Groupon Inc., the online deals service, failed to show investors on Thursday that its business is growing as quickly as they would like, as it was hurt by what it called “continued challenges” from the economic weakness in Europe.
The company booked a small loss in the third quarter as higher revenue wasn’t enough to make up for stock compensation and other expenses.
Groupon’s net loss was $3 million, or a break-even per share, in the July-September period. A year ago it lost $54.2 million, or 18 cents per share.
Revenue grew to $569 million, below Wall Street’s expectations of $591 million as surveyed by FactSet. Groupon had forecast revenue of $580 million to $620 million.