Groupon's 2010 revenue topped $760 million

Groupon's 2010 revenue topped $760 million
Daily deal giant Groupon saw its revenue top $760 million in 2010, according to an internal memo, growing from $33 million in 2009.

Notably, $285 million of the revenue came from overseas, where Groupon continues to expand to new nations.

The memo was sent from CEO Andrew Mason to staff earlier this year and Mason also says he expects the company to hit "billions" in revenue in 2011.

Said the CEO (via WSJ):

By this time next year, we will either be on our way to becoming one of the great technology brands that define our generation, or a cool idea by people who were out executed and out innovated by others that were smarter and harder working.

Groupon rejected a gigantic $6 billion bid from Google late last year, and instead raised almost $1 billion from private investors during a round of funding.

The daily deal site now has 4000 employees, is available in 565 cities and has 51 million subscribers to its daily email.

Written by: Andre Yoskowitz @ 26 Feb 2011 1:54
Groupon Revenue 2010 Daily Deal Site
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