Groupon Reports Third Quarter 2024 Results
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) ha riportato i risultati del terzo trimestre 2024 con ricavi al limite inferiore delle previsioni, mentre l'EBITDA ha superato il limite superiore. I ricavi internazionali locali dell'azienda sono diminuiti del 13%, ma escludendo l'Italia, il calo è stato del 2%. Tra i risultati significativi vi è il completamento del lancio della nuova piattaforma front-end su il 100% del traffico mobile web e desktop in Nord America. L'azienda ha anche annunciato una transazione finanziaria di 197 milioni di dollari. La gestione ha espresso ottimismo riguardo ai progressi della trasformazione dell'azienda, evidenziando le risposte positive a nuove funzionalità come il regalo e i contenuti video.
Groupon (NASDAQ: GRPN) reportó los resultados del tercer trimestre de 2024, con ingresos en el extremo bajo de la guía, mientras que el EBITDA superó el extremo superior. Los ingresos locales internacionales de la empresa cayeron un 13%, aunque excluyendo a Italia, la caída fue del 2%. Logros notables incluyen la finalización del lanzamiento de su nueva plataforma front-end en el 100% del tráfico web y de escritorio móvil en América del Norte. La compañía también anunció una transacción de financiamiento de 197 millones de dólares. La dirección expresó optimismo sobre el progreso de la transformación de la empresa, destacando las respuestas positivas a nuevas características como el regalo y el contenido de video.
그루폰(NASDAQ: GRPN)은 2024년 3분기 실적을 보고했으며, 수익은 가이던스의 하한에 해당하는 반면 EBITDA는 상한을 초과했습니다. 회사의 국제 로컬 수익은 13% 감소했지만, 이탈리아를 제외하면 감소폭은 2%였습니다. 주목할 만한 성과로는 북미의 모바일 웹 및 데스크탑 트래픽 전반에 걸쳐 새로운 프론트 엔드 플랫폼의 출시 완료가 있습니다. 회사는 또한 1억 9700만 달러의 재무 거래를 발표했습니다. 경영진은 새로운 기능인 선물 및 비디오 콘텐츠에 대한 긍정적인 반응을 강조하며 회사의 변화 진행 상황에 대해 낙관적인 입장을 보였습니다.
Groupon (NASDAQ: GRPN) a annoncé ses résultats du troisième trimestre 2024, avec des revenus à la limite inférieure des prévisions, tandis que l'EBITDA a dépassé la limite supérieure. Les revenus locaux internationaux de l'entreprise ont diminué de 13 %, bien qu'en excluant l'Italie, la baisse ait été de 2 %. Parmi les réalisations notables figurent l'achèvement du déploiement de leur nouvelle plateforme front-end sur 100 % du trafic mobile web et desktop en Amérique du Nord. L'entreprise a également annoncé une transaction de financement de 197 millions de dollars. La direction a exprimé son optimisme quant aux progrès de la transformation de l'entreprise, soulignant les réactions positives aux nouvelles fonctionnalités telles que les cadeaux et le contenu vidéo.
Groupon (NASDAQ: GRPN) hat die Ergebnisse des dritten Quartals 2024 veröffentlicht, wobei die Umsätze am unteren Ende der Prognose lagen, während das EBITDA das obere Ende überschritt. Die internationalen lokalen Einnahmen des Unternehmens sanken um 13%, wobei der Rückgang ohne Italien bei 2% lag. Zu den bemerkenswerten Erfolgen gehört der Abschluss der Einführung ihrer neuen Front-End-Plattform in 100% des mobilen Web- und Desktop-Traffics in Nordamerika. Das Unternehmen gab ebenfalls eine Finanzierungstransaktion über 197 Millionen Dollar bekannt. Das Management äußerte Optimismus hinsichtlich des Fortschritts der Unternehmensverwandlung und hob die positiven Rückmeldungen zu neuen Funktionen wie Geschenken und Videoinhalten hervor.
- EBITDA performance exceeded high-end of guidance
- International Local revenue decline (ex-Italy) to 2%
- Completed platform modernization across North American digital channels
- Secured $197 million financing
- Revenue at low-end of guidance range
- International Local revenue declined 13%
Insights
The Q3 2024 results present mixed signals for Groupon. The company's performance at the low-end of revenue guidance but above high-end of EBITDA guidance suggests effective cost management despite top-line challenges. The
The completion of the front-end platform migration for
Third Quarter revenue at the low-end of guidance and EBITDA above the high-end of guidance
International Local revenue declined
Announces
Chicago, Illinois--(Newsfile Corp. - November 12, 2024) - Groupon, Inc. (NASDAQ: GRPN) today announced its financial results for the third quarter ended September 30, 2024. The company filed its Form 10-Q with the Securities and Exchange Commission and posted an updated presentation on its investor relations website (investor.groupon.com).
"Despite some challenges, I'm optimistic about our future. The progress we've made in transforming our platform and enhancing our customer experience is laying the groundwork for sustainable growth," said Dusan Senkypl, Chief Executive Officer of Groupon. "Our International Local business is showing promising signs, and the positive response to our new features like gifting and video content reinforces our belief that we're on the right path. We've seen significant progress in marketplace understanding and in how we operate our sales channels. We're committed to continuous improvement and innovation, and I believe the best is yet to come for our company."
The third quarter 2024 earnings materials are posted on Groupon's Investor Relations site located at investor.groupon.com.
About Groupon
Groupon (www.groupon.com) (NASDAQ: GRPN) is a trusted local marketplace where consumers go to buy services and experiences that make life more interesting and deliver boundless value. To find out more about Groupon, please visit press.groupon.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229638
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