9.67 -14.2%), GTT (10.11 -13.37%)
• Financials: JT (1.44 -13.25%)

GRPN : downgraded to sell from neutral at Goldman

 

=Groupon (GRPN) reported earnings on Mon 4 Nov 19 (a/h)

Groupon misses by $0.01, misses on revs; reaffirms 2019 adj EBITDA guidance 

Reports Q3 (Sep) earnings of $0.01 per share, $0.01 worse than the S&P Capital IQ Consensus of $0.02; revenues fell 16.4% year/year to $495.6 mln vs the $523.71 mln S&P Capital IQ Consensus; Adjusted EBITDA of $50 million.

Global units sold were down 9% to 35.8 million in the third quarter 2019 largely driven by fewer customers and lower traffic. Units in North America were down 14% and International units were down 1%.

2019 Adjusted EBITDA guidance of approximately $270 million reiterated.

Earnings this week : Nov 4 - 8, 19 (wk 45)

Monday (Nov 4)

• Morning: BHC CYOU COHU RACE FE GCI KOS MMYT SOHU S SUP SYY UAA
• Afternoon: AAN ACOR ADUS AOSL APLE APTS AWR BHF BKD BKH BWXT CBT CC CDE CDEV CHGG CPE DIOD DK DOOR ED ELVT ETH EVBG EVER FBM FICO FN FRPT FRTA FTSI GRPN HHC HIG HLIO HPR HR HTZ IFF ITRI JKHY KAMN KMPR KMT LASR LMNX MAR MDRX MOS MYGN NBIX NCMI NTR O OTTR OUT OXY PAHC PBPB PI PLMR PLOW PRU PXD QTS REAL RMBS RNG RYAM SHAK SHO SNCR STE STRL SWM SYKE TCMD THC TNDM TSE UBER VAC VECO WES WTR XEC 

Tuesday (Nov 5)

• Morning: AFI AGN AMRC AMRN ARNC ASC ATH ATHM ATRO AVNS AVTR BCPC BDX BMCH BPMC BSIG CEIX CHH CHK CNK CSWI CTLT EEX EMR ENDP EQM EXPD FI FIS FTDR GEO GLDD GSKY GSX HLNE HSIC ICPT IPHS IPI JLL LAMR LCII LGIH LPX MDGL MGP MNK MYE MYL NEM NOVT NPO NS NWN OCN OXFD PBI PINC PPL PTON RCM REGN RHP RPD SERV SGRY SRC SSTK SXC TA THR TLRA TPR TRVG UNT UNVR USAC USFD VCEL VIRT VPG VRTV VST WBT WLK ZBH
• Afternoon: ACHC AKCA ALRM Y ATUS AVD ANDE AINV AIZ AVLR BTG BEAT WIFI CZR CARG CDK CENX CNO COHR CMP CPSI SCOR CPS CSOD CCRN CWK DVA DVN FANG DEI EVRI ES EVH FATE FRGI FIVN FLDM FTR GTES GTE GPRE GHL GWPH HCKT HCR HST HUBS ICHR IOSP INGN INSP PODD IPAR IRTC JAZZ KAR KRG KTOS KPI LC LGND LTHM MTCH MBI MCHP MODN MWA NP NEWR NUS OAS OHI OPK PE PAYS PAA PAGP PLT PTLA PRMW PRA RDUS RRGB RRR RGNX SWIR SSRM SXI INN SUPN CGBD TSLX TRUP TWO RARE VGR VOYA WMC WLL WW

Wednesday (Nov 6)

