Groupon suffers deficit in third quarter and appoints new CEO

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US Groupon released its third quarter earnings till September 30, 2015 on Tuesday.

The report showed that Groupon’s revenue in the third quarter reached $713.6 million, while it achieved $714.3 million in the same period of last year. The net deficiency of common shareholders is $27.6 million, while it was $21.2 million in the same period of last year.

Groupon board of directors announced it appointed Rich Williams as its new CEO and director on Tuesday as well. The appointment took effective immediately.

Rich Williams took over the job from Groupon’s co founder Eric Leftkofsky who had worked as CEO since August,2013. Lefkofsky will hold a post of chairman of board of directors. Its current chairman Ted Leonsis will be appointed as lead independent director.

Groupon’s third quarter worldwild sales units increased by 1%, reaching 52 units. The sales units in north America increased by 11% in the third quarter, while the ones in Europe, Middle East and Africa increased by 1%. The global sales units declined 23% in comparison with the same period of last year.

Groupon’s global active volume of transaction in the third quarter was 570,000 times, while the one in North America was 290,000 times. Its global active consumers increased by 4% that quarter, reaching 48.6 million people.

The average transaction for each person was $ 132 in the past 12 month, while it was $ 137 in the same period of last year.

Groupon countered purchase 44,149,663 class A common shares in the third quarter, valuing $192.9 million. The integrated EBITDA will be valued between $40 million and $ 60 million, each share will profit between $-0.01 and $0.01.

 

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