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) will release its fourth quarter 2020 financial results on February 25, 2021, after market trading closes. A conference call to discuss these results is scheduled for February 26, 2021, at 10:00 am ET. Investors can listen to the call via a live webcast at investor.groupon.com, with a replay available afterward. Groupon functions as an experiences marketplace, helping consumers discover experiences while supporting local businesses.
The recent Valentine’s Day survey by Groupon highlights how quarantine has significantly impacted relationships, equating the extra time spent together to four additional years. Conducted with 2,000 participants, the survey found that 73% of couples feel their relationship has strengthened, with 65% learning more about their partners. However, many reported challenges, with 59% stating the pandemic has tested their relationships. Groupon aims to help couples reconnect by offering various experiences this Valentine’s Day.
Groupon, Inc. (NASDAQ: GRPN) announces participation in two upcoming conferences by Interim CEO Aaron Cooper and CFO Melissa Thomas. The events include the UBS Global TMT Virtual Conference on December 7, 2020, at 3:45 p.m. ET, and the Barclays Global Technology, Media and Telecommunications Conference on December 10, 2020, at 9:00 a.m. ET. A live webcast will be available on the company's investor relations website. Groupon provides an experiences marketplace for consumers and local businesses.
A recent survey by Groupon reveals that 56% of Americans consider 2020 the worst year of their lives. However, nearly 70% now appreciate family and friends more deeply. Most respondents plan to give more thoughtful and personalized gifts, with 65% intending to spend the same or more than last year. Self-gifting is expected to rise by 35%, as people treat themselves with gifts. Additionally, 70% plan to support small businesses. Despite challenges, 74% believe in spreading optimism during the holidays.
Groupon (NASDAQ: GRPN) has announced that Aaron Cooper, Interim CEO, and Melissa Thomas, CFO, will participate in the Credit Suisse 24th Annual Technology Conference on December 1, 2020. Aaron Cooper will engage in a virtual fireside chat at 10:50 a.m. ET. A live webcast will be accessible via the company's investor relations website, and a replay will also be available afterward. Groupon continues to serve as an experiences marketplace, helping consumers find enjoyable local activities while assisting merchants in connecting with a wide audience.
Groupon (NASDAQ: GRPN) has announced a new partnership with Xola, enhancing its Groupon Connect™ platform. This integration allows Xola's merchants to sync their booking availability with Groupon promotions, facilitating easier access for consumers to local leisure activities. Tim Eby, Groupon's VP of Product, highlighted the importance of adapting to operational challenges presented by COVID-19. The integration is currently active in the U.S., with plans for international expansion in the future, aiming to drive growth for attractions by streamlining booking processes.
Groupon (NASDAQ: GRPN) announced its third quarter financial results, revealing progress in its growth strategy. The full earnings materials are available on Groupon's Investor Relations website, including a detailed earnings release and presentation. The report highlights advancements in the company's efforts to enhance consumer experiences and support local businesses. For further insights, stakeholders can visit Groupon's investor page for comprehensive information on their financial performance.
Groupon, Inc. (NASDAQ: GRPN) announced it will release its third quarter 2020 financial results after market close on November 5, 2020. A conference call to discuss these results is scheduled for November 6, 2020, at 10:00 AM ET. Investors can access a live webcast of the call at investor.groupon.com. Following the call, a replay will be available. Groupon aims to enhance local experiences through mobile commerce across various sectors, fostering relationships between consumers and local businesses.
Groupon is launching a campaign for October’s National Women’s Small Business Month to support women-owned businesses impacted by the COVID-19 pandemic. A recent survey shows that 75% of women small business owners faced negative effects during the pandemic, with 54% fearing permanent closure. Groupon emphasizes ongoing support beyond October and highlights top supportive states like Massachusetts. To aid recovery, Groupon is showcasing around 2,000 women-owned businesses and collaborating with Kiva.org to facilitate funding access for female entrepreneurs.
On June 29, 2020, Groupon announced its partnership with TransPerfect, the largest provider of language and technology solutions, to utilize its GlobalLink® platform for managing multilingual content. This collaboration aims to enhance Groupon's internal and customer-facing translation processes, increasing productivity and efficiency. With a user-friendly dashboard, Groupon's team can track projects and customize workflows seamlessly. TransPerfect has supported Groupon's translation needs since 2012, and both organizations aim to improve communication in seven languages, vital for local businesses and consumer engagement.
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