Groupon rises after Q2 loss narrows

Groupon

09/08/2023 22:28

** Shares of daily deals platform Groupon  GRPN.O  up ~4.5%
at $8.30 in extended trading 
    ** Co posts Q2 net loss/shr of 41 cents vs $3.04 last year 
    ** "Though we continue to expect year-over-year revenue
declines throughout 2023, we began to see improvements in the
rate of decline during the second quarter, earlier than
anticipated" - Interim CEO Dusan Senkypl
    ** Rev in the quarter falls nearly 16% to $129.1 mln 
    ** As of last close, GRPN down ~7.5% YTD

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com))