Overview
Groupon Q3 global revenue up 7%, slightly beating analyst expectations
Adjusted EBITDA for Q3 beats estimates, reflecting improved operational performance
Company reports net loss of $117.8 mln from continuing operations
Outlook
Company did not provide specific guidance in the press release in the statement
Result Drivers
NORTH AMERICA GROWTH - North America Local revenue up 12% and Local billings up 18%, driving overall revenue growth
CUSTOMER ACQUISITION - Nearly 300,000 net new active customers added, boosting sales
INTERNATIONAL DECLINE - International revenue down 3% due to Giftcloud divestiture, but underlying growth excluding this
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Global Revenue
Slight Beat*
$122.80 mln
$122 mln (3 Analysts)
Q3 Adjusted EBITDA
Beat
$17.50 mln
$15.30 mln (2 Analysts)
Q3 Billings
$416.10 mln
Q3 Gross Profit
$111.80 mln
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the discount stores peer group is "buy"
Wall Street's median 12-month price target for Groupon Inc is $34.00, about 39.8% above its November 5 closing price of $20.47
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 54 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)