Groupon reports better-than-expected revenue, still not profitable. But Groupon beat Wall Street revenue expectations with second quarter revenue of $756 million. And it posted a better-than-expected net loss of $6.8 million on a non-GAAP basis, or $0.01 loss per share.

Is Groupon profitable 2019?

This statistic shows Groupons global annual revenue from 2008 to 2020. As of 2020, the daily deal websites annual revenue amounted to 1.4 billion U.S. dollars .Global revenue of Groupon from 2008 to 2020 (in million U.S. dollars)CharacteristicRevenue in million U.S. dollars20201,416.8720192,218.9220182,636.7510 more rows

Do companies hate Groupon?

According to the article, 70% of small-business owners hate Groupon. This is according to a survey by iContact. In essence, your business is being bought and sold as a commodity. One hair cut, one plate of food, one “Item A” at a time without any differentiation other than how low you can make your price.

When did Groupon become profitable?

From January 2010 through January 2011, Groupons U.S. monthly revenues grew from $11 million to $89 million. Consolidated revenue for the full year 2014 reached nearly $3.2 billion. In October 2010, Yahoo! was rumoured to have offered over $3 billion to acquire Groupon.

Why did Groupon stock fall?

Shares of Groupon (NASDAQ: GRPN) were down 6.9% at 12:20 p.m. EDT on Tuesday, after Ascendiant Capital Markets cut its price target on the stock from $70 to $40.

Who is the CEO of Groupon?

Aaron Cooper (Mar 25, 2020–) Groupon/CEO

Is a Groupon good on the day it expires?

Groupons should be usable for promotional value all the way up to the end of the business day on your expiration date. If you have any trouble, please email support@groupon.com!