• Morning: AES XLRN AYR ALE AMRX ANIP WAAS GOLD BKI BLMN BCOR BR CSTE CPRI CRCM CARS CBRE FUN GIB CRL IMOS CIR CWEN CNHI CNR COTY CVIA CVS CYBR DEA ELAN ENBL ESPR GLOG GCP GEL HZNP HUM NSIT IONS JELD KELYA KL LAUR LXP LL MFA MIDD NYT NXST DNOW ODP OMI PZZA PFGC PRGO DOC RDWR SMG SEE SQNS SBGI SND VNTR VER VG VMC WNC WD WEC WEN WLH
• Afternoon: AIMT, ATSG, ALB, LNT, UHAL, AEL, ANGI, ANSS, AAOI, ASRT, ATO, EQH, AXGN, BIDU, BAND, BNFT, BL, BRKS, CECO, CVNA, CTL, COLL, CNDT, CXW, DAR, DCP, DXCM, DXPE, DVAX, ELF, EGAN, ERI, EBS, ECPG, ET, ELF, ENS, EOG, EVRG, EXPE, STAY, FG, FISV, FIT, FLT, FLO, FLNT, FSCT, FOSL, FOXA, GKOS, GMED, GLUU, GDDY, LOPE, HOLX, TWNK, IAG, ICFI, IAC, IVC, NVTA, IQ, KGC, LCI, LHCG, RAMP, MFC, MRO, MTRX, NTRA, NKTR, NVRO, NEX, OSUR, ORA, OR, PAAS, PGRE, PK, PDCE, PLYA, PRI, PROS, PSEC, PRSC, PBYI, QTWO, QCOM, QUOT, RP, RDFN, RCII, REZI, ROKU, RGLD, RUBI, SAIL, SGMO, WTTR, SEDG, SJI, SWX, SPTN, SQ, SLF, SUN, TLND, TTGT, TXMD, TMST, TPIC, TRIP, TCX, TPC, UPWK, VVV, VNDA, VERI, VSLR, WK, WMGI, WYNN, ZAGG, ZAYO 

Thursday (Nov 7)

• Morning: ACIW, ADNT, WMS, APD, AMC, ABC, MT, AVA, AZUL, BCC, CAH, ECOM, CBB, CLVS, CCOI, CMCO, COMM, CORE, COT, DNR, DISCA, DISH, SATS, EPAM, EVOP, AG, FOCS, GOGO, GTN, HAIN, HL, HIMX, HII, INXN, JCI, KDP, KTB, KOP, LXRX, MBUU, MCFT, MDP, VIVO, MSGN, NHI, EYE, NLSN, NBL, NOMD, NCLH, NVMI, NRG, OGE, PCRX, PRTY, PRFT, PGTI, PNW, PLUG, RL, RLGY, SBH, SEAS, SNH, STRA, TGNA, TSG, TWI, THS, GTS, TGI, USPH, VSTO, WRK, WWW, ZTS 
• Afternoon: AAXN, AGO, AGS, AIRG, AL, ALTR, AMBC, AMH, AMPH, ANAB, AQN, ARLO, ARNA, ATVI, AVID, BE, BEDU, BGNE, BKNG, BOLD, CABO, CDAY, CHUY, COLD, CORT, CTRE, CUTR, CWH, CYRX, DBX, DIS, EB, ENLC, ENV, FARM, FSLY, G, GDOT, GH, GPRO, GSBD, IVR, JAG, JJSF, KIDS, KRO, KSHB, LADR, LPSN, MAIN, MATX, MED, MIME, MITK, MMI, MNST, MOD, MRAM, MTD, MTW, NCR, NDLS, NLOK, NNBR, NNI, NVEE, NWSA, ONTO, PEGA, PEN, PETQ, PLNT, PRAA, QHC, QNST, RBA, RLJ, RVLV, SCPL, SEMG, SGMS, SIEN, SPPI, SRPT, STMP, SVMK, SWAV, SWCH, TDC, TIVO, TRHC, TROX, TRUE, TTD, TTWO, TUSK, TXG, UEPS, UNIT, UPLD, VRTU, VSAT, WPRT, WSC, WTRH, XOG, YELP, ZG, ZGNX, ZIOP

Friday (Nov 8)

• Morning: AER, AEE, EPAY, CLNY, DRH DUK, ENB, ERF, ETM, ESNT, FLY, GTX, GNLN, HMC, MSG, MGA, ZEUS, REV, SSP, SVC, STWD, USCR, UNT

Notable earnings reports: 

