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Wednesday, February 14, 2018

=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).

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