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, Inc. (NASDAQ: GRPN) has appointed Jiri Ponrt as the new Chief Financial Officer, succeeding Damien Schmitz. This leadership change aims to enhance operational efficiency and financial reporting as Groupon progresses in its transformation strategy. Ponrt joins from Pale Fire Capital, where he was CFO at Alza.cz with a $2 billion annual turnover, and has over 15 years of experience at Danone/Nutricia. His appointment comes after a significant restructuring effort for Groupon, which has reduced its fixed cost structure. Ponrt's role will focus on improving internal processes and supporting decision-making across the company.
Groupon, Inc. (NASDAQ: GRPN) has appointed Dusan Senkypl, co-founder of Pale Fire Capital, as its interim Chief Executive Officer, effective immediately. He succeeds Kedar Deshpande, who will assist in the transition for 60 days. Senkypl expressed commitment to drive Groupon’s operational excellence, aiming to enhance its marketplace for local services and experiences. With a solid financial foundation and strategic transformation plans, he believes Groupon can regain growth and market leadership. Pale Fire Capital holds nearly 22% of Groupon's shares, reflecting vested interests in the company's success.
Groupon (NASDAQ: GRPN) announced its fourth quarter and fiscal year 2022 earnings, reporting a sequential growth in local billings of 6% compared to the third quarter. The company is on track to achieve $250 million in annualized cost reductions by the end of 2023, reflecting its commitment to driving operational efficiency. In addition, Groupon aims to enhance marketplace engagement and unlock growth opportunities.
Groupon (NASDAQ: GRPN) announced a rescheduling of its fourth quarter 2022 earnings release and conference call, now set for March 16, 2023. This change aims to finalize the earnings release and disclosures, which will include an amendment to its existing credit agreement. The financial results will be released after market close, followed by a conference call at 5:00 PM ET. Investors can access a live webcast of the call at investor.groupon.com, with a replay available afterward.
Groupon (NASDAQ: GRPN) has announced it will release its fourth quarter and full year 2022 financial results after market close on March 15, 2023. The company will conduct a conference call to discuss the results at 5:00 PM ET. Investors can access a live webcast of the call at investor.groupon.com, which will also host a replay afterward. This upcoming report is crucial for assessing Groupon's performance and future outlook in the local marketplace.
Groupon (NASDAQ: GRPN) will have CEO Kedar Deshpande and CFO Damien Schmitz participate in the Barclays Global Technology, Media & Telecommunications Conference on December 8, 2022. They are scheduled for a fireside chat at 11:35 AM PT. A live audio webcast and replay of the event can be accessed through the company's investor relations website.
Groupon is a local marketplace offering services and experiences that enhance consumer lives. For more information, visit www.groupon.com.
Groupon (NASDAQ: GRPN) announced that CEO Kedar Deshpande and CFO Damien Schmitz will participate in the Credit Suisse 26th Annual Technology Conference on November 30, 2022, at 1:40 PM MST. A live audio webcast and replay will be available on the company's investor relations website for those interested in insights from the leadership.
Groupon connects consumers with local experiences and services, enhancing everyday life. For more information, visit www.groupon.com.
Groupon (GRPN) reported nearly
Groupon, Inc. (NASDAQ: GRPN) announced its plans to release third quarter 2022 financial results on Monday, November 7, 2022, following market close. A conference call to discuss these results is scheduled for 5:00 PM ET. Investors can access a live webcast of the call at investor.groupon.com, with a replay available afterward. This announcement signals the company's ongoing commitment to transparency and engagement with its shareholders.
Groupon announced its second annual Groupon Day, starting on
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?
