Groupon Grew Even Faster Than Estimated In 2010

Groupon

Groupons’ revenue in 2010 totaled an astounding $760 million, up from $33 million in 2009, according to a memo obtained by the WSJ that CEO Andrew Mason sent to staff. That’s above the estimates of many analysts, some of whom put the company’s 2010 revenue at $600 million when it was being pursued by Google (NSDQ: GOOG) in the fall. Of the $760 million total, $280 million came from the company’s international operations.

Next year, the daily deals site, which is expanding aggressively abroad, is projecting “billions” in sales. All of that growth explains why the company’s valuation is growing seemingly by the week — and why it’s already reportedly plotting an initial public offering.

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