Welcome to our dedicated page for Groupon news (Ticker: GRPN), a resource for investors and traders seeking the latest updates and insights on Groupon stock.
Groupon, Inc. (NASDAQ: GRPN) is a global marketplace that connects consumers to a wide variety of local businesses, travel destinations, consumer products, and live events at discounted prices. The company acts as a middleman between merchants and consumers, offering daily deals via its online platform. Groupon's operations are divided into two main segments: North America and International, with the majority of its revenue coming from North America. The company generates income by taking commissions from transactions where it sells goods or services on behalf of third-party merchants and through digital coupons accessed via its website and mobile app.
Groupon recently announced a significant $80 million fully backstopped rights offering, which is expected to commence soon. This offering allows shareholders to purchase new shares at a set price, with Pale Fire Capital SICAV a.s. fully committing to backstop the offering. The proceeds are intended for general corporate purposes, including debt repayment.
Groupon provides merchants with advertising options and tools to help grow and manage their businesses. The company's marketplace offers services and experiences that aim to enhance everyday life for its consumers. Culturally, Groupon values self-awareness, candor, and community involvement, viewing these principles as fundamental to its growth. Significant recent achievements include the stabilization of business revenues and positive Adjusted EBITDA for four consecutive quarters under the leadership of newly appointed permanent CEO Dusan Senkypl.
For investors, Groupon has shown strong financial performance in North America, particularly in local and travel categories. The company holds cash positions of approximately $141 million and expects continued revenue growth and positive free cash flow in 2024. Furthermore, the company remains committed to its mission of becoming the ultimate destination for local experiences and services.
Groupon (NASDAQ: GRPN) has announced a $197 million financing transaction involving two key components: (1) An exchange of approximately $176.26 million of existing 1.125% Convertible Senior Notes due 2026 for new 6.25% Convertible Senior Secured Notes due 2027, and (2) The issuance of $21 million in new 2027 Notes for $20 million in cash proceeds. The new notes will have an initial conversion rate of 33.333 shares per $1,000 principal amount, equivalent to approximately $30 per share, representing a 184% premium over recent trading prices. The notes will be secured by first-priority interest in substantially all company assets and guaranteed by certain wholly-owned domestic subsidiaries.
Groupon (NASDAQ: GRPN) reported Q3 2024 results with revenue at the low-end of guidance, while EBITDA exceeded the high-end of guidance. The company's International Local revenue declined 13%, though excluding Italy, the decline was to 2%. Notable achievements include completing the rollout of their new front-end platform across 100% of North America mobile web and desktop traffic. The company also announced a $197 million financing transaction. Management expressed optimism about the company's transformation progress, highlighting positive responses to new features like gifting and video content.
Groupon (NASDAQ: GRPN) has scheduled the release of its third quarter 2024 financial results for Tuesday, November 12, 2024, after market close. The company will host a conference call to discuss the results at 5:00pm ET. Investors can access the live webcast at investor.groupon.com, where a replay and additional materials will be available after the call.
Groupon (NASDAQ: GRPN) reported its Q2 2024 financial results, highlighting positive developments in key areas. The company saw a 7% growth in North America Local revenues compared to the previous year. Groupon achieved positive operating cash flow of $15 million and Free Cash Flow of $11 million for the quarter. On a trailing twelve-month basis, operating cash flow reached $46 million with Free Cash Flow of $30 million. Notably, Q2 revenue exceeded the high-end of guidance.
CEO Dusan Senkypl expressed confidence in the company's transformation, despite ongoing challenges such as site reliability. He emphasized Groupon's mission to become the ultimate destination for local experiences and services.
Groupon (NASDAQ: GRPN) has announced the release date for its second quarter 2024 financial results. The company will unveil its Q2 2024 performance after market close on Tuesday, July 30, 2024. Following the release, Groupon will host a conference call at 5:00pm ET to discuss the results with investors and analysts.
Interested parties can access a live webcast of the conference call through the company's investor relations website at investor.groupon.com. For those unable to attend the live event, a replay of the webcast will be available on the same platform, along with other published materials related to the financial results.
Groupon, Inc. (NASDAQ: GRPN) reported first quarter 2024 results, with Dusan Senkypl named permanent CEO. The company exceeded guidance, showing consolidated revenue growth for the first time since 2016. North America segment revenues excluding Goods category grew by 8% compared to the prior year.
Groupon, Inc. (NASDAQ: GRPN) announced Dusan Senkypl as the permanent CEO, with a successful track record and experience in building internet products. Senkypl aims to lead Groupon to sustainable growth and enhance the local experiences and services offered by the company.
Groupon, Inc. (NASDAQ: GRPN) will release its first quarter 2024 financial results on May 9, 2024, after the market closes. The company will conduct a conference call at 5:00pm ET to discuss the results. A webcast of the call will be available on investor.groupon.com, with a replay accessible afterward.
FAQ
What is the current stock price of Groupon (GRPN)?
What is the market cap of Groupon (GRPN)?
What is Groupon, Inc.'s main business?
How does Groupon generate revenue?
What recent financial offering did Groupon announce?
Who is the current CEO of Groupon?
What are the two main segments of Groupon's operations?
What values does Groupon emphasize culturally?
Where does Groupon generate most of its revenue?
What recent achievements has Groupon reported?
How can merchants benefit from using Groupon?
What is the outlook for Groupon in 2024?
