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Sep 30, 2024
Groupon Q3 2024 Earnings Report
Groupon's financial performance in Q3 2024 reflected revenue at the low-end of guidance and EBITDA above the high-end of guidance.
Key Takeaways
Groupon's Q3 2024 results showed a mixed performance with revenue at $114.5 million, a 9% decrease year-over-year, while achieving a net income of $14.5 million and an adjusted EBITDA of $14.8 million. The company exited the quarter with $159.7 million in cash.
Global revenue was $114.5 million, a decrease of 9% year-over-year.
Global billings totaled $373.4 million.
Net income reached $14.5 million, a significant improvement compared to the prior year's net loss of $40.8 million.
Adjusted EBITDA was $14.8 million, compared to $18.2 million in the prior year.
Groupon
Groupon
Groupon Revenue by Segment
Groupon Revenue by Geographic Location
Revenue by Segment
Local Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
The statements contained in this release that refer to plans and expectations for the next quarter, the full year or the future are forward-looking statements which involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in our forward-looking statements.