Q3 2024 Groupon Inc Earnings Call Transcript

Nov 12, 2024 / 10:00 PM GMT

Release Date Price: €10.89 (+3.03%)

Transcript 10-Q8-K

Key Points

Positve

Groupon Inc (GRPN) exceeded the high end of its EBITDA guidance for Q3 2024.
The international local segment, excluding Italy, showed stable and improving trends with a revenue decline of only 2% year over year.
The company achieved a milestone of 100% mobile web and desktop traffic in North America on its new website, leading to faster feature development.
Groupon Inc (GRPN) announced a new secured convertible debt agreement, raising $197 million, providing financial flexibility.
The company reported positive adjusted EBITDA for the sixth consecutive quarter, with a trailing 12-month adjusted EBITDA of $78 million.

Negative

North America business faced headwinds due to technical issues related to platform migrations, impacting revenue.
There was a one-time drop in retention rates of legacy customers, which may affect future financial performance.
Consolidated billings decreased by approximately 10.9% year over year, with revenue down 9.5%.
The goods category continues to struggle, with billings down 29.6% year over year, and no near-term change in the negative trend is expected.
The company revised its full-year 2024 revenue outlook to a decline of 6% to 4%, below prior expectations.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GRPN.OQ - Groupon Inc
Q3 2024 Groupon Inc Earnings Call
Nov 12, 2024 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to Groupon's third quarter, 2024. Financial results conference call on the call today. Our Chief Executive Officer Duhon Skol, Chief Financial Officer Yi Pump and Senior Vice President of Corporate Development and investor relations, Rana Kho.

At this time, all participants are in a listen-only mode, a question and answer session will follow the company's formal remarks. Today's conference call is being recorded before we begin. Groupon would like to remind listeners that the following discussion and responses to your questions reflects management's views as of today, November 12th, 2024 only and will include forward-looking statements. Actual results may differ materially from those expressed or implied in the company's

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