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GRPN Groupon News Story

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Groupon Q3 revenue slightly beats estimates

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

MetricBeat/MissActualConsensus Estimate
Q3 Global RevenueSlight Beat*$122.80 mln$122 mln (3 Analysts)
Q3 Adjusted EBITDABeat$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.)

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