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June 3, 2011 01:00 am GMT
Groupon finally filed for its IPO today and now we can see it's finances laid bare. Groupon has been growing at an astounding rate. Last year, it's revenues grew more than 22,000 percent to $713 million. And in the first quarter of 2011 alone, it nearly matched all of its revenue from last year with $644 million in sales, up 13,575 percent from a year ago. If you annualize Groupon's first-quarter numbers, you get a revenue run rate of $2.6 billion for 2011, and that is not even factoring in any growth in subsequent quarters. So the $3 billion to $4 billion estimates that were thrown out a while ago for 2011 revenue look very achievable.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/9QIxDP3uqts/
Groupon's IPO Filing Reveals Incredible Growth And $2.6 Billion Revenue Run-Rate (Charts)
Groupon finally filed for its IPO today and now we can see it's finances laid bare. Groupon has been growing at an astounding rate. Last year, it's revenues grew more than 22,000 percent to $713 million. And in the first quarter of 2011 alone, it nearly matched all of its revenue from last year with $644 million in sales, up 13,575 percent from a year ago. If you annualize Groupon's first-quarter numbers, you get a revenue run rate of $2.6 billion for 2011, and that is not even factoring in any growth in subsequent quarters. So the $3 billion to $4 billion estimates that were thrown out a while ago for 2011 revenue look very achievable.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/9QIxDP3uqts/
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