earnings | Street Fight

Q3 Earnings Roundup: Shift to Mobile Presents Commerce Challenge for Yelp, Angie’s List, Groupon

Noah Elkin

Q3 Earnings Roundup: Shift to Mobile Presents Commerce Challenge for Yelp, Angie’s List, Groupon

Consumers are spending more time on their mobile devices than ever, a shift that is affecting both traditional and digital businesses. Recent earnings reports from Yelp, Angie’s List, and Groupon indicate that some of these publicly traded local mainstays are handling the transition better than others, particularly the rising challenge to effectively combine content, commerce, and services.

As Revenue Lags, Groupon Forks Over $260M to LivingSocial for Korean Deals Site

Steven Jacobs

As Revenue Lags, Groupon Forks Over $260M to LivingSocial for Korean Deals Site

In Eric Lefkofsky’s largest acquisition since stepping in as chief executive, Groupon has bought Korean Deals site Ticket Monster from LivingSocial for $260 million in cash and stock. The deal, which was announced during the company’s earnings call Thursday, comes as the company posted a wider-than-expected loss in the third quarter due to continued weakness in international markets as well as rapid slowdown in the growth of its goods business…

Yelp Hits 100 Million Uniques as Users Shift to Mobile

Steven Jacobs

Yelp Hits 100 Million Uniques as Users Shift to Mobile

Yelp reported mixed earnings on Wednesday as wider than expected losses tempered strong revenue growth in the fourth quarter. The reviews site brought in $41.2 million during the quarter, taking its annual revenue to $137.6 million for 2012. The overwhelming majority of its revenue growth came on the backs of local advertisers as brand spending remained flat…