InMobi: Smartphone Ad Impressions Up 488% In 2011, Tablets Up 771% AllTrails Partners With National Geographic, Launches Redesigned, Co-branded Website GroupShot Launches Impressive Face-Swapping, Photo Editing App For iPhone Instant Messaging Service Launches Real-Time Social Network Young Polling Startup Pollbob Acquires Older Site Misterpoll Hulu To Debut Its First Original Scripted Show "Battleground" Next Month TinyProj Shuts Down, Users Sent To TechStars Grad GroupTalent Instead Apple Releases List Of Its Suppliers, Discloses Labor Violations 4Mads Launches New Adtech Startup For DIY Online & Mobile Ads iCloud''s App Search Engine: A First Step To A Cloud-Enabled Phone Virtru''s new API brings encryption tech built by ex-NSA engineer to third-party developers Nvidia launches colossal HGX-2 cloud server to power HPC and AI Nintendo''s Wii MotionPlus enhances Wiimote sensitivity Contest: Doom at 10,000 feet Most popular posts for Friday, July 11th Oops! Technical difficulties. We''re back, though Yum: legume-shaped speakers for your pPod Seattleites, go to Sub Pop''s music festival for me and Zune it up Original flavor Eee PC for ¥100, no gaijin please Hot new render of RED''s Scarlet! Garmin''s new GPS line: the Oregon, several flavors available Good Old Games porting and selling awesome old DOS games Seagate drops a 1.5TB Barracuda HDD Most popular posts for Wednesday, July 9 The Vigor Colossus desktop powerhouse PC: it''s as manly as it sounds Nvidia committing to newfangled 55nm process OCZ make-a special RAM for your gaming lap-a-top New Wolfenstein to breach the surface at E3? Most popular posts for Tuesday, July 8th Dell lays off 700, website now full of price mistakes CrunchDeals: 25% off Skagen watches The Nook gets Pandora, web browser, Facebook apps Are U.S. Drones Really Being Watched With a Simple "Satellite Internet Downloader?" Thursday Giveaway: A Nooka Accessory Selection Psystar is approximately over AT&T to Fake Steve: Go on, punk, make my day Apple approves a chintzy video app for older iPhones CrunchDeals: Holiday Usenet deals Thanko USB Radio tunes in horse races, presumably Tokyo Giveaway: Olive No 4 Hi-Fi Digital Stereo Get you a CIA Rolex Israeli airport security shoots a defenseless MacBook Operation Chokehold will blow up AT&T on Friday Welcome to Bag Week! Scrollsy Is A Scrollable, Pinterest-Like Version Of Etsy Source Code Marketplace Binpress Adds Github Integration MoPho''s New App Lets You Order Photo Prints & Products Via Your iPhone Rdio Expands To Germany Google Drive Is 404''ing Now, Gets A Blank Support Site, Robots.txt Vodio Brings Personalized Video Recommendations To The iPad

Groupon is buying LivingSocial, plans to downsize business to 15 markets from 27

当前位置: 艾金森 > 门户 > 新闻

点击量 4
编辑: 1   作者: Techcrunch   时间: 2018/11/13 2:31:10  

Some significant consolidation is going down in the world of daily deals - going down being the operative phrase?here. Today, Groupon announced?it would acquire LivingSocial, its onetime big rival?that was partly owned by Amazon, for an undisclosed sum. Lest you think that this is a power move made by companies at their peak, think again: the news comes as a quiet sidenote in?Groupon's Q3 earnings results, which?beat analysts expectations on revenue of $720.5 million and earnings per share of -$0.01, but showed a continuing net loss for the company, of $35.8 million for this last quarter.

Groupon today also said it plans more downsizing of its overall business, on top of the?several closures and layoffs of?the last few?quarters. In Q2 the company was operational in?27 markets; the plan will be to bring that down to 15. "We are pursuing strategic alternatives and other options to exit the remaining countries, which we expect will continue into 2017," the company noted.

The LivingSocial deal, which is expected to close in November 2016, is "not material" to Groupon's earnings, meaning it is small enough that Groupon does not have to disclose the price.

This is a whimper of an ending for LivingSocial, which once competed hard against Groupon for both merchants to list deals for their?goods and services, and consumers to buy those offers.

The company had raised an eye-watering $928 million in venture funding over the years, including notable investment from Amazon, and it spent much of that funding aggressively trying to expand. It failed to find a sustainable market for its platform, and went through several rounds of restructuring and pivoting, leading to today's final deal.

Groupon has fared only somewhat better. As demand for daily deals fell off drastically, the company has tried to spin one idea after another in areas like mobile commerce and building out specific vertical businesses, for example around restaurants and travel. It even looked to capitalize on LivingSocial's downsizing at times, for example when it?acquired TicketMonster assets from its rival?in Korea in a bold Asia play, only to sell them off again?just over a year later.

The company continues to quietly work on rebuilding its business and points to underlying signs that there is a market for its brand and its role in offering customers more offers from merchants local to them. The company says it added 1.2 million customers in the last quarter and posted gross billings of $1.43 billion.

"Our strategy continues to deliver results with double-digit growth in North America local billings and our highest quarter for customer acquisition in over three years," said Groupon CEO Rich Williams. "We are looking forward to a strong finish to the year and further progress on our mission to make Groupon a daily habit for consumers."

However, trends are not going in the right direction right now. Those gross billings are actually down 2 percent on a year ago, and gross profit of $314.1 million was also down on $328.9 million from a year ago, weighed down by international.