• Under Armour (NYSE:UAA), Uber (UBER), Shake Shack (NYSE:SHAK), Marriott International (NASDAQ:MAR) and Bausch Health (NYSE:BHC) on November 4; 
• Booking Holdings (NASDAQ:BKNG), Match (NASDAQ:MTCH), Peloton Interactive (NASDAQ:PTON) and Tapestry (NYSE:TPR) on November 5; 
• Baidu (NASDAQ:BIDU), Square (NYSE:SQ), Roku (NASDAQ:ROKU), Qualcomm (NASDAQ:QCOM), Expedia (NASDAQ:EXPE), Barrick Gold (NYSE:GOLD) and CVS Health (NYSE:CVS) on November 6; 
• Disney (NYSE:DIS), Activision Blizzard (NASDAQ:ATVI), GoPro (NASDAQ:GPRO), Take-Two Interactive (NASDAQ:TTWO), Wynn Resorts (NASDAQ:WYNN), Dropbox (NASDAQ:DBX) and Zillow (NASDAQ:ZG) on November 7; 
• Scientific Games (NASDAQ:SGMS) and Duke Energy (NYSE:DUK) on November 8.

=Groupon (GRPN) reported earnings on Tue 12 Feb 2019 (a/h)

Groupon misses by $0.03, beats on revs; issues light FY19 EBITDA guidance

• Reports Q4 (Dec) earnings of $0.10 per share, excluding non-recurring items, $0.03 worse than the S&P Capital IQ Consensus of $0.13; revenues fell 8.4% year/year to $799.93 mln vs the $782.54 mln S&P Capital IQ Consensus.
• Adjusted EBITDA was $269.8 million in 2018 vs. guidance for $280-290 mln
• Global units sold declined 8% to 50.5 million in the fourth quarter 2018 as a result of lower traffic and the co's continued focus on maximizing long-term gross profit, which resulted in fewer units. Units in North America were down 13%, while International units were up 3%.
• Highlights from Shareholder Letter:
  • Unfortunately, the operating environment grew increasingly challenging in the second half of the year when accelerating headwinds from email and changes in Google search reduced traffic and engagement for the business. Those headwinds persisted in Q4 and as we entered the new year. We don't expect the headwinds to worsen in 2019, nor do we expect them to abate. We have to assume the changes in search and the challenges for email are the new normal and adapt as we always have.
  • Importantly, we anticipate that the investments we're making now, along with continued cost discipline, will put us on the path to achieving $300 million or more of Adjusted EBITDA in 2020 -- with significant upside potential over time should our initiatives on voucherless and conversion drive purchase frequency higher, as we have seen in early testing.
• Outlook: For the full year 2019, Groupon expects Adjusted EBITDA of approximately $270 million (vs. estimates of ~$297 mln); Projects 2020 Adjusted EBITDA of $300 million or more

Earnings this week : Feb. 11 - 15, 2019 (wk 7)

Earnings confirmed to report this week:

Monday (Feb 11)

• Morning: CNA DO GPRE KMPR L MCY MDP MPAA NSP QSR
• Afternoon: AMBR, AMKR ACB BHF BRS BRX BRKR CHGG CMP ROAD DCP ELVT RE FARM FMC RAMP MIME MOH MGI LABL NWE OHI OMF PYX RNG VRNS VECO VNO 

Mon pm/Tue am (vol): https://finviz.com/screener.ashx?v=211&t=AMBR,AMKR,ACB,BHF,BRS,BRX,BRKR,CHGG,CMP,ROAD,DCP,ELVT,RE,FARM,FMC,RAMP,MIME,MOH,MGI,LABL,NWE,OHI,OMF,PYX,RNG,VRNS,VECO,VNO,AYR,ARCC,FIS,HUN,IPGP,JLL,MLM,MDSO,TAP,NNN,NP,NRZ,OMC,ONDK,SABR,SHOP,STE,TOWR,UAA,USFD,WEC,WELL&ta=0&o=-volume

Tuesday (Feb 12)

• Morning: AYR ARCC FIS HUN IPGP JLL MLM MDSO TAP NNN NP NRZ OMC ONDK SABR SHOP STE TOWR UAA USFD WEC WELL 
• Afternoon: ACGL AIZ AKAM AQ ATVI AVLR BFAM BXMT CNO CRAY CSOD DEI DENN EXEL GRPN HUBS IRTC JCOM KRNT LSCC MPWR OXY QLYS QUOT REXR RPAI RRR SHO SPSC TRIP TWLO UDR UIS

