Shares in US voucher firm Groupon have fallen 17% in after-hours trading after its third quarter revenues fell short of analysts' forecasts.
Revenues for the July-to-September period were $569m (£356m), up 32% from a year earlier, but still below Wall Street expectations of about $590m.
The company reported a net loss of $3m (£1.9m) for the quarter.
"Our solid performance in North America was offset by continued challenges in Europe," said chief Andrew Mason.
After Groupon's results were released, the firm's shares fell to a record low of $3.25 in after-hours trading, having closed at $3.92 on Thursday.
Groupon offers coupons to its subscribers, which give them discount deals that are available that day only on anything from restaurant meals to spa treatments.
The company's shares started trading at $20 when it listed on the stock market in November last year.
However, the shares have fallen sharply as analysts have expressed concern over the firm's business model.
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