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GRPNBearishEarningsnews
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Groupon (GRPN) Q1 Earnings and Revenues Beat Estimates, Up Y/Y

May 10, 2024, 12:00 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Groupon reported non-GAAP earnings of 6 cents per share, beating expectations in Q1 2024. - Total revenues of $123.1 million beat consensus by 4%, with a 1% YoY increase. - Groupon's active customer base declined to 16.1 million from 18.2 million YoY. - Groupon expects a year-over-year revenue decline for Q2 and 2024. Price Impact Rating: bearish Impact Horizon Rating: short-term Type: Earnings

  • Groupon reported non-GAAP earnings of 6 cents per share, beating expectations in Q1 2024.
  • Total revenues of $123.1 million beat consensus by 4%, with a 1% YoY increase.
  • Groupon's active customer base declined to 16.1 million from 18.2 million YoY.
  • Groupon expects a year-over-year revenue decline for Q2 and 2024.

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