GRPN - Why Local Marketplace Groupon Shares Are Tanking Today | Benzinga
Groupon Inc (NASDAQ: GRPN) reported Q3 FY23 revenue of $126.5 million, missing the consensus of $129.6 million.
North America revenue decreased 12% Y/Y to $94.9 million due to a decline in engagement on the platform that resulted in fewer unit sales.
International revenue fell 14% Y/Y (19% Y/Y FX-neutral basis) to $31.5 million owing to lower demand for the Goods and Local categories and a reduced engagement on its platform.
Global billings decreased by 3.5% Y/Y to $418.8 million on lower billings in Travel and Goods businesses. Global ...