Groupon Reports Second Quarter 2024 Results

Core Insights - Groupon reported a positive financial performance for the second quarter of 2024, with North America Local revenues increasing by 7% compared to the previous year [2][3] - The company achieved an operating cash flow of $15 million and free cash flow of $11 million for the second quarter, contributing to a trailing twelve-month operating cash flow of $46 million and free cash flow of $30 million [2][3] - Revenue for the second quarter exceeded the high-end of the company's guidance, indicating strong performance [2] Financial Performance - North America Local revenues grew by 7% year-over-year [2] - Second quarter operating cash flow was reported at $15 million, while free cash flow was $11 million [2] - Trailing twelve-month operating cash flow reached $46 million, with free cash flow at $30 million [2] Management Commentary - The CEO of Groupon, Dusan Senkypl, expressed optimism about the company's financial results, highlighting improvements in free cash flow and local sales compared to the previous year [3] - Despite ongoing challenges, including site reliability, the CEO is confident in the company's ability to drive growth and fulfill its mission [3]