Tue pm/Wed am (vol):  https://finviz.com/screener.ashx?v=211&ta=0&o=-volume&t=ACGL,AIZ,AKAM,AQ,ATVI,AVLR,BFAM,BXMT,CNO,CRAY,CSOD,DEI,DENN,EXEL,GRPN,HUBS,IRTC,JCOM,KRNT,LSCC,MPWR,OXY,QLYS,QUOT,REXR,RPAI,RRR,SHO,SPSC,TRIP,TWLO,UDR,UIS,AB,ACCO,BABY,BKI,CAMT,CBM,CBRE,CBZ,CEVA,CFX,CIGI,CIM,CRL,CRTO,CVE,DBD,DISH,ECOM,FLIR,FUN,GLPI,GOLD,GPN,HLT,IPG,IRWD,KELY-A,LAD,LPX,LXFT,NVMI,TECK,TEVA,TMHC,WH

Wednesday (Feb 13)

• Morning: AB ACCO BABY BKI CAMT CBM CBRE CBZ CEVA CFX CIGI CIM CRL CRTO CVE DBD DISH ECOM FLIR FUN GLPI GOLD GPN HLT IPG IRWD KELY.A LAD LPX LXFT NVMI TECK TEVA TMHC WH 
• Afternoon: AIG AKR AMGP ANDE AR ARES ARI ASGN BAND BCOV BKD CF CHEF CPA CRY CSCO CTL CTRE CXP DIOD DVA EQC EQIX FCPT FNF FOSL FR FRT H HCP HR IFF IVC KAI KGC LPI MFC MGM MRO NGVT NLY NPO NTAP NUS OII OIS PGRE PPC PRSP PS PXD QDEL QTWO REG RYAM SKT SLF SNBR SPWR STAG SVMK SWIR TCO TCX TRUP TSE VNDA WCN WMB YELP

Thursday (Feb 14)

• Morning: AAN AEE AER AGIO ALE ALKS ARCH AVP AZN BAM BCOR BGCP BLMN BWA CBB CCEP CME COWN CYBR DGX DNOW DUK EEX EPAM EQM EQT FAF GEO GLOG GNRC GOOS GTLS HII HPP INCY IQV IRM KO LECO MANU MGP MTRN NICE NSIT PATK PBF PBFX PDS POOL PPL R SIX SMI SMP SON STFC STNG THS TPX TRP TRTN TRU TU VMC WLH WM WSO WST YETI ZBRA ZTS
• Afternoon: AEM AIRG AMAT AMN ANET AUY BL CBS CC CGC CGNX CPS CVA ELLI GLOB HTA INVH  LOGM  MERC MRC MX NVDA PDFS RDFN RWT SPXC SSNC TLND TNET TREX TRUE VICI WES WGP WRE XPO 

Friday (Feb 15)

• Morning: ABR AXL CHH CPSI DAN DE TSX:ENB FTS MCO NWL PEP POR SXT TYPE WBC YNDX ZEUS

====Groupon (GRPN) is considering finding a buyer

Citing two people briefed on the matter, Recode reported that executives at Groupon as well as its bankers have been reaching out to public companies during the past month to find a suitor for the Chicago-based company, which is seen as a leader in the once burgeoning market for daily deals and discounts. While Groupon has expressed openness to selling itself in the past, Recode noted this time around executives and bankers are courting would-be buyers more aggressively. It's not clear if its efforts have proved successful, noted Recode. Nor is it clear what is behind the latest push to sell the company.

Groupon Was Once Valued at More Than $16B
When Groupon went public in 2011, the second-largest IPO for a technology company at the time according to Recode, it had a market value of more than $16 billion. That made its move in 2010 to fend off a $6 billion offer from Google appear smart. But since then, Groupon’s value has plummeted as daily deals lost their luster with consumers and businesses. The company now has a market value of $2.4 billion, says Recode. In 2016 it acquired rival LivingSocial for nothing. Amazon.com Inc. (AMZN) closed its own daily deal business back in 2015.

With revenue falling during the past several months, Groupon has been shifting its focus away from selling products for a discounted price and focusing on its core business of offering digital vouchers to get discounts at local and national businesses. While revenue in 2017 was down 5.6% on a year-over-year basis, Redcode noted it had an operating profit, something it had not achieved since 2014.

