Groupon Stock Price, News & Analysis

Groupon (GRPN) reported nearly $350 million in billings for Q3, reflecting stability in its local category. The company is focusing on reducing costs and enhancing marketplace experiences as part of its turnaround strategy. Groupon reiterated its targets for 2023, indicating confidence in its operational progress. Despite current challenges, the company aims to position itself for profitable growth through economic cycles.

Groupon, Inc. (NASDAQ: GRPN) announced its plans to release third quarter 2022 financial results on Monday, November 7, 2022, following market close. A conference call to discuss these results is scheduled for 5:00 PM ET. Investors can access a live webcast of the call at investor.groupon.com, with a replay available afterward. This announcement signals the company's ongoing commitment to transparency and engagement with its shareholders.

Groupon announced its second annual Groupon Day, starting on October 7 and culminating on October 14. This event will focus on experience-related gifts, with over 80% of consumers planning to spend more this holiday season despite inflation concerns. Groupon is introducing exclusive offers, including passes valