Groupon Reports Third Quarter 2024 Results
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Groupon reported its Q3 2024 results, with revenue at the low-end of guidance but EBITDA exceeding expectations. International Local revenue declined by 13%, or 2% excluding Italy. The company also announced a $197 million financing transaction.
November 12, 2024 | 10:15 pm
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Groupon's Q3 2024 revenue was at the low-end of guidance, but EBITDA exceeded expectations. International Local revenue saw a decline, and a $197 million financing transaction was announced.
The mixed results with revenue at the low-end but EBITDA above expectations suggest a neutral short-term impact. The decline in International Local revenue is a concern, but the financing transaction could provide liquidity support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100