A look at tech companies with recent IPOs

Aug 13, 2012 by The Associated Press

Groupon became the latest of the newly traded tech companies to report quarterly earnings. Zynga and Facebook reported quarterly earnings that disappointed investors, while Yelp and LinkedIn followed with stronger results. Groupon beat expectations on earnings, but disappointed investors on revenue.

Here's a look at earnings reports from some tech companies that had IPOs since last year. The companies are all loosely Internet-related, though their businesses vary widely.

— July 25: Zynga Inc. says it lost money and received less than anticipated in the second quarter because "CityVille," ''FarmVille" and other games are not attracting as many paying players as they should. Its stock tanked and dragged Facebook's shares as well because the social networking icon relies on Zynga for a good chunk of its revenue — 12 percent last year. Revenue fell below Wall Street forecast, while expenses grew. The company says the number of players increased only because it got more players from its acquisition of OMGPop, the maker of the mobile game "Draw Something." Zynga began trading on Dec. 16, 2011.

Angie's List Inc. reports that its losses are still piling up as the company spends more to lure people to its online business-review service and persuade them to pay to see ratings on everything from plastic surgeons to sewer cleaners. Angie's List began trading on Nov. 17, 2011.

— July 26: Facebook Inc. says revenue grew 32 percent to $1.18 billion in the second quarter, slightly above analyst expectations. It had a net loss of 8 cents per share, mainly due to stock compensation expenses following its IPO. Adjusted earnings of 12 cents per share matched Wall Street's expectations. weren't impressed and after a brief spike, Facebook's stock tumbled. It was Facebook's first report since public trading began on May 18, 2012. Facebook now has 955 million users, up about 50 million during the quarter.

— Aug. 1: Online review site Yelp Inc. reports a smaller net loss and sharply higher revenue than Wall Street expected, surpassing analysts at a time when many of its fellow freshly public Internet companies are taking a beating from investors. Its outlook was also better than anticipated. began trading publicly on March 2, 2012.

— Aug. 2: LinkedIn Corp.'s net income fell in the latest quarter as the professional networking site spent more money to grow its business. But revenue grew faster than expected, and the company raised its forecast for the year. began trading publicly on May 19, 2011.

— Aug. 7: Jive Software Inc., which makes -type social networks for businesses, reports a smaller loss and higher revenue. But the midpoint of its full-year guidance falls below analysts' expectations. It began trading on Dec. 13, 2011.

— Monday: Online deals website Groupon Inc. says its quarterly earnings beat Wall Street's profit estimates, but it underwhelmed analysts with sales growth hurt by unfavorable currency movements. A weaker euro and U.K. pound meant that sales made in Europe got converted back into fewer U.S. dollars. began trading publicly on Nov. 4, 2011.

Explore further: Amazon launches one-hour shipping in Manhattan

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Game maker Zynga stock tanks after weak 2Q report

Jul 25, 2012

(AP) — Zynga Inc. lost money and received less revenue than anticipated in the second quarter because "CityVille," ''FarmVille" and other games are not attracting as many paying players as they should.

Zynga posts 4Q net loss on IPO-related stock costs

Feb 14, 2012

(AP) -- Online game maker Zynga Inc. reported a net loss in the last three months of 2011, weighed by hefty stock-compensation expenses and other costs in its first quarter as a public company.

Facebook's first public quarter proves solid

Jul 26, 2012

(AP) — Facebook's first earnings report as a public company had solid numbers, but in the end it landed with a thud — much like its rocky initial public offering two months ago.

Groupon reports smaller 1Q loss, higher revenue

May 14, 2012

(AP) -- Online deals company Groupon Inc. posted a smaller net loss and sharply higher revenue in the first quarter, helped by increased demand from a growing customer base.

Recommended for you

'Interview' ordeal at Sony just its latest crisis

2 hours ago

How do you say "damage control" in Japanese? Sony Corp. is sealed within a hermetic cone of silence as executives try to prevent the slow motion train wreck at Sony Pictures from damaging the rest of the ...

Underfire Uber ramps up rider safety

19 hours ago

Uber is ramping up driver background checks and other security measures worldwide after the smartphone-focused car-sharing service was banned in New Delhi following the alleged rape of a passenger.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.