{"id":1153,"date":"2012-02-09T11:57:28","date_gmt":"2012-02-09T11:57:28","guid":{"rendered":"http:\/\/cleverduckmedia.com\/media\/wordpress\/groupon-report-bad-loss\/"},"modified":"2012-02-09T11:57:28","modified_gmt":"2012-02-09T11:57:28","slug":"groupon-report-bad-loss","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/groupon-report-bad-loss\/","title":{"rendered":"Groupon report bad loss"},"content":{"rendered":"


\nWorrying figures<\/p>\n

Groupon the daily voucher company reported a loss and the companies customers numbers are slipping.<\/p>\n

In its first set of results since listing on Nasdaq stock exchange in November, Groupon reported a net loss of $42.7m (\u00a327.0m), when a small profit had been expected. <\/p>\n

The loss for the last three months of 2011 compares with a loss of $378.6m in the same period of 2010. Shares in the company fell 13% in after-hours trading to $21.35, still above the listing price of $20.<\/p>\n

The number of people who bought a Groupon in the fourth quarter rose to 33 million, which was up 20% from the third quarter, but still below expectations.<\/p>\n

“The number of active customers came in short. That means not enough people are buying groupons,” said Sameet Sinha at B. Riley and Company.<\/p>\n

NEWS SPONSOR
\n\"Please<\/p>\n

“Yes, you can get fewer people to buy more, but how long can that continue? You need to start investing in new customer growth.”<\/p>\n

The net loss for the whole of 2011 was $350.8m, down from $456.3m in 2010.<\/p>\n

Groupon blamed the fourth quarter loss on $34.8m of tax expenses in some of its international businesses, where it said it had paid an effective tax rate of approximately 1,600%.<\/p>\n

It also said that it had made extra provisions for income tax after establishing its international headquarters in Switzerland.<\/p>\n","protected":false},"excerpt":{"rendered":"

Not good start to Groupon since listing on Nasdaq<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-1153","post","type-post","status-publish","format-standard","hentry","category-headlines"],"yoast_head":"\nGroupon report bad loss - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/groupon-report-bad-loss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Groupon report bad loss - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"Not good start to Groupon since listing on Nasdaq\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gaming-awards.com\/NEWS\/groupon-report-bad-loss\/\" \/>\n<meta property=\"og:site_name\" content=\"iGaming Post\" \/>\n<meta property=\"article:published_time\" content=\"2012-02-09T11:57:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gaming-awards.com\/Shufflemaster_com_Web-Banner.jpg\" \/>\n<meta name=\"author\" content=\"Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@igamingpost\" \/>\n<meta name=\"twitter:site\" content=\"@igamingpost\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/groupon-report-bad-loss\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/groupon-report-bad-loss\\\/\"},\"author\":{\"name\":\"Staff\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#\\\/schema\\\/person\\\/38b848f26341d94a3f6b1f5d9642234c\"},\"headline\":\"Groupon report bad loss\",\"datePublished\":\"2012-02-09T11:57:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/groupon-report-bad-loss\\\/\"},\"wordCount\":136,\"publisher\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/groupon-report-bad-loss\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/gaming-awards.com\\\/Shufflemaster_com_Web-Banner.jpg\",\"articleSection\":[\"Headlines\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/groupon-report-bad-loss\\\/\",\"url\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/groupon-report-bad-loss\\\/\",\"name\":\"Groupon report bad loss - 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