What the? It can’t be… Did Groupon really just crush Wall Street’s expectations by reporting a profit and a bevy of other positive data? What does this mean?
It means nothing. Groupon is already known for its financial hocus pocus acts and like the magicians they are they just pulled a cute little accounting rabbit out of their hat.
However, Groupon is reporting a profit for the first time. The only question is can they repeat this feat of magic over and over again.
Groupon reports -
- $40 million of operating income?
- $70 million of free cash flow?
- $1.2 billion of cash?
- North American business is accelerating despite lower marketing costs?
Kudos Groupon. Keep up the good work.