Groupon(US:GRPN)2025-11-06 21:19Financial Performance - Global revenue for Q3 2025 was $122.8 million, up 7% year-over-year[5] - Global billings reached $416.1 million, an increase of 11% year-over-year[6] - North America revenue was $96.0 million, up 11% year-over-year, with Local revenue at $91.6 million, up 12%[10] - Adjusted EBITDA for Q3 2025 was $17.5 million, compared to $14.8 million in the prior year[10] - Revenue for Q3 2025 was $122.825 million, a 7.3% increase from $114.479 million in Q3 2024[36] - Gross profit for Q3 2025 reached $111.836 million, compared to $102.895 million in Q3 2024, reflecting an increase of 8.9%[36] - Operating expenses totaled $109.642 million in Q3 2025, slightly up from $108.481 million in Q3 2024[36] - Total gross billings for Q3 2025 reached $319,107 million, reflecting a year-over-year growth of 16.0%[1] - Contribution profit for Q3 2025 was $55,962 million, showing a year-over-year growth of 14.0%[1] - Total gross profit for Q3 2025 was $87,708 million, which is a 12.8% increase from the same quarter last year[1] Customer Metrics - Active customers increased to 16.1 million, up 4% year-over-year, with 300,000 net new active customers added in the quarter[2][6] - Active customers increased to 16.1 million in Q3 2025, up from 15.8 million in Q2 2025[2] - Total consolidated units sold in Q3 2025 were 9,136, a slight increase from 9,117 in Q2 2025[2] - The total headcount decreased to 1,739 in Q3 2025, down from 1,814 in Q2 2025[2] Loss and Expenses - Net loss from continuing operations was $117.8 million, a significant decline from a net income of $14.5 million in the prior year[6] - The net loss attributable to Groupon, Inc. for Q3 2025 was $118.373 million, compared to a net income of $13.928 million in Q3 2024[36] - Basic net loss per share for continuing operations was $2.92 in Q3 2025, compared to earnings of $0.35 per share in Q3 2024[36] - The company reported a loss from continuing operations before income taxes of $96.534 million for Q3 2025, compared to income of $16.843 million in Q3 2024[36] - Marketing expenses were $41.4 million, representing 37% of gross profit, compared to 35% in the prior year[6] - The company incurred restructuring and related charges of $896 million in Q3 2024[46] Cash Flow and Assets - Operating cash flow from continuing operations was negative $20.5 million, and free cash flow was negative $24.6 million[10] - Free cash flow for Q3 2025 was $(24,588) million, indicating a 25.0% improvement compared to the previous quarter[1] - Total current assets as of September 30, 2025, were $314.219 million, a slight decrease from $315.361 million at the end of 2024[34] - Total liabilities increased to $667.564 million as of September 30, 2025, up from $571.639 million at the end of 2024[34] - Cash and cash equivalents stood at $238.451 million as of September 30, 2025, compared to $228.843 million at the end of 2024[34] - The company reported a net cash used in financing activities of $(3,275) thousand for the three months ended September 30, 2025, compared to $(691) thousand for the same period in 2024[38] - The total cash decrease for the three months ended September 30, 2025, was $(28,888) thousand, compared to a decrease of $(18,238) thousand for the same period in 2024[39] International Performance - International revenue was $26.8 million, down 3% year-over-year, primarily due to the divestiture of Giftcloud[10] - International segment total gross billings decreased by 1.3% year-over-year to $97,005 million in Q3 2025[1] Depreciation and Other Expenses - The company reported a depreciation and amortization expense of $3,940 thousand for the three months ended September 30, 2025, down from $6,492 thousand in the same period of 2024[38] - The company reported a depreciation and amortization expense of $6,895 million in Q3 2024[46] - Stock-based compensation for the three months ended September 30, 2025, was $11,109 thousand, an increase from $8,890 thousand in the same period of 2024[38] - Other income (expense), net included a loss on extinguishment of debt totaling $99.9 million for the three months ended September 30, 2025[48]