Groupon Revenue Growth: From 3.3 Million To 878 Million in 2 Years

August 11, 2011 3:19 am

We spotted this today:

“The updated financial details show that Groupon increased revenue from $3.3 million in Q2 2009 to $878 million in the second quarter of 2011, while net income swung from $21,000 for the second quarter of 2009 to a staggering net loss of $102.7 million for the second quarter of 2011.

The reported net loss is in line with the first quarter of 2011 but nearly triple the $36 million loss from Q2 2010. Groupon hired more than 1,000 employees in the 3-month period – growing its sales force to more than 4,800 people – which caused a serious bump in ‘general and administrative expenses’.”

Statistics Source: TC

We have written about Groupon math and Groupon’s next big idea before.

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