In the latest market close, Groupon (GRPN) reached $9.78, with a -1.81% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.42%. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq added 0.38%.Prior to today's trading, shares of the online daily deal service had lost 28.19% over the past month. This has lagged the Retail-Wholesale sector's gain of 6.34% and the S&P 500's gain of 2.06% in that time.Market participants will be closely following the financial results ...

The most recent trading session ended with Groupon (GRPN) standing at $10.68, reflecting a -1.57% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 0.28% for the day. Elsewhere, the Dow saw an upswing of 0.15%, while the tech-heavy Nasdaq appreciated by 0.15%.The online daily deal service's shares have seen a decrease of 20.92% over the last month, not keeping up with the Retail-Wholesale sector's gain of 5.07% and the S&P 500's gain of 2%.The in ...

Shares of Groupon (GRPN) have gained 12.5% over the past four weeks to close the last trading session at $12.87, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $16.88 indicates a potential upside of 31.2%.The mean estimate comprises four short-term price targets with a standard deviation of $7.94. While the lowest estimate of $7.50 indicates a 41.7% decline from the current pri ...

The coupon platform is still not profitable.Groupon (GRPN -8.22%) stock has seen its shares collapse this week, according to data from S&P Global Market Intelligence. After reporting weak growth and more losses in the second quarter, Wall Street sold off the digital coupon platform's stock by over 30%. As of market close on Thursday, Aug. 1, Groupon is down 32% this week. It is off 97% from all-time highs set over a decade ago.Here's why Groupon stock was falling once again this week.Declining revenue, high ...

Find out why Groupon's stock took a hit today, and how the coupon marketer plans to overcome its challenges.Shares of Groupon (GRPN -11.65%) fell as much as 16.8% on Wednesday morning, hamstrung by a mixed second-quarter report with gloomy guidance for the next period.Groupon lowers full-year guidance amid tech issuesGroupon reported second-quarter revenue of $124.6 million, surpassing analyst expectations of $121.7 million. The bottom-line loss of $0.02 per share came in below Wall Street's consensus targe ...

Groupon (GRPN) reported a non-GAAP loss of 2 cents per share in the second quarter of 2024, wider than the Zacks Consensus Estimate of a loss of 1 cent per share. The company reported a non-GAAP loss of 10 cents per share in the year-ago quarter.Revenues of $124.6 million beat the consensus estimate by 2.4%. The figure decreased 3.5% on a year-over-year basis (down 3.4%, excluding the foreign exchange effect).Region-wise, North America revenues of $98.4 million beat the consensus mark by 7.4% and rose 2.6% ...

Key TakeawaysGroupon reported a surprise second-quarter net loss after the closing bell Tuesday.The stock fell sharply in premarket trading Wednesday, as analysts had projected Groupon to start reporting profitable quarters starting in Q2.CEO Dusan Senkypl cited performance issues with the Groupon website as a reason for the results. Groupon (GRPN) shares tumbled in premarket trading Wednesday, a day after the company reported an unexpected loss. The e-commerce platform reported a net loss of $9.4 million f ...

Financial Data and Key Metrics - Global Billings for Q2 2024 were $374 million, a 5% YoY decrease, while revenue was $125 million, a 3% YoY decrease, above the high-end of guidance [23] - Gross profit as a percentage of revenue remained at 90%, consistent with the prior quarter, and is expected to stay in the 88% to 90% range going forward [24] - Adjusted EBITDA was positive $16 million, marking the fifth straight quarter of positive adjusted EBITDA, with trailing 12-month adjusted EBITDA at $81 million [24] - Free cash flow for Q2 was positive $11 million, a $55 million improvement compared to Q2 2023, bringing trailing 12-month free cash flow to positive $30 million [25][29] Business Line Performance - North America Local revenues grew YoY, with active customers growing sequentially for the second straight quarter [6] - Consolidated Local Billings were $317 million, down 1% YoY, with North America Local Billings up 5% YoY to $244 million [26] - International Local Billings declined 17% YoY, primarily due to the pause in local voucher sales in Italy, which accounted for an 8% decline excluding Italy [26] - Travel Billings were $29 million, down 8% YoY, with North America Travel Billings growing 1% YoY, while International Travel Billings declined 27% YoY [27] - Goods Billings were $28 million, down 34% YoY, representing only 4% of Q2 revenues, with no near-term improvement expected [27] Market Performance - North America Local showed strong performance, driven by improved supply quality, enterprise merchant growth, and regionalization efforts [9][11] - International markets, particularly Italy, faced challenges, leading to the decision to exit the local business in Italy, incurring up to $7 million in pre-tax restructuring charges [34][35] Strategy and Industry Competition - The company is focusing on supply quality over quantity, curating high-quality deals, and enhancing deal presentation to improve performance per unique visitor [10] - Investments in marketing and sales are being ramped up, with marketing spend increasing to 32% of gross profit in Q2, achieving satisfactory ROI targets [16] - The company is modernizing its technology infrastructure, including cloud migration and a new front-end platform, to improve efficiency, stability, and agility [17][20] Management Commentary on Operating Environment and Future Outlook - Management acknowledged setbacks in July due to site stability issues related to cloud migration, impacting Q3 performance and leading to revised guidance [8][18] - Despite challenges, the company remains committed to its transformation plan, aiming to become the ultimate destination for local experiences and services [8] - Q3 2024 guidance includes revenues between $114 million and $120 million, a YoY decline of 5% to 10%, and positive adjusted EBITDA between $6 million and $11 million [31] Other Important Information - The company ended Q2 with $178 million in cash and cash equivalents, excluding $28 million of restricted cash [25] - Active customers worldwide were 16 million, down 0.3 million from the prior quarter, with North America active customers flat sequentially [26] - The company is exploring potential changes to payment methods and evaluating the monetization of non-core assets, which could generate proceeds of approximately $90 million [32][33] Q&A Session Summary Question: How was the company able to maintain high-end guidance despite the Q3 setback? [38] - The company cited a strong Q1 performance and ongoing investments in the SaaS organization in North America as reasons for maintaining guidance [39] Question: What drove the strong performance in June? [46] - The company attributed the strong June performance to improved conversion rates and the ability to scale marketing efforts effectively [47] Question: What is the current state of conversion rates and their potential for improvement? [48] - Conversion rates are estimated to be at 3 out of 10, with significant room for improvement, particularly in the checkout process [49] Question: What is the strategy for rolling out the new web and application platform? [50] - The focus is on ramping up the new platform in North America by Q4 2024, with international rollouts to follow [51] Question: What is the go-to-market strategy for new merchants? [52] - The company has separate teams for local and enterprise merchants, with a focus on regionalized market managers to curate high-quality deals [55] Question: What enabled the company to increase marketing investments? [62] - Improved supply quality, better deal curation, and enhanced conversion rates have allowed the company to ramp up marketing spend while maintaining ROI targets [63]

Groupon (GRPN) reported $124.62 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.5%. EPS of -$0.02 for the same period compares to -$0.10 a year ago.The reported revenue represents a surprise of +2.40% over the Zacks Consensus Estimate of $121.7 million. With the consensus EPS estimate being -$0.01, the EPS surprise was -100.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

Groupon (GRPN) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this online daily deal service would post a loss of $0.18 per share when it actually produced earnings of $0.06, delivering a surprise of 133.33%.Over the last four quarters, the company ...