SOCL - Does Groupon's Turnaround In Q4 Signal Recovery and Resolve Concerns? | Benzinga
Groupon Inc (NASDAQ:GRPN) reported fourth-quarter fiscal 2023 revenue of $137.7 million, beating the consensus of $136.7 million, and declining by 7% year-on-year.
Adjusted EPS of $0.30 beat the consensus of $0.12. The stock price climbed after the results, only to give up gains later.
North America revenue decreased 6% Y/Y to $99.9 million, driven by a decline in demand for its Goods categories.
International revenue fell 10% Y/Y (15% Y/Y FX-neutral basis) to $37.8 million owing to lower demand for the Goods category and an overall decrease in demand.
Global billings decreased by 6.8% Y/Y to $436.3 million on lower Goods and Travel business billings. ...