Groupon Q3 Earnings Beat Estimates, Revenues Decrease Y/Y

Zacks11-14

Groupon GRPN reported adjusted earnings of 33 cents per share in the third quarter of 2024, beating the Zacks Consensus Estimate of a loss of 25 cents by 232%. The company reported a loss of $1.31 per...

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The company reported a loss of $1.31 per...</p>\n\n<a href=\"https://finance.yahoo.com/news/groupon-q3-earnings-beat-estimates-161400665.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Groupon Q3 Earnings Beat Estimates, Revenues Decrease Y/Y</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGroupon Q3 Earnings Beat Estimates, Revenues Decrease Y/Y\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 00:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/groupon-q3-earnings-beat-estimates-161400665.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Groupon GRPN reported adjusted earnings of 33 cents per share in the third quarter of 2024, beating the Zacks Consensus Estimate of a loss of 25 cents by 232%. The company reported a loss of $1.31 per...</p>\n\n<a href=\"https://finance.yahoo.com/news/groupon-q3-earnings-beat-estimates-161400665.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GRPN","symbol_name":"GroupOn","start_time":0,"source_url":"https://finance.yahoo.com/news/groupon-q3-earnings-beat-estimates-161400665.html","article_id":"2483858039","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/9tzWmmZgkWaKAG2iRUJYTg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/c2f10db8b9a547fad946c60f71ad3f14"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483858039","pubTimestamp":1731514440,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"GRPN has lost 19.4% against the Zacks Retail-Wholesale sector’s growth of 25.4% in the year-to-date period.At the end of the third quarter, Groupon had approximately 15.5 million active customers compared with 17 million at the end of the year-ago quarter. However, the metric beat the Zacks Consensus Estimate by 3.68%.At the end of the third quarter, the company had approximately 10.2 million active customers based in North America, beating the consensus mark by 6.58% and 5.3 million active international customers, missing the consensus mark by 1.49%.In the third quarter, gross profit was $102.9 million, down 7% year over year.Selling, general and administrative expenses fell 10.8% year over year to $71.3 million in the reported quarter. This can be attributed to a decrease in cloud costs. Marketing expenses rose 25.4% to $36.3 million.The company reported a GAAP operating loss of $5.6 million compared with a loss of $464K in the year-ago quarter.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GRPN":"GroupOn"},"translate_title":"Groupon第三季度盈利超出预期，收入同比下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GRPN":1},"content_text":"Groupon GRPN reported adjusted earnings of 33 cents per share in the third quarter of 2024, beating the Zacks Consensus Estimate of a loss of 25 cents by 232%. The company reported a loss of $1.31 per share in the year-ago quarter.The company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed on one occasion, delivering an average surprise of 107.77%.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.Revenues of $114.5 million missed the consensus estimate by 3.8%. The figure also decreased 9% on a year-over-year basis (down 10%, excluding the foreign exchange effect).Region-wise, North America revenues of $86.9 million lagged the consensus mark by 3.68% and declined 9% year over year due to an increase in Local voucher redemption rates in the reported period. International revenues of $27.6 million missed the consensus mark by 4.85% and decreased 13% year over year (down 14%, excluding the foreign exchange effect) due to the exit of Local business in Italy.\n\nGroupon, Inc. Price, Consensus and EPS Surprise\n\nGroupon, Inc. price-consensus-eps-surprise-chart | Groupon, Inc. Quote\n\nGRPN has lost 19.4% against the Zacks Retail-Wholesale sector’s growth of 25.4% in the year-to-date period.\nGRPN’s Quarterly Details\nLocal revenues of $105 million missed the Zacks Consensus Estimate by 5.81% and declined 9% year over year (10% excluding the foreign exchange effect). North America Local revenues decreased 8%, while International Local revenues declined 2% year over year.Consolidated Travel revenues of $4.3 million beat the consensus mark by 7.28% and increased 3.4% year over year. North America Travel revenues increased 13.3% year over year. International Travel revenues declined 12.7% in the reported quarter.On a consolidated basis, Goods revenues of $5.2 million beat the consensus mark by 14.58% and declined 23.8% year over year. North America Goods revenues declined 34.5%, while International Goods revenues decreased 11.7%, excluding the foreign exchange effect, on a year-over-year basis.\nGRPN’s Customer Metrics\nAt the end of the third quarter, Groupon had approximately 15.5 million active customers compared with 17 million at the end of the year-ago quarter. However, the metric beat the Zacks Consensus Estimate by 3.68%.At the end of the third quarter, the company had approximately 10.2 million active customers based in North America, beating the consensus mark by 6.58% and 5.3 million active international customers, missing the consensus mark by 1.49%.\nOperating Details of GRPN\nIn the third quarter, gross profit was $102.9 million, down 7% year over year.Selling, general and administrative expenses fell 10.8% year over year to $71.3 million in the reported quarter. This can be attributed to a decrease in cloud costs. Marketing expenses rose 25.4% to $36.3 million.The company reported a GAAP operating loss of $5.6 million compared with a loss of $464K in the year-ago quarter.\nGRPN’s Balance Sheet & Cash Flow\nGroupon exited the quarter with cash and cash equivalents of $159.7 million, up from $178.1 million as of June 30, 2024.In the third quarter, the operating cash outflow was $16.3 million against the operating cash inflow of $15.3 million in the prior quarter.Groupon reported a free cash outflow of $19.7 million against $10.8 million of free cash inflow reported in the previous quarter.GRPN has penned an agreement to raise $197 million in new secured convertible debt, maturing in 2027 with a 6.25% coupon and a $30 strike price.\nGRPN’s Guidance\nFor the fourth quarter of 2024, the company expects revenues in the band of $124-$131 million, indicating a 10-5% year-over-year decline. The Zacks Consensus Estimate for fourth-quarter 2024 revenues is pegged at $144.38 million, indicating 4.83% year-over-year growth.Adjusted EBITDA is expected to be between $14 million and $19 million.Groupon expects a positive free cash flow for the fourth quarter.For 2024, the company expects revenues between $486 million and $493 million, indicating a year-over-year change in the band of (6)-(4%).Adjusted EBITDA is expected to be between $65 million and $70 million.Groupon expects a positive free cash flow for 2024.\nGRPN’s Zacks Rank & Stocks to Consider\nGroupon currently carries a Zacks Rank #3 (Hold).Investors interested in the broader retail-wholesale sector can consider some better-ranked stocks like Booking Holdings BKNG, Amazon AMZN and Travelzoo TZOO, each of which carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.BKNG has gained 41.6% in the year-to-date period. The long-term earnings growth rate for BKNG is currently estimated at 15.68%.Shares of Amazon have gained 38.1% in the year-to-date period. The long-term earnings growth rate for AMZN is currently expected at 20%.Travelzoo has gained 100.7% in the year-to-date period. The long-term earnings growth rate for TZOO is currently anticipated at 8.72%. \nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAmazon.com, Inc. (AMZN) : Free Stock Analysis Report\nGroupon, Inc. (GRPN) : Free Stock Analysis Report\nTravelzoo (TZOO) : Free Stock Analysis Report\nBooking Holdings Inc. (BKNG) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","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":"4.29.3","shortVersion":"4.29.3","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/2483858039"}