Andrew Linden
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Nobody Has Expected It From Groupon

Groupon released their earnings numbers and the stock soars more than 25% this morning. Everybody is really surprised with it, because lots analysts were saying that Groupon's business is dead. Here is what they reported:

  • Gross billings of $1.49 billion
  • Revenue of $756.0 million
  • Net Loss of $51.7 million
  • Adjusted EBITDA of $34.0 million
  • GAAP loss per share of $0.10; non-GAAP loss per share of $0.01
  • Operating Cash Flow of $112.1 million for the trailing twelve month period; Free Cash Flow of $32.5 million for the trailing twelve month period
  • Fiscal year 2016 revenue guidance of $3.0 billion to $3.1 billion and 2016 Adjusted EBITDA guidance of $140.0 million to $165.0 million

Check the net income line in their P&L. Are you still positive on Groupon? They just beat analysts estimates, but their business is really done.