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 $141 million and expects continued revenue growth and positive free cash flow in 2024. Furthermore, the company remains committed to its mission of becoming the ultimate destination for local experiences and services.
Groupon (NASDAQ: GRPN) plans to release its second quarter 2021 financial results after market close on August 5, 2021. A conference call is scheduled for August 6, 2021, at 10:00 AM ET to discuss the results. Investors can access a live webcast of the call at investor.groupon.com, where a replay will be available afterward. Groupon is positioned as an experiences marketplace, offering consumers a wide selection of activities and local businesses a platform to reach millions.
Groupon (NASDAQ: GRPN) announced its first quarter financial results, emphasizing progress in its growth strategy. Detailed materials are available on Groupon’s Investor Relations site, including the Q1 earnings press release and presentation. The company focuses on connecting consumers with local businesses, enhancing its marketplace offerings. For more information about Groupon, visit www.groupon.com.
Groupon has launched a new user experience as part of its So #@$%ing Ready campaign, aimed at enhancing consumer engagement and merchant visibility. The redesigned platform features modern, personalized browsing options, improved search capabilities, and a new buy-it-again function. These changes are intended to shift customer perception of Groupon from a needs-based marketplace to a prime destination for local experiences. The new UX is currently available to select users in the US and Canada, with a full rollout expected in Q2 2021.
Groupon has launched a new Mother’s Day campaign focused on helping families reconnect after pandemic-induced separations. A survey revealed that people missed nearly 28 days with their moms due to COVID-19, prompting 80% of respondents to prioritize making new memories this year. Key insights include 84% of respondents eager to visit their moms, and the most desired gifts include quality family time and outdoor activities. Groupon’s campaign aligns with its broader initiative to support local businesses and offers various experiences to celebrate Mother's Day.
Groupon, Inc. (NASDAQ: GRPN) is set to release its first quarter 2021 financial results after market close on May 6, 2021. A conference call will follow on May 7, 2021, at 10:00 am ET, where details will be shared and discussed. Investors can access a live webcast of the call at investor.groupon.com, with a replay available post-event. Groupon aims to connect consumers to local businesses through its marketplace, promoting valuable experiences.
Groupon has launched its ‘So #@$%ing Ready’ campaign, aiming to reconnect consumers with local businesses as COVID-19 restrictions ease. A survey revealed that 71% of Americans are eager to return to ordinary experiences post-pandemic. Nearly 60% of respondents expressed increased support for small businesses. The campaign features a sweepstakes with $150,000 in prizes and additional funding for small businesses. With a focus on activities like dining out and group gatherings, Groupon seeks to facilitate community engagement and economic recovery.
Groupon, Inc. (GRPN) announced the pricing of $200 million in 1.125% convertible senior notes due 2026. The notes, offered in a private placement, have a conversion rate of 14.6800 shares per $1,000 of notes, representing a premium of 30% over GRPN's recent stock price. Groupon expects net proceeds of approximately $193 million, intended to repay existing convertible notes and fund capped call transactions to mitigate potential dilution. The offering is anticipated to close on March 25, 2021, subject to customary conditions.
Groupon intends to offer $200 million in convertible senior notes due 2026 in a private offering, with an option for an additional $30 million. The notes, which will be senior unsecured obligations, will accrue interest paid semiannually. The proceeds will partly fund capped call transactions and repay existing convertible notes due in April 2022. Groupon warns that market conditions and other risks could impact the offering. The notes and any common stock issued upon conversion will not be registered under the Securities Act, limiting their sale in the U.S.
Groupon (NASDAQ:GRPN) has released its fourth quarter financial results, revealing the initiation of its inventory growth strategy in North America. The comprehensive financial documents, including the Q4 Earnings Press Release and Presentation, are available on Groupon's Investor Relations site.
Groupon (NASDAQ: GRPN) has announced that Aaron Cooper, Interim CEO, and Melissa Thomas, CFO, will participate in the Morgan Stanley Technology, Media and Telecom Conference on March 1, 2021. Aaron Cooper is set to engage in a virtual fireside chat at 3:30 PM ET. Interested parties can access a live webcast and replay of the event through the company's investor relations website.
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