The earnings call presented a mixed picture for Groupon. On the positive side, there was strength in the Things To Do vertical and improvements in international markets excluding Italy. The company also completed its platform migration and secured new financing to aid its transformation. However, these positives were offset by significant challenges, including technical issues impacting North America revenue, a decline in legacy customer retention, and struggles within the Goods and Travel categories. The revised revenue outlook further underscores the challenges faced.

Company Guidance

In Groupon's third-quarter 2024 earnings call, the company reported a mixed performance, with revenues at the low end of guidance but exceeding expectations on adjusted EBITDA. Key metrics highlighted included a decrease in global billings by 10.9% year-over-year to $373 million and a revenue drop of 9.5% to $114 million. Despite challenges, Groupon reported positive adjusted EBITDA of $15 million and a trailing 12-month adjusted EBITDA of $78 million. The call also underscored a decline in active customers by 0.3 million, though North America excluding goods showed growth. The company announced a new $197 million secured convertible debt agreement and aims for positive free cash flow for the year. Looking ahead, Groupon anticipates fourth-quarter revenues between $124 million and $131 million and adjusted EBITDA between $14 million and $19 million, while projecting positive free cash flow for 2024.

Positive Development in International Local

International local revenue, excluding Italy, was down only 2% year-over-year with stable and improving trends. Spain emerged as a positive story with strong double-digit growth.

Strong Things To Do Season in North America

The Things To Do vertical grew faster than the market, driven by expanding relationships with national brands.

Completion of Platform Migration

Achieved 100% mobile web and desktop traffic in North America on the new website, leading to a material increase in new feature development speed.

New Secured Convertible Debt Agreement

Raised $197 million in new secured convertible debt, providing financial flexibility with a 6.25% coupon and a $30 strike price.

Sixth Straight Quarter of Positive Adjusted EBITDA

Reported positive adjusted EBITDA of $15 million for the third quarter, with a trailing 12 months adjusted EBITDA of $78 million.

Improvement in Free Cash Flow

Trailing 12 months free cash flow was positive $28 million, marking the second straight quarter of positive cash flow.

---

Groupon (GRPN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GRPN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 19, 2025	2024 (Q4)	-0.04 / -	0.3	―	―	―
Nov 12, 2024	2024 (Q3)	-0.02 / 0.33	-1.078	130.61% (+1.41)
Jul 30, 2024	2024 (Q2)	0.06 / -0.02	-0.1	80.00% (+0.08)
May 09, 2024	2024 (Q1)	-0.05 / 0.06	-0.65	109.23% (+0.71)
Mar 15, 2024	2023 (Q4)	0.12 / 0.30	-0.38	178.95% (+0.68)
Nov 09, 2023	2023 (Q3)	0.12 / -1.08	-0.68	-58.53% (-0.40)
Aug 09, 2023	2023 (Q2)	-0.18 / -0.10	-0.34	70.59% (+0.24)
May 10, 2023	2023 (Q1)	-0.94 / -0.65	-0.8	18.75% (+0.15)	―
Mar 16, 2023	2022 (Q4)	-0.33 / -0.38	0.18	-311.11% (-0.56)
Nov 07, 2022	2022 (Q3)	-0.40 / -0.68	0.38	-278.95% (-1.06)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

GRPN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 12, 2024	$11.32	$8.26	-27.03%
Jul 30, 2024	$15.71	$13.32	-15.21%
May 09, 2024	$10.50	$12.97	+23.52%
Mar 15, 2024	$18.17	$12.59	-30.71%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---