Stock Monitor: Bitauto Holdings Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 15, 2018 / If you want access to our free earnings report on Groupon, Inc. (NASDAQ: GRPN), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=GRPN. The Company reported its first quarter fiscal 2018 operating and financial results on May 09, 2018. The online daily deal service provider outperformed top- and bottom-line expectations. Additionally, the Company raised its adjusted EBITDA guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Bitauto Holdings Limited (NYSE: BITA), which also belongs to the Technology sector as the Company Groupon. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=BITA

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Groupon most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=GRPN

Earnings Highlights and Summary

For the first quarter of the fiscal year 2018, Groupon?s revenues were $626.5 million, down 7% compared to $673.6 million in Q1 2017, reflecting the Company?s continued focus on revenue generation that maximizes gross profit. Groupon?s revenue numbers beat analysts? estimates of $604.6 million.

During Q1 2018, Groupon?s gross profit was $324.9 million, up 5% compared to $309.5 million in Q1 2017, led by a growth in its International segment. The Company?s selling, general, and administrative expenses (SG&A) declined 4% to $222.1 million on a y-o-y basis in the reported quarter, as Groupon continued to focus on operational efficiency.

Groupon?s net loss attributable to common stockholders was $6.9 million, or $0.01 loss per diluted share, in Q1 2018 compared to a net loss of $24.4 million, or $0.04 loss per diluted share, in Q1 2017. The Company?s non-GAAP net income attributable to common stockholders was $16.2 million, or $0.03 per diluted share, in the reported quarter compared to $5.2 million, or $0.01 per diluted share, in the year earlier same quarter, and ahead of Wall Street?s estimates for breakeven on a per share basis.

For Q1 2018, Groupon?s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) were $52.6 million, up 17% from $44.8 million in Q1 2017.

Operating Results

During Q1 2018, Groupon?s global units sold declined 7% to 42.4 million, as the Company continued to manage its business to maximize gross profit, which, in some instances, resulted in fewer units.

For Q1 2018, Groupon?s units in its North America segment fell 11% on a y-o-y basis, with a significant portion of that decline due to the Company?s focus on long-term gross profit optimization in Goods as well as its continued scaling of Groupon+ and the sale of certain OrderUp assets that occurred in H2 2017.

Groupon?s North America segment?s gross profit fell 1% to $219.7 million in Q1 2018. The segment?s Local unit?s gross profit decreased 2% to $166.8 million. The segment?s goods gross profit increased 1% to $36.9 million in the reported quarter, while its Travel unit?s gross profit increased 6% to $16.0 million. As of March 31, 2018, the segment?s active customers were 32.6 million, and trailing twelve-month gross profit per active customer increased 1%.

During Q1 2018, Groupon generated positive results in its International segment as the Company advanced its product, supply, and marketing initiatives. The Company?s International segment?s gross profit increased 19% to $105.2 million on a y-o-y basis in the reported quarter. The segment?s gross profit increased 19% in its Local unit; 26% in its Goods unit; and 6% in its Travel unit. As of March 31, 2018, the segment?s active customers increased to 17.0 million, and trailing twelve-month gross profit per active customer rose 9%.

Cash Matters

For the trailing twelve-month period as of Q1 2018, Groupon?s operating cash flow was $148.9 million, while its free cash flow was $83.7 million.

As of March 31, 2018, Groupon?s cash and cash equivalents were $725.9 million, and the Company had no outstanding borrowings under its $250 million revolving credit facility. In May 2018, the Board of Directors approved a $300 million share repurchase authorization.

Outlook

Groupon raised its outlook for 2018, which reflects current foreign exchange rates and the Vouchercloud acquisition, which the Company expects to contribute $5 million to $6 million to adjusted EBITDA for FY18.

For the full fiscal year 2018, Groupon is forecasting adjusted EBITDA to be in the band of $280 million and $290 million compared to the previously provided range of $260 million and $270 million.

Stock Performance Snapshot

June 14, 2018 - At Thursday?s closing bell, Groupon?s stock advanced 2.21%, ending the trading session at $4.62.

Volume traded for the day: 8.67 million shares, which was above the 3-month average volume of 7.65 million shares.

Stock performance in the previous three-month period ? up 1.54%; and past twelve-month period ? up 46.67%

After yesterday?s close, Groupon?s market cap was at $2.56 billion.

Price to Earnings (P/E) ratio was at 82.50.

The stock is part of the Technology sector, categorized under the Internet Information Providers industry. This sector was up 0.8% at the end of the session.

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