Groupon reports Q3 GAAP EPS 33c vs ($1.31) last year

Reports Q3 revenue $114.5M, consensus $117.89M. Reports Q3 adjusted EBITDA $14.8M vs $18.2M last year. Reports Q3 global billings $373.4M. “Despite some challenges, I’m optimistic about our future. The progress we’ve made in transforming our platform and enhancing our customer experience is laying the groundwork for sustainable growth.” said Dusan Senkypl, Chief Executive Officer of Groupon (GRPN). “Our International Local business is showing promising signs, and the positive response to our new features like gifting and video content reinforces our belief that we’re on the right path. We’ve seen significant progress in marketplace understanding and in how we operate our sales channels. We’re committed to continuous improvement and innovation, and I believe the best is yet to come for our company.”