Q2 2026 Groupon Inc Earnings Call Transcript
Key Points
- Groupon Inc (GRPN) reported strong free cash flow of $15 million in Q2, with adjusted EBITDA at the high end of guidance.
- Business accelerated to mid single-digit growth in July, signaling positive momentum for the second half.
- Project Foundry is driving significant efficiency gains, with engineering output per developer more than doubled in six months.
- Organic channel revenue returned to growth in Q2 and accelerated to double-digit growth in July.
- AI now resolves the majority of customer support contacts autonomously, roughly three times faster than at the start of the year.
- Groupon Inc (GRPN) missed top-line expectations in Q2, with billings and revenue each down 1% year-over-year.
- North America local business continued to underperform, coming in below expectations.
- The company faces a slower ramp in key drivers, which could affect its ability to achieve full-year guidance.
- The full-year outlook implies a significant acceleration in second-half growth, which carries execution risk.
- The trust and quality initiative is still in early stages, with no immediate consumer-facing communication or guarantees.
Hello and welcome to Groupon second quarter 2026 financial results conference call.
(Operator Instructions)
On the call today, our Chief Executive Officer Dusan thankful, and Chief Financial Officer Rona Kacha.
At this time, all participants are in a listen-only mode. Today's call will be a question-and-answer session only.
The company has posted earnings materials, including earnings commentary on the company's investor relations website at investor.groupon.com. Today's conference call is being recorded.
Before we begin, Groupon would like to remind listeners that the following discussion and responses to the questions reflect management's views as of today, August 7th, 2026, only, and will include forward-looking statements.
Actual results may differ materially from those expressed or implied in the company's forward-looking statements. Groupon undertakes no obligation to up these forward-looking statements as a result of new information or future events.
Additional information about risks and other factors that could potentially impact
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