Groupon Q1 2021 Earnings Report
Key Takeaways
Groupon announced first quarter 2021 results, with revenue of $264 million and gross profit of $167 million. The company reported income from continuing operations of $14 million and adjusted EBITDA of $30 million. GAAP net income per diluted share was $0.48, and non-GAAP net income per diluted share was $0.25. Groupon ended the quarter with $677 million in cash and raised full year 2021 revenue and adjusted EBITDA guidance.
Revenue reached $264 million, with a gross profit of $167 million.
Income from continuing operations was $14 million.
Adjusted EBITDA stood at $30 million.
Ended the first quarter with $677 million in cash.
Groupon
Groupon
Groupon Revenue by Segment
Groupon Revenue by Geographic Location
Forward Guidance
For the full year 2021, the company now expects to deliver $950 million to $990 million of revenue and $110 million to $120 million of Adjusted EBITDA.
Positive Outlook
- Revenue is expected to be between $950 million and $990 million.
- Adjusted EBITDA is projected to be between $110 million and $120 million.
- Significantly reduced fixed cost structure.
- Strategic steps to further enhance the balance sheet.
- Equipped with the resources to continue executing on long-term growth plan.
Challenges Ahead
- No specific negative aspects were mentioned in the provided text.
Revenue & Expenses
Visualization of income flow from segment revenue to net income