- Groupon shares have nearly tripled from their pandemic lows and are up ~20% year to date.
- The stock price performance reflects recovering fundamentals. The company notes that North America billings recovered to 70% of pre-COVID levels.
- Traffic trends seem to suggest consumer interest in Groupon is declining, however.
- Groupon remains focused on penetrating more deeply into a $1 trillion local business market by adding more inventory and introducing Groupon Offers with lower discounts.
- Management believes it can deliver ~$120 million of adjusted EBITDA this year.
For further details see:
Groupon: Looking Healthier, But Risks Abound