Groupon - Statistics & Facts

Groupon is a daily deal website that enables users to digitally purchase vouchers and coupons at discounted rates. The website was launched in 2008 and its services, initially available in only a few selected cities in the United States, has grown both nationwide and internationally. It is currently the most popular discount and promo code website United States, connecting millions of subscribers with local merchants by offering activities, travel, goods and services worldwide. The company’s headquarters is located in Chicago, Illinois.

Groupon’s annual revenue for 2017 amounted to around 2.8 billion U.S. dollars. The company recorded a net income of about 26.6 million U.S. dollars in that same year with operating expenses of over 2.1 billion U.S. dollars in North America. As at the second quarter of 2018, Groupon had about 49.3 million active customers and Groupon’s trailing twelve months gross billings per average customer amounted to about 116 U.S. dollars. The majority of Groupon’s consolidated gross billings are generated locally through deals between local and other merchants as well as in local events. Groupon’s only direct competitor in the U.S. is LivingSocial, a similarly designed online marketplace. Groupon also competes indirectly with many of the major e-commerce companies such as Amazon.

The company has also more recently embraced the increasing reach of mobile couponing. In 2011, Groupon developed an online app for users of smartphones and tablets called “Groupon Now”. According to data for March 2018, 72 percent of all Groupon sales were conducted using a mobile device and in that same year, the number of downloads for Groupon’s mobile app reached 183 million.

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