Groupon Q3 revenue slightly beats estimates

Overview

• Groupon Q3 global revenue up 7%, slightly beating analyst expectations

• Adjusted EBITDA for Q3 beats estimates, reflecting improved operational performance

• Company reports net loss of $117.8 mln from continuing operations

Outlook

• Company did not provide specific guidance in the press release in the statement

Result Drivers

• NORTH AMERICA GROWTH - North America Local revenue up 12% and Local billings up 18%, driving overall revenue growth

• CUSTOMER ACQUISITION - Nearly 300,000 net new active customers added, boosting sales

• INTERNATIONAL DECLINE - International revenue down 3% due to Giftcloud divestiture, but underlying growth excluding this

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the discount stores peer group is "buy"

• Wall Street's median 12-month price target for Groupon Inc is $34.00, about 39.8% above its November 5 closing price of $20.47

• The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 54 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)