Groupon Q2 Loss Widens; Issues Q3 Outlook - Quick Facts

(RTTNews) - Groupon, Inc. (GRPN) reported second-quarter net loss attributable to the company of $22.9 million or $0.03 per share, wider than $7.6 million or $0.01 per share in the year-ago quarter.

Excluding items, adjusted earnings for the latest second quarter were $0.01 per share.

Revenue for the second quarter rose 23.5% to $751.58 million from $608.75 million a year earlier. North America revenue increased 12.4%, EMEA increased 42.3% and Rest of World increased 39.6%.

Analysts polled by Thomson Reuters expected the company to earn $0.01 per share on revenue of $761.80 million for the second quarter. Analysts' estimates typically exclude special items.

Looking forward to the third quarter, Groupon expects adjusted earnings per share in the range of $0.00 to $0.02 and revenue of $720 million to $770 million. Analysts currently expect the company to earn $0.03 per share on revenue of $760.62 million for the third quarter.