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Mar 31, 2021
Groupon Q1 2021 Earnings Report
Reported strong financial and operating results, leveraging the recovery tailwind and executing on cost structure reduction.
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
Revenue by Segment
Local Revenue
CapyFin.comTravel Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com 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