Consumers are more frugal than ever, even when shopping for romantic gifts. Thus, the appeal of RetailMeNot (SALE), the world’s largest digital coupon marketplace, which is growing by leaps and bounds. This $2.1 billion company went public in July of 2013 and gets high scores from consumers for its coupons and deals at a wide range of retailers.
RetailMeNot recently reported fourth-quarter net revenue rose 55% to $78.5 million from a year earlier, and net income for the quarter climbed 79% to $13.8 million. After announcing the stellar results, SALE’s share price soared 15% in one day. The stock is up 45% year-to-date.
For full-year 2013, RetailMeNot’s total sales of $209.8 million were up 45% compared to 2012, while mobile revenues jumped 213% to $26.6 million. In 2013, more than 13.7 million apps had been downloaded internationally, including RetailMeNot, VoucherCodes and Poulpeo. Over the quarter, the company’s mobile app sessions totaled 116.5 million, nearly seven times the fourth quarter a year earlier.
RetailMeNot, Inc. had more than 500 million visits to its websites in the past year; it operates properties in the U.S., Canada, United Kingdom, Germany, the Netherlands and France.