Groupon Reports Fourth Quarter and Fiscal Year 2024 Results
Rhea-AI Summary
Groupon (NASDAQ: GRPN) has released its Q4 and fiscal year 2024 financial results, highlighting a successful transformation strategy. North America Local performance showed mixed results with Q4 Local Revenue remaining flat while Local Billings increased by 8%. For the full year 2024, Local Revenue grew 1% with Local Billings up 3%.
The company achieved significant cash flow milestones, reporting positive trailing twelve-month operating cash flow of $55.9 million and Free Cash Flow of $40.6 million, marking the first positive free cash flow since the post-pandemic period. Following a challenging Q3, the company demonstrated recovery in Q4 2024, positioning itself for potential growth acceleration in 2025.
Positive
- First positive free cash flow ($40.6M) since post-pandemic period
- Operating cash flow positive at $55.9M
- North America Local Billings up 8% in Q4
- Full year Local Revenue growth of 1%
Negative
- Q4 North America Local Revenue remained flat
- Modest 3% growth in full-year Local Billings
North America Q4 Local Revenue flat and Local Billings +
North America 2024 Local Revenue +
Positive Trailing twelve month operating cash flow of
Chicago, Illinois--(Newsfile Corp. - March 11, 2025) - Groupon, Inc. (NASDAQ: GRPN) today announced its financial results for the quarter and year ended December 31, 2024 and provided details on its recent operating progress. The Company filed its Form 10-K with the Securities and Exchange Commission and posted earnings commentary including an updated presentation on its investor relations website (investor.groupon.com).
"In 2024, we successfully executed our transformation strategy, returning North America Local to growth and generating positive free cash flow for the first time since exiting the pandemic," said Dusan Senkypl, Chief Executive Officer of Groupon. "After a bumpy Q3, we rebounded nicely in the fourth quarter, with North America Local Billings growing
The fourth quarter and full year 2024 earnings materials are posted on Groupon's Investor Relations site located at investor.groupon.com.
About Groupon
Groupon (NASDAQ: GRPN) (www.groupon.com) is a trusted local marketplace where consumers go to buy services and experiences that make life more interesting and deliver boundless value. To find out more about Groupon, please visit press.groupon.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244131
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