Groupon Reports Fourth Quarter and Fiscal Year 2024 Results

Core Insights - Groupon reported its financial results for Q4 and the fiscal year 2024, highlighting a flat local revenue in North America for Q4 and a modest growth in local billings by 8% [1][2] - The company achieved a positive operating cash flow of $55.9 million and free cash flow of$40.6 million for the trailing twelve months [1] - Groupon's CEO emphasized the successful execution of the transformation strategy, returning North America Local to growth and generating positive free cash flow for the first time since the pandemic [2] Financial Performance - North America Q4 Local Revenue remained flat, while Local Billings increased by 8% [1] - For the full year 2024, North America Local Revenue grew by 1% and Local Billings by 3% [1] - The company reported a positive operating cash flow of $55.9 million and free cash flow of$40.6 million for the trailing twelve months [1] Strategic Outlook - The CEO noted a rebound in Q4 following a challenging Q3, indicating a stronger foundation for growth entering 2025 [2] - The company aims to accelerate growth based on the momentum gained in the fourth quarter [2]