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Groupon Earnings Rise, Revenue Declines in Q3; Shares Up in Premarket Activity

7:58AM ET 11/05/2021 MT Newswires
Groupon (GRPN) reported adjusted EPS of $0.38 for Q3, up from $0.15 a year earlier. Analysts polled by Capital IQ expected normalized EPS of $0.06.

Revenue for the quarter ended Sept. 30 for the virtual coupon service was $214.2 million, down from $304 million last year. The Street expected $216.4 million.

For full-year 2021, the company said it expects adjusted EBITDA of $130 million to $135 million and revenue of $950 million to $975 million.

Shares of Groupon were up 2.8% in premarket activity.

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