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Groupon Stock Soars as Firm Posts Better-Than-Expected Results, Revenue Outlook
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Key Points
- Groupon’s fourth-quarter adjusted EBITDA and revenue exceeded forecasts as North American local Billins grew.
- CEO Dusan Senkypl said the company rebounded from a “bumpy” third quarter.
- Discount coupon providers also released full revenue prospects, the first of analyst estimates.
Groupon(grpn) On Wednesday, the results and guidance released by discount coupon providers have soared more than 30% as their local bills in North America grew.
The company reported adjustments for the fourth quarter EBITDA The $18.7 million valuation was $17.9 million ahead of schedule by analysts surveyed by Alpha. While revenues fell 5% year-on-year to $130.4 million, it also surpassed the forecast. Groupon notes that in 2024, it has returned to positive Free cash flow (FCF) This is the first time since the league’s pandemic on the 19th.
In North America, Groupon’s largest market, local bills rose 8% in the fourth quarter to $276.4 million.
CEO says Groupon “bounces well” after “bumping Q3”
CEO Dusan Senkypl said in the “bumping third quarter, we all rebounded well in the fourth quarter”. Senkypl added that in the third quarter, “our performance was hit by various technology migrations.” However, the company is now seeing “encouraging signs that we are regaining momentum in growth.”
Groupon predicts full-year revenue will remain flat to 2%, while the visible decline in Alpha Outlook is down.
Despite today’s growth, Groupon’s stock has fallen by about 30% over the past 12 months.
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