On Thursday Groupon filed for an IPO with the SEC and with that, have made their financial performance figures public ("Groupon Files For $750 Million IPO; Lost $413 Million In 2010").
"Groupon gross revenues in 2010 were $713.3 million with gross profit of $279.9 million. According to the S-1, Groupon has almost reached that gross revenue in 2010 in the first quarter of 2011 with revenue of $644.7 million and gross profit of $270 million."
The registration statement contains a good amount of interesting information on the Groupon business model as well as numbers which track their business development since the beginning of 2009 (revenues, members, customers, etc.):
Already now, Groupon is generating 54% of their gross revenues outside of the USA.
The S-1 filing also shows that the big financing rounds of the last months have been primarily used to pay out old investors ("Where Did Groupon’s Billion Dollars Go?").
Related posts:
- Groupon Now! and the Mobile Future
- Is Groupon Developing in the Right Direction for the Long Term?
- On The Way To $950 Million: Groupon Raises $500 Million With $345 Million Going To Cash Out Insiders
- Groupon Stays Independent and Everyone Gains
- Is Groupon Putting Too Much Pressure on its Merchants?
Originally posted in German by Jochen Krisch, adapted for excitingcommerce.com by Jason Soo.
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