Alibaba A Potential Suitor?
So who could potentially acquire the pioneer of the daily deal space? According to Recode potential suitors include Alibaba (BABA), the Chinese Internet giant, and IAC/Interactive Corp. (IAC). In 2016 Alibaba acquired a close to 6% stake in Groupon and IAC Chief Executive Joey Levin is on the Groupon board.

-=Groupon (GRPN) reported earnings on Wed 9 May 2018 (b/o)

Groupon beats by $0.03, beats on revs; raises FY18 Adj-EBITDA outlook, Board approves $300 mln share repurchase authorization  

• Reports Q1 (Mar) earnings of $0.03 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of ($0.00); revenues fell 7.0% year/year to $626.54 mln vs the $604.16 mln Capital IQ Consensus.
• Adjusted EBITDA, a non-GAAP financial measure, was $52.6 million in the first quarter 2018, up 17% from $44.8 million in the first quarter 2017.
• In May 2018, the Board of Directors approved a $300 million share repurchase authorization, which replaces the recently expired authorization.
• Outlook: Groupon is raising its outlook for 2018, which reflects current foreign exchange rates and the Vouchercloud acquisition, which they expect to contribute $5 to $6 million to Adjusted EBITDA in 2018. For the full year 2018, Groupon now expects Adjusted EBITDA to be between $280 million and $290 million, an increase from the previously provided range of $260 million and $270 million.

=Groupon (GRPN) reported earnings on Wed 14 Feb 2018 (b/o)

Groupon misses by $0.02, beats on revs; guides FY18 Adj-EBITDA 

• Reports Q4 (Dec) earnings of $0.07 per share, excluding non-recurring items, $0.02 worse than the Capital IQ Consensus of $0.09; revenues fell 3.5% year/year to $873.17 mln vs the $853.13 mln Capital IQ Consensus.
• Gross billings were $1.58 billion in the fourth quarter 2017, down 2% (4% FX-neutral) from $1.61 billion in the fourth quarter 2016. Gross billings reflect the total dollar value of customer purchases of goods and services
• Adjusted EBITDA, a non-GAAP financial measure, was $105.3 million in the fourth quarter 2017, up 31% from $80.2 million in the fourth quarter 2016. This result is the highest quarterly Adjusted EBITDA in the co's history and was driven by their focus on optimizing gross profit combined with operating leverage from previously implemented streamlining initiatives.
• Outlook
  • Groupon is providing its outlook for 2018, which reflects current foreign exchange rates, as well as expected marketing investments and cost benefits associated with our streamlining initiatives. For the full year 2018, Groupon expects Adjusted EBITDA to be between $260 million and $270 million (vs. $250 mln for FY17).

-=Groupon (GRPN) reported earnings on Wed 1 Nov 2017 (b/o)

• Oct 31:  #37; vol. 16.9 M   +6%

Groupon beats by $0.01, misses on revs; Raises FY17 profit and EBITDA guidance 

• Reports Q3 (Sep) earnings of $0.01 per share, excluding non-recurring items, $0.01 better thanthe Capital IQ Consensus of ($0.00); revenues fell 7.6% year/year to $634.46 mln vs the $642.62 mln Capital IQ Consensus.
• Gross billings were $1.34 billion in the third quarter 2017, up 1% (flat FX-neutral) from $1.32 billion in the third quarter 2016. Gross billings reflect the total dollar value of customer purchases of goods and services.
• Outlook
  • For the full year 2017, Groupon is raising its expected gross profit guidance range to $1.305 billion to $1.355 billion (Prior 1.30-1.35 bln).
  • Groupon is raising its expected Adjusted EBITDA guidance range to $225 million to $245 million in 2017 (Prior $215-240 mln). 

