Groupon third quarter loss appointment COO Williams for CEO

sina science and technology news Beijing time on November 4th morning news, the U.S. giant Groupon today announced the 2015 fiscal year third quarter earnings. The report shows that Groupon third quarter revenue of $713 million 600 thousand, compared with the same period last year was essentially flat; net loss of $27 million 600 thousand, compared to a net profit of $21 million 200 thousand for the same period last year. At the same time, Groupon also announced the appointment of the COO (COO) Ricci · Williams (Rich Williams) CEO, succeeding Eric · lefkofsky (Eric Lefkofsky) position.

in this quarter, Groupon’s net loss was $27 million 600 thousand, a loss per share of 4 cents, this performance is less than last year. In the third quarter of fiscal year, Groupon’s net profit was $21 million 200 thousand, earnings per share of $3. Excluding certain one-time items (not in accordance with GAAP), Groupon adjusted earnings per share for the third quarter was $5, down from $10 a year earlier. Groupon third quarter revenue of $713 million 600 thousand, compared with the same period last year fell by 0.1%, excluding the impact of exchange rate changes were an increase of 8%.

Groupon had expected the company’s third quarter earnings per share of $0 to $2, revenue of $700 million to $750 million.

Groupon third quarter gross income (ie, after tax and refund of the purchase transaction value) was $1 billion 470 million, down 1.5% over the same period last year, excluding the impact of changes in the exchange rate was up by 6%. Among them, the North American business gross billing revenue grew 12%, but in Europe, Middle East and Africa fell 15%; at the same time, the rest of the world (Asia) business billing revenues also fell 19%.

Groupon in the third quarter of active users (in the past 12 months to buy a group purchase transactions or users of the product) for the number 48 million 600 thousand, compared to 46 million 600 thousand last year, the second quarter of 48 million 600 thousand.

for the current quarter, Groupon forecast earnings per share will be -1 cents to 1 cents, to $865 million in revenue of $815 million, compared with analysts on average expected earnings of 7 cents per share on revenue of $956 million 800 thousand.

in September this year, Groupon executives said it will cut 1100 employees this year, the company’s total number of employees in the proportion of about 10%, which is part of its latest recovery plan.

Leif koves Ki will serve as chairman of Groupon, served as chairman of the Ted ·, (Ted) will remain in the board of directors, as the chief independent Leonsis >

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