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Retailmenot Announces Third Quarter 2015 Financial Results

The following excerpt is from the company's SEC filing.

In-Store + Advertising Net Revenues grew 91% over the prior year period

Mobile Online Transaction Net Revenues grew 55% over the prior year period

GAAP EPS of $0.01; non-GAAP EPS of $0.12

Adjusted EBITDA of $11.8 million; adjusted EBITDA margins of 23%

AUSTIN, Texas, November 3, 2015 RetailMeNot, Inc. (NASDAQ:SALE), the operator of the worlds largest marketplace for digital offers, today announced its financial results for the third quarter ended September 30, 2015.

Third Quarter Financial Results Highlights and Key Operating Metrics

All comparisons are made to th e third quarter of 2014 unless otherwise noted. Amounts may not compute due to rounding

Total net revenues declined 7% to $52.4 million.

In-store + advertising net revenues increased 91% to $11.8 million, representing 22% of total net revenues.

Mobile online transaction net revenues increased 55% to $4.9 million, representing 9% of total net revenues.

Desktop online transaction net revenues, which includes tablet, declined 24%, to $35.8 million, representing 68% of total net revenues.

Net revenues from international markets were $11.4 million, representing 22% of total net revenues.

GAAP net income was $0.3 million, compared to GAAP net income of $2.5 million.

Non-GAAP net income was $6.3 million, compared to non-GAAP net income of $9.1 million.

EPS was $0.01 per share, based on 53.7 million fully-diluted, weighted-average shares outstanding.

Non-GAAP EPS was $0.12 per share, based on 53.7 million fully-diluted, weighted-average shares outstanding.

Adjusted EBITDA was $11.8 million, compared to $16.7 million and representing 23% of total net revenues.

Total visits were 159.7 million, down 1%.

Mobile visits in the quarter increased 41% to 67.2 million, or 42% of total visits.

Desktop visits in the quarter declined 19% to 92.5 million.

Mobile unique visitors grew 28% totaling 18.6 million.

Im pleased with our performance on mobile online transaction and in-store and advertising net revenues, and adjusted EBITDA during the third quarter, said Cotter Cunningham, CEO & Founder, RetailMeNot, Inc. We believe our large and engaged audience coupled with our differentiated content types will position us well for future success, both online and in-store.

Business Outlook

Fourth Quarter 2015

Total net revenues are expected to be in the range of $74.0 to $76.0 million, or a decline of 14% at the mid-point.

Adjusted EBITDA is expected to be in the range of $25.0 to $27.0 million, or adjusted EBITDA margins of 35% at the mid-point.

Full Year 2015

The company is raising its previously issued guidance for the full year as follows:

Total net revenues are expected to be in the range of $240.0 to $242.0 million, or a decline of 9% at the mid-point.

Adjusted EBITDA is expected to be in the range of $66.0 to $68.0 million, or adjusted EBITDA margins of 28% at the mid-point.

The above statements are based on current expectations and actual results may differ materially as explained in Forward-looking Statements below. Information about RetailMeNots use of non-GAAP financial measures is provided below under the caption Use of Non-GAAP Financial Measures.

Quarterly Conference Call

RetailMeNot will host a webcast to discuss its third quarter 2015 financial results and business outlook today at 7:00 a.m. Central Time (8:00 a.m. Eastern Time).

A live webcast of the conference call can be accessed within the investor relations section of the RetailMeNot website at http://investor.retailmenot.com. This webcast will contain forward-looking statements and other material information regarding the companys financial and operating results. Additionally, in advance of the conference call, RetailMeNot will post third quarter 2015 Management Commentary that can be accessed via the link above.

Following completion of the call, a replay of the call will be available beginning at 9:30 a.m. Eastern Time on November 3, 2015 through February 5, 2015 at 11:59 p.m. Eastern Time. To listen to the telephone replay, call (877) 344-7529 within the US, or (412) 317-0088 if calling internationally. Access Code 10072357.

About RetailMeNot, Inc.

RetailMeNot, Inc. (http://www.retailmenot.com/corp/) operates the worlds largest marketplace for digital offers. The company enables consumers across the globe to find hundreds of thousands of digital offers for their favorite retailers and brands. During the 12 months ended September 30, 2015, RetailMeNot, Inc. experienced nearly 730 million visits to its websites, and during the three months ended September 30, 2015, RetailMeNot, Inc. averaged 18.6 million mobile unique visitors per month. In 2014, RetailMeNot, Inc. estimates $4.4 billion in paid retailer sales were attributable to consumer traffic from digital offers in its marketplace. The RetailMeNot, Inc. portfolio includes RetailMeNot.com, the largest digital offer marketplace in the United States; RetailMeNot.ca in Canada; VoucherCodes.co.uk, the largest digital offers marketplace in the United Kingdom; deals.com in Germany; Actiepagina.nl, a leading digital offers site in the Netherlands; ma-reduc.com, a leading digital offer site in France; Poulpeo.com, a leading digital offers site with cash back in France; and Deals2Buy.com, a digital offers site in North America. RetailMeNot, Inc. is listed on the NASDAQ stock exchange under the ticker symbol SALE. Investors interested in learning more about the company can visit http://investor.retailmenot.com.

Visits. RetailMeNot defines a visit as a group of interactions that take place on one of RetailMeNot Inc.s websites from computers, smartphones, tablets or other mobile devices within a given time frame as measured by Google Analytics, a product that...


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