Groupon Announces $197 Million Financing TransactionNovember 12, 2024 4:57 PM EST | Source: GrouponChicago, Illinois--(Newsfile Corp. - November 12, 2024) - Groupon, Inc. (NASDAQ: GRPN) announced today that it has entered into privately negotiated agreements with certain of the holders (the "Offering Participants") of its existing 1.125% Convertible Senior Notes due 2026 (the "2026 Notes") to (i) exchange an aggregate principal amount of $176,260,000 of 2026 Notes for an aggregate principal am ...

Financial Performance - Groupon reported third quarter revenue at the low-end of guidance, while EBITDA exceeded the high-end of guidance [2] - International Local revenue declined by 13%, but excluding Italy, the decline was only 2% [2] Strategic Initiatives - The company announced a $197 million financing transaction to support its operations [2] - CEO Dusan Senkypl expressed optimism about the company's future, highlighting progress in platform transformation and customer experience [3] - New features such as gifting and video content have received positive responses, indicating potential for sustainable growth [3] Market Position - 100% of North America mobile web and desktop traffic is now on Groupon's new front-end platform, showcasing a significant technological advancement [2]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR | --- | --- | --- | |---------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------| | ☐ TRANSITIO ...

Groupon Reports Third Quarter 2024 Results Third Quarter revenue at the low-end of guidance and EBITDA above the high-end of guidance International Local revenue declined 13%. Excluding Italy, International Local revenue declined 2% 100% of North America mobile web and desktop traffic on our new front-end platform Announces $197 million financing transaction • Global revenue of $114.5 million • Global billings of $373.4 million • Net income of $14.5 million • Adjusted EBITDA of $14.8 million • Exited Q3 wit ...

Core Viewpoint - Groupon is expected to report a decline in revenues for the third quarter of 2024, with estimates indicating a year-over-year decrease of 5-10% [3][8]. Revenue Expectations - For Q3 2024, Groupon anticipates revenues between $114 million and $120 million, with a Zacks Consensus Estimate of $119.02 million, reflecting a 5.89% decline from the previous year [3]. - The consensus estimate for loss is set at 25 cents per share, compared to a loss of 12 cents per share in the same quarter last year [3]. Earnings Performance - In the last reported quarter, Groupon experienced a negative earnings surprise of 100% and has beaten the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 107.77% [4]. - Current indicators suggest that Groupon has an Earnings ESP of 0.00% and a Zacks Rank of 4 (Sell), which does not predict an earnings beat this time [5]. Growth Drivers - Solid momentum in the local category in North America is expected to drive growth, alongside efforts to enhance performance marketing channels and improve supply quality [6]. - Rising demand from enterprise customers and growth in the "things to do" vertical are anticipated to contribute positively to revenue [7]. Challenges - Sluggish performance in goods categories and a weakening international market are significant headwinds, with international revenue estimates at $29 million, indicating an 8.1% year-over-year decline [8]. - The goods revenue estimate stands at $4.56 million, reflecting a 33.5% decline from the previous year [9]. - Ongoing site stability issues related to cloud migration have adversely affected performance [8]. Competitive Landscape - Groupon operates in a highly competitive market, facing challenges from companies like Yelp, Rakuten, Travelzoo, and Wowcher [10]. - Market uncertainties, inflation, recession fears, and changing consumer spending patterns are expected to dampen near-term prospects [10]. Stock Performance - Year-to-date, Groupon's stock has declined by 14.6%, underperforming the Zacks Retail-Wholesale sector, which has returned 25.3% [11]. - The stock is trading at a forward P/E ratio of 29.26X, higher than the Zacks Internet - Commerce industry's 25.36X, indicating a stretched valuation [12]. Operational Considerations - Groupon's struggles in the competitive local commerce landscape raise concerns about sustainable growth, with a declining merchant base and waning consumer engagement [14]. - Recent cost-cutting initiatives may not sufficiently address fundamental challenges, as local merchants shift towards direct-to-consumer strategies [14].

Groupon (GRPN) closed the most recent trading day at $10.90, moving +1.63% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.74%.Heading into today, shares of the online daily deal service had gained 3.67% over the past month, outpacing the Retail-Wholesale sector's gain of 3.49% and the S&P 500's gain of 3.16% in that time.Investors will be eagerly watching for the performance of Groupon in its upcoming earnings disclosure. The company's earnings report i ...

Core Viewpoint - Analysts forecast that Groupon (GRPN) will report quarterly earnings of $0.06 per share, reflecting a year-over-year increase of 150%, while revenues are expected to decline by 5.9% to $119.02 million [1] Earnings Estimates - There has been no revision in the consensus EPS estimate for the quarter over the last 30 days, indicating stability in analysts' forecasts [2] - Revisions to earnings projections are crucial for predicting investor behavior and short-term stock performance [3] Revenue Projections - Total segment revenue for North America is projected to reach $90.21 million, showing a year-over-year decline of 5% [5] - Revenue from Local-International is expected to be $26.47 million, indicating a decrease of 1.6% from the previous year [5] - Total segment revenue for International is anticipated to be $29.00 million, reflecting an 8.1% year-over-year decline [5] Specific Revenue Metrics - Revenue from Goods-North America is projected at $2.90 million, down 23.8% from the year-ago quarter [6] - Revenue from Goods-International is expected to be $1.54 million, indicating a significant decline of 49.6% [6] - Revenue from Local-North America is forecasted to be $83.25 million, reflecting a year-over-year change of -6% [6] Stock Performance - Over the past month, Groupon shares have returned +3.7%, outperforming the Zacks S&P 500 composite's +3.2% change [7] - Groupon holds a Zacks Rank 2 (Buy), suggesting it is likely to outperform the overall market in the upcoming period [7]

The market expects Groupon (GRPN) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 12, 2024, might help the stock move higher if these key numbers are ...

Core Points - Groupon, Inc. announced the release date for its third quarter 2024 financial results, which will be after market close on November 12, 2024 [2] - A conference call to discuss the financial results will be held at 5:00 PM ET on the same day [2] - A live webcast of the conference call will be available on Groupon's investor relations website, with a replay accessible afterward [3] Company Overview - Groupon operates as a local marketplace where consumers can purchase services and experiences, aiming to provide value and enhance life experiences [4]

Groupon (GRPN) closed the latest trading day at $10.34, indicating a +0.73% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.41%. Elsewhere, the Dow saw an upswing of 0.69%, while the tech-heavy Nasdaq appreciated by 0.8%.The online daily deal service's stock has climbed by 12.87% in the past month, exceeding the Retail-Wholesale sector's loss of 1.22% and the S&P 500's loss of 0.97%.The upcoming earnings release of Groupon will be of great inter ...