Boston, MA 02/24/2014 (wallstreetpr) – Groupon Inc. (NASDAQ:GRPN) has reported its fourth quarter results that beat consensus estimates with earnings per share coming in at 4 cents at the back of total revenues of $768.4 million, that was an increase of 20% compared to the same quarter a year ago. Analysts had projected revenues of $718 million for the quarter. Full year revenue came in at $2.6 billion.
Q4 results analysis
Fourth quarter billings for the quarter was up by 5% coming in at $1.6 billion with a billing of $5.8 billion for the full year. Adjusted EBITDA came in at $72 million for the fourth quarter and $286.7 million, with an operating income of $47.9 million and $197.2 million for the full year. The impressive results for the quarter and full year was positively impacted by the holiday frenzy that resulted in increased sales.
Mobile business continued to scale heights during the quarter and full year as world wide mobile transactions continued to grow. Groupon Inc. (NASDAQ:GRPN)’s daily deals for the quarter increased by 11% in North America alone and 9% across Europe and the Middle-east. Groupon as of the close of business on December 31, 2013 had a total of 80,000 active deals in North America compared to 65, 000 for the same period a year ago.
The fourth quarter also saw Groupon Inc. (NASDAQ:GRPN) buying back a total of 3.7 million shares at a price of $10.26 a share while it also competed the acquisition of LivingSocial Korea for $100 million.
Groupon Q1 guidance
Groupon Inc. (NASDAQ:GRPN) has provided positive guidance for the first quarter that beat consensus estimates, as it expects revenues to be in the range of $710-760 million against street estimates of $669 million. EBITDA according to the company should come in between $20 and $40 million against street estimates of $97.1 million.
Groupon Inc. (NASDAQ:GRPN) slumped in Friday trading session dropping by a high of 21.88% to close the week at a low of $8.03.
