Groupon Announces Date for First Quarter 2024 Financial ResultsApril 30, 2024 9:01 AM EDT | Source: GrouponChicago, Illinois--(Newsfile Corp. - April 30, 2024) - Groupon, Inc. (NASDAQ: GRPN) announced today that it intends to release the company's first quarter 2024 financial results after the market closes on Thursday, May 9, 2024. The company will also host a conference call to discuss those results at 5:00pm ET.A webcast of the conference call can be accessed live at investor.groupon.com. A ...

The most recent trading session ended with Groupon (GRPN) standing at $11.67, reflecting a +1.74% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily gain of 1.02%. Meanwhile, the Dow experienced a rise of 0.4%, and the technology-dominated Nasdaq saw an increase of 2.03%.The the stock of online daily deal service has fallen by 14.02% in the past month, lagging the Retail-Wholesale sector's loss of 3.3% and the S&P 500's loss of 3.15%.Investors will be eagerly watching for ...

jbk_photography/iStock Editorial via Getty Images Amid elevated market volatility, oftentimes the best way to beat the index movements is to invest in contrarian plays that have little correlation with the broader market. This means digging deep into unloved, forgotten names that may not be the flashiest of the day, but have solid fundamentals against a reasonable valuation. Surprisingly, one of the names that fits this criteria well is Groupon (NASDAQ:GRPN), the once-popular deals site that has now bec ...

A downtrend has been apparent in Groupon (GRPN) lately with too much selling pressure. The stock has declined 39.5% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spo ...

Groupon (GRPN) reported non-GAAP earnings of 30 cents per share in fourth-quarter 2023, beating the Zacks Consensus Estimate of a loss of 11 cents per share. The company reported a non-GAAP loss of 38 cents per share in the year-ago quarter.Revenues of $137.72 million beat the consensus estimate of $135 million. The figure declined 7% on a year-over-year basis (down 8%, excluding the foreign exchange effect).Region-wise, North America revenues of $99.9 million beat the consensus mark by 2.9% but slumped 6% ...

As consumers splurge on gifts in spite of other budgetary cutbacks, Groupon is looking to capture this lucrative opportunity.The eCommerce marketplace shared on a call with analysts discussing its fourth-quarter and full-year 2023 financial results Friday (March 15) that, amid revenue declines, the company is targeting consumers’ gift spending to drive increases going forward.Interim CEO Dusan Senkypl noted that the first version of the company’s gifting offering drove a 50% year-over-year rise in gift orde ...

Financial Data and Key Metrics Changes - In Q4 2023, Groupon reported global billings of $436 million, a decrease of approximately 7% year-over-year, with revenue also declining by 7% year-over-year, but showing significant improvement compared to Q3 results [26][27] - Adjusted EBITDA was $27 million, marking the third consecutive quarter of positive adjusted EBITDA, while free cash flow was positive at $51 million, benefiting from Q4 holiday strengths [27][28] - The company ended the quarter with $142 million in cash and cash equivalents, including $42.8 million drawn on the revolver, alleviating previous going concern issues [28][36] Business Line Data and Key Metrics Changes - Local billings were $363 million, down 1% year-over-year, with North America local billings flat at $257 million, while international local billings decreased by 3% [29] - Travel category billings were $28 million, down 12% year-over-year, but North America travel showed growth of 4% year-over-year, indicating progress in the transformation strategy [29] - Goods category billings were $45 million, down 36% year-over-year, and this segment is becoming a smaller part of the business, now representing only 6% of Q4 revenues [30] Market Data and Key Metrics Changes - The company has approximately 16.5 million customers worldwide, a slight decrease of 0.5 million from the prior quarter [28] - The gifting initiative saw a significant increase, with December gift orders growing 67% year-over-year, indicating a strong market opportunity for last-minute giftable experiences [15][16] Company Strategy and Development Direction - Groupon is focusing on a transformation strategy aimed at becoming a leading destination for local experiences and services, with a strong emphasis on technology and customer experience [10][21] - The company is shifting from internal improvements to delivering projects that impact customers, including a new consumer front-end and enhanced gifting offerings [10][12] - There is a strategic focus on leveraging AI to improve sales efficiency and customer support, as well as enhancing the overall customer experience [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the transformation progress, noting that while challenges remain, the financial performance is expected to improve as new features and projects are rolled out [12][21] - The company anticipates a decline in revenues in the first half of 2024, with growth expected in the second half, contingent on the successful execution of ongoing projects [36][38] - Management emphasized the importance of building a sustainable business model that can thrive in various economic conditions, focusing on providing value to both consumers and merchant partners [24][25] Other Important Information - Groupon has successfully resolved its going concern issue through a combination of asset sales and a rights offering that raised $80 million, which was significantly oversubscribed [7][36] - The company is actively evaluating the monetization of non-core assets, which could generate additional liquidity [36] Q&A Session Summary Question: Thoughts on capital allocation priorities - Management indicated a focus on making the business sustainable and achieving long-term growth and positive cash flow [40][41] Question: User engagement and growth goals - Management highlighted the importance of the next-generation website and the potential for increased engagement through new features and gifting opportunities [42][43] Question: Supply side marketplace elements - Management discussed the focus on improving the onboarding process for suppliers and enhancing the sales process to grow business with existing merchants [47][49]

Groupon 4th Quarter Earnings Agenda Dusan Senkypl Interim CEO ● CEO Commentary ● Financial Overview Jiri Ponrt ● Guidance CFO ● Q&A Rana Kashyap SVP, Corp Dev & IR ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number: 1-35335 Groupon, Inc. (Exact name of registrant as specified in its charter) | --- | --- | |--------------------------------------- ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase ...