Groupon(US:GRPN) ZACKS·2024-11-13 17:15Core Insights - Groupon reported adjusted earnings of 33 cents per share in Q3 2024, significantly beating the Zacks Consensus Estimate of a loss of 25 cents by 232% [1] - The company experienced a loss of $1.31 per share in the same quarter last year [1] - Revenues of $114.5 million missed the consensus estimate by 3.8% and decreased 9% year-over-year [2] Revenue Breakdown - North America revenues were $86.9 million, lagging the consensus mark by 3.68% and declining 9% year-over-year [3] - International revenues totaled $27.6 million, missing the consensus mark by 4.85% and decreasing 13% year-over-year [3] - Local revenues of $105 million missed the Zacks Consensus Estimate by 5.81% and declined 9% year-over-year [4] Customer Metrics - Groupon had approximately 15.5 million active customers at the end of Q3, down from 17 million a year ago but beating the consensus estimate by 3.68% [7] - North America had about 10.2 million active customers, exceeding the consensus mark by 6.58% [7] Operating Performance - Gross profit was $102.9 million, down 7% year-over-year [8] - Selling, general and administrative expenses fell 10.8% year-over-year to $71.3 million [8] - The company reported a GAAP operating loss of $5.6 million compared to a loss of $464K in the year-ago quarter [8] Cash Flow and Balance Sheet - Groupon exited the quarter with cash and cash equivalents of $159.7 million, down from $178.1 million as of June 30, 2024 [9] - The operating cash outflow was $16.3 million, contrasting with an inflow of $15.3 million in the prior quarter [9] Future Guidance - For Q4 2024, Groupon expects revenues between $124 million and $131 million, indicating a year-over-year decline of 10-5% [11] - For the full year 2024, the company anticipates revenues between $486 million and $493 million, reflecting a year-over-year change of (6)-(4%) [12]