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Groupon beats revenue estimates

February 8, 2012: 4:05 PM ET

Groupon impresses in its first earnings report as a public company.

Groupon (GRPN) today reported better-than-expected revenue today, in its first quarterly report since going public last November.

The Chicago-based daily deals company reported $506.5 million in Q4 2011 revenue, compared to $172.2 million in the year-earlier period. Revenue also rose 18% quarter-over-quarter, with Q1 2012 revenue guidance of between $510 million and $550 million.

. Gross billings rose 201% year-to-year, to $1.25 billion for Q4 2011.

Despite the top-line merriment, however, earnings-per-share were a disappointing negative 3 cents per share, compared to consensus estimates of positive 2 cents per share. That likely explains why the stock is down around 15% in aftermarket trading. Or maybe that's simply a reflection of the fact that Groupon shares had spike more than 20% over the past couple of weeks.

Earnings call is scheduled to begin shortly. Should be interesting to see if CEO Andrew Mason is answering questions, given his penchant for going way off script.

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Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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