Groupon Turns To Profit In Q4, But Stock Down

(RTTNews) - Groupon Inc. (GRPN) reported that its fourth-quarter net income attributable to common stockholders was $47.7 million or $0.08 per share, compared to a loss of $52.59 million or $0.09 per share in the prior year.

Non-GAAP net income attributable to common stockholders was $42.7 million or $0.07 per share for the latest-quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.09 per share. Analysts' estimates typically exclude special items.

In the Wednesday's pre-market trade, GRPN is trading at $4.77, down $0.43 or 8.27%.

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.

Revenue was $873.2 million in the fourth quarter 2017, down 4% or 6% FX-neutral from $904.9 million in the fourth quarter 2016 reflecting continued focus on maximizing gross profit, including the shift toward offerings in our higher margin, more differentiated Local category, from Goods category. These strategic actions are expected to continue to create a headwind for revenue. Wall Street expected revenues of $852.81 million.

For the full year 2018, Groupon expects Adjusted EBITDA to be between $260 million and $270 million.