Groupon Skyrockets 18% Off Earnings Beat, EBITDA Guidance Raise And North American Customer Data

Groupon Inc GRPN shares are up over 16 percent after hours amid an earnings and revenue beat for the fourth quarter. Earnings were $0.04 per share above Wall Street's breakeven estimates, while revenue were $917.2 million above $845 million consensus.

Groupon added that it sees full year 2016 revenue between $2.75 billion and $3 billion versus estimates of $2.97 billion.

According to a company spokesperson, Groupon delivered record Black Friday and Cyber Monday results and has now grown North American operations by double-digit percentage points in eight straight quarters.

From the same time last year, North American billings grew 11 percent, which is where "growth efforts are being concentrated," Groupon said.

Customer Adds Strong, Earnings Guidance Raised

Active North American customers hit 25.9 million, while worldwide active customers grew to 48.9 million, a growth of 3 percent year-over-year. Fourth quarter North American customer additions were the most in five quarters, while Groupon active deals were up 97 percent including coupons.

Going forward, Groupon set it's looking for "accelerated growth" in 2016, focusing on customer acquisition, streamlining global operations and reducing reliance on low-margin products. The company raised its full year adjusted EBITDA outlook to between $80 million and $130 million, and said it continues to expect revenue between $2.75 billion and $3.05 billion.