=Groupon (GRPN) reported earnings on Wed 3 May 2017 (b/o)

Groupon beats by $0.02, misses on revs; reaffirms FY17 guidance:

• Reports Q1 (Mar) earnings of $0.01 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of ($0.01); revenues fell 3.6% year/year to $673.63 mln vs the $721.93 mln Capital IQ Consensus.
• North America active customers reached 31.6 million as of March 31, 2017, adding 500 thousand during the first quarter 2017. Active customers represent unique user accounts that have made a purchase through one of our online marketplaces during the trailing twelve months. International active customers were roughly flat sequentially at 16.7 million as of March 31, 2017.
• Gross billings were $1.36 billion in the first quarter 2017, down 1% (flat FX-neutral) from $1.37 billion in the first quarter 2016.
• Global units sold declined 3% year-over-year to 45.7 million. Units in North America were flat driven by high single digit growth in Local and declines in Goods, while International declined 9%. Units are defined as purchases made through our online marketplaces, before refunds and cancellations.
• Guidance: 
  • Groupon is reiterating its outlook for 2017, which reflects current foreign exchange rates, as well as expected marketing investments and cost benefits associated with our streamlining initiatives. The basis for our full year 2017 guidance is continuing operations.
    • For the full year 2017, Groupon expects gross profit to be in the range of $1.30 billion to $1.35 billion.
    • Groupon expects Adjusted EBITDA to be in the range of $200 million to $240 million in 2017.

=Groupon (GRPN) reported earnings on Wed 15 Feb 2017 (b/o)

Groupon beats by $0.04, beats on revs; sees higher gross profit, EBITDA in 2017:

• Reports Q4 (Dec) earnings of $0.07 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of $0.03; revenues rose 1.9% year/year to $934.9 mln vs the $915.14 mln Capital IQ Consensus, or 4% on a same-country, FX-neutral basis. North America revenue increased 5%, EMEA declined 2% (increased 1% FX-neutral) and Rest of World declined 12% (8% FX-neutral).
• Gross Billings were $1.70 billion in the fourth quarter 2016, down slightly from $1.71 billion in the fourth quarter 2015. Gross billings were impacted by dispositions and country exits in connection with Groupon's restructuring efforts, partially offset by the addition of LivingSocial. On a same-country, FX-neutral basis, gross billings grew 2% year-over-year. North America gross billings increased 6%, reflecting growth of new customers as well as the acquisition of LivingSocial, while EMEA declined by 9% (5% FX-neutral) and Rest of World declined by 15% (15% FX-neutral). Gross billings reflect the total dollar value of customer purchases of goods and services. North America Local Billings grew 11% year-over-year in the fourth quarter 2016.
• North America Local Billings growth accelerated throughout 2016 reaching 11% year-over-year growth in the fourth quarter 2016. LivingSocial contributed 4 percentage points to fourth quarter 2016 year-over-year growth. North America customer additions accelerated to 2.0 million in the fourth quarter 2016. North America active customers reached 31.1 million as of December 31, 2016, adding 5.2 million for 2016, which marks the highest acquisition in four years. Fourth quarter net additions were 2.0 million, with 1.0 million unique customers added from LivingSocial. Active customers represent unique user accounts that have made a purchase through one of our online marketplaces during the trailing twelve months. North America gross profit increased $31.5 million year-over-year in the fourth quarter 2016. North America gross profit growth accelerated to 14% year-over-year in the fourth quarter 2016 driven by 16% growth in Local and 14% growth in Shopping
• As previously announced, Groupon expects to exit 11 countries as part of its streamline and simplify initiative, and the company expects to report these countries as discontinued operations beginning in first quarter 2017. The basis for our full year 2017 guidance is continuing operations.
• For the full year 2017, Groupon expects gross profit to be in the range of $1.30 billion and $1.35 billion, an increase of $40 to $90 million compared to full year 2016 results for the 15 countries in our go-forward footprint on an FX-neutral basis.
• Groupon also expects Adjusted EBITDA to be in the range of $200 million and $240 million, an increase of $16 to $56 million compared to full year 2016 results for the 15 countries in our go-forward footprint on an FX-neutral basis. 

=Groupon (GRPN) reported earnings on Wed 26 Oct 2016 (a/h)

Groupon to buy LivingSocial
Nearly three years ago, Groupon bought TicketMonster, a South Korean deals company owned by LivingSocial, for $260 million. It later sold a 46 percent stake to private-equity firm KKR for $360 million.

Groupon will acquire about 1 million new customers and about 180 employees from LivingSocial. It's not clear whether Groupon will keep the LivingSocial brand.

“We've watched them closely for a long time,” said CEO Rich Williams. “There are still a lot of people with loyalty to that brand. It's a team that knows the space pretty well. It's an opportunity to accelerate customer growth.”

Groupon raised its full-year guidance on revenue to $3.075 billion to $3.150 billion. Analysts had been expecting full-year revenue of $3.05 billion.

Williams said Groupon beat analyst expectations and raised its forecast.

“I guess a beat and raise isn't what it used to be,” Williams said. “People are probably going to need some context on this transaction.”

Its North American local deals business grew 10 percent in gross revenue in the third quarter, compared with 5 percent in the first quarter.

“We feel like we're on a good, solid trajectory,” Williams said.

=Groupon (GRPN) reported earnings on Wed 27 Jul 2016 (a/h)

 Groupon beats by $0.01, beats on revs; raises FY16 rev, Adj-EBITDA guidance :

• Reports Q2 (Jun) loss of $0.01 per share, $0.01 better than the Capital IQ Consensus of ($0.02); revenues rose 2.4% year/year to $756.03 mln vs the $710.94 mln Capital IQ Consensus.
• Gross Billings were $1.49 billion in the second quarter 2016, down 2% from $1.53 billion in the second quarter 2015, with no significant impact of changes in foreign exchange rates. Gross billings were impacted by dispositions and country exits in connection with restructuring.
• North America Local Billings accelerated to 9% year-over-year growth as we began to see the contribution of new customer cohorts acquired from our marketing investments and initiatives. Customer acquisition marketing yielded an incremental 1.1 million active customers in North America, as compared with the prior quarter, which is the highest acquisition in over two years. North America had 27.9 million active customers as of June 30, 2016.
• Co raises guidance for FY16, sees FY16 revs of $3.0-3.10 bln (Prior $2.75-3.05 bln) vs. $3.02 bln Capital IQ Consensus Estimate; sees Adj-EBITDA of $140-165 mln (Prior $85-135 mln)

Groupon (GRPN) reported earnings on Tue 3 Nov 2015 (after close)

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Beat Q3 consensus estimates by $0.03, missed on revs; guided Q4 EPS below consensus, revs below consensus; named new CEO; Downgraded at Piper Jaffray, BofA/Merrill, and Wells Fargo.

Groupon (GRPN) reported earnings Tue 5 August 2014

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Groupon(GRPN) fell 18% to $5.81 a share, after it reported Tuesday a second-quarter profit of a penny a share, excluding one-time items, on $751.6 million in revenue. While Groupon’s earnings met Wall Street analysts’ forecasts, its sales fell short of the consensus estimate of $762 million. Groupon also said that for its third quarter it expects to break even or earn up to two cents a share, on sales in a range of $720 million to $770 million. Analysts surveyed by FactSet had forecast Groupon to earn 3 cents a share on $760 million in revenue.

Yelp vs Groupon

As of December 31, 2012, the Company was active in 53 Yelp markets in the United States and 44 Yelp markets internationally. Effective July 18, 2013, Yelp Inc acquired SeatMe Inc, which is a developer of restaurant and nightlife categories reservation applications.

Key stats and ratios

	Q2 (Jun '13)	2012
Net profit margin	-1.60%	-13.89%
Operating margin	-1.05%	-13.64%
EBITD margin	-	-7.47%
Return on average assets	-1.83%	-16.51%
Return on average equity	-2.07%	-27.10%
Employees	1,536

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Groupon (GRPN) jumps 23% on acquisition rumors

Groupon Inc (NASDAQ:GRPN) ended the week on a bang, as its shares are up almost 23 percent late on Friday afternoon.  This represented its greatest jump in six months and now rumors are swirling.

our GRPN Dec 22 '12   $5 Call

Last trade 0.25   Today's gain:  $0.20   or 400.00% 

Volume has stayed in its same trading range, reported Benzinga, but there’s speculation that there’s some short covering taking place, as there’s been as much as 12 percent of the float being sold short recently.

Options traders got in on the action as 12,000 call contracts had traded earlier on Friday vs. the less than 2,500 puts. The option of choice was the Jan 2013 5 call. It was the most actively traded strike with 2,025 contracts exchanged at one point.

But Bloomberg has a more interesting take on Friday. First, it posted a video headline that discussed Tiger Globe hedge fund taking a 9.9% stake in Groupon. This was old news from November.

Then it put out a story that Google Inc (NASDAQ:GOOG) could be a possible suitor for the company.