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Groupon 10% lower after Q4 profits miss

Published 02/14/2018, 09:26 AM
© Reuters.  Groupon 10% lower after Q4 profits miss
GRPN
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  • Groupon (NASDAQ:GRPN) is 9.6% lower premarket after posting Q4 earnings that saw a dip in revenues and profits that missed Street expectations despite record EBITDA.
  • Direct revenues fell by double digits even as marketing expenses rose.
  • Net income from continuing operations swung to a gain of $51.1M from a year-ago loss of $39.5M. EBITDA hit a quarterly record of $105.3M, up 31%.
  • Global units sold fell 6% to 54.6M as the company worked to maximize gross profit (which rose 10% to $386.9M).
  • Revenue breakout: Third-party and other, $346.6M (up 8.8%); Direct, $526.6M (down 10.2%).
  • Operating cash flow was $270.6M, and free cash flow was $255.1M.
  • For 2018, it's guiding to EBITDA of $260M-$270M, light of consensus for $271.7M.
  • Conference call to come at 10 a.m. ET.
  • Press release
  • Now read: 2 Consumer Stocks With Big Potential Upside


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