Groupon's Q1 2024 results exceeded expectations, marked by a return to consolidated revenue growth for the first time since 2016 and the fourth consecutive quarter of positive Adjusted EBITDA. The company reported global revenue of $123.1 million and an adjusted EBITDA of $19.5 million.
Global revenue reached $123.1 million, up 1% year-over-year.
Global billings amounted to $381.1 million.
Net loss was $11.5 million, an improvement from the prior year.
Adjusted EBITDA was positive at $19.5 million, compared to a negative $4.9 million in the previous year.
The earnings report does not contain specific forward guidance.
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