Groupon Inc (GRPN) Q2 2024 Earnings Call Highlights: Navigating Challenges with Consistent ...

GuruFocus.com10-10

Revenue: $125 million, a decrease of 3% year over year. Adjusted EBITDA: Positive $16 million, marking the fifth straight quarter of positive adjusted EBITDA. Free Cash Flow: Positive $11 million for ...

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trailing 12 months free cash flow at positive $30 million.Gross Profit Margin: 90% of revenue, consistent with the prior quarter.Marketing Expense: $37 million, or 32% of gross profit.SG&A Expense: $77 million, down 20% year over year.Global Billings: $374 million, a decrease of approximately 5% year over year.North America Local Billings: $244 million, up 5% compared with the prior year.International Local Billings: Down 17% year over year.Travel Billings: $29 million, down 8% year over year.Goods Billings: $28 million, down 34% year over year.Active Customers: Approximately 16 million worldwide, down 0.3 million from the prior quarter.Cash and Cash Equivalents: $178 million at quarter end.GuruFocus has detected 2 Warning Signs with GRPN.Groupon Inc  reported a fifth consecutiv","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GRPN":"GroupOn"},"translate_title":"Groupon Inc(GRPN)2024年第二季度收益看涨期权亮点：以一致的方式应对挑战……","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GRPN":1},"content_text":"Revenue: $125 million, a decrease of 3% year over year.\nAdjusted EBITDA: Positive $16 million, marking the fifth straight quarter of positive adjusted EBITDA.\nFree Cash Flow: Positive $11 million for the quarter; trailing 12 months free cash flow at positive $30 million.\nGross Profit Margin: 90% of revenue, consistent with the prior quarter.\nMarketing Expense: $37 million, or 32% of gross profit.\nSG&A Expense: $77 million, down 20% year over year.\nGlobal Billings: $374 million, a decrease of approximately 5% year over year.\nNorth America Local Billings: $244 million, up 5% compared with the prior year.\nInternational Local Billings: Down 17% year over year.\nTravel Billings: $29 million, down 8% year over year.\nGoods Billings: $28 million, down 34% year over year.\nActive Customers: Approximately 16 million worldwide, down 0.3 million from the prior quarter.\nCash and Cash Equivalents: $178 million at quarter end.\n\n\nWarning! GuruFocus has detected 2 Warning Signs with GRPN.\n\nRelease Date: July 30, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nGroupon Inc (NASDAQ:GRPN) reported a fifth consecutive quarter of positive adjusted EBITDA, demonstrating consistent profitability.\nThe company achieved positive free cash flow of $11 million in the second quarter, marking a significant improvement from previous periods.\nNorth America local segment showed growth, with revenues and active customers increasing for the second consecutive quarter.\nGroupon Inc (NASDAQ:GRPN) successfully increased marketing spend to 32% of gross profit while maintaining satisfactory ROI targets.\nThe company is making progress in its transformation plan, particularly in improving supply quality and enhancing deal presentations.\n\n Negative Points \n\nSite stability issues related to a cloud migration project negatively impacted performance in July, affecting third-quarter guidance.\nGlobal billings decreased by approximately 5% year over year, indicating challenges in maintaining growth momentum.\nThe goods category continues to struggle, with a 34% year-over-year decline in billings, becoming a smaller part of the business.\nThe company revised down its full-year adjusted EBITDA guidance due to lower third-quarter expectations and increased spending.\nGroupon Inc (NASDAQ:GRPN) exited its local business in Italy, incurring restructuring charges and reducing its international presence.\n\n Q & A Highlights \nQ: How is Groupon able to maintain high-end guidance despite setbacks in July? A: Jiri Ponrt, CFO, explained that the positive performance in the first quarter and strengthening of the sales organization, particularly in North America, contribute to maintaining the high-end guidance. The company is building on earlier positive results.\nQ: What drove the strong performance in June, and how did it impact third-quarter expectations? A: Dusan Senkypl, Interim CEO, noted that improvements in site conversion and efficient marketing spend led to strong June results. The company was close to an inflection point, but site stability issues in July impacted third-quarter expectations.\nQ: How has conversion trended, and what improvements are expected? A: Dusan Senkypl stated that conversion improvements have been made, but there is still significant room for growth. He rated current conversion at 3 out of 10, indicating ongoing efforts to enhance checkout processes and overall site performance.\nQ: What is the strategy for rolling out the new web and app platform? A: The focus is on North America, aiming for a rollout before the fourth-quarter holiday season. While there is some progress internationally, the primary goal is to optimize the North American platform first.\nQ: How is Groupon approaching investments in sales force and marketing? A: Jiri Ponrt and Dusan Senkypl highlighted that improved financial stability allows for cautious investments in sales and marketing. The focus is on North America, with a step-by-step approach to validate ROI before scaling further.\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474206728"}