Groupon Inc GRPN:NASDAQ

Last Price$10.99NASDAQ Closing Price as of 4:00PM ET 7/01/22

Today's Change-0.31(2.74%)
Bid (Size)$11.01 (4)
Ask (Size)$11.03 (19)
Day Low / High$10.57 - 11.61
Volume1.2 M

Groupon Swings to Q1 Adjusted Loss as Revenue Drops; Company Issues Q2 Outlook

4:55PM ET 5/09/2022 MT Newswires
Groupon (GRPN) reported late Monday a Q1 adjusted net loss of $0.80 per diluted share, reversing an adjusted EPS of $0.25 a year earlier.

Three analysts polled by Capital IQ projected a per-share loss of $0.53.

Revenue for the quarter ended March 31 was $153.3 million, down from $263.8 million a year earlier.

Four analysts surveyed by Capital IQ forecast $165.3 million.

For Q2, the company said it expects revenue of $155 million to $165 million. Four analysts polled by Capital IQ are looking for $202.5 million. The company also expects adjusted EBITDA to be between $0 and $10 million.

For full-year 2022, Groupon said it expects revenue of $670 million to $700 million. Analysts polled by Capital IQ are expecting $840.9 million. The company also expects adjusted EBITDA of $60 million to $80 million.

Groupon's shares tumbled more than 13% in recent Monday after-hours activity.

Price: 13.5, Change: -2.16, Percent Change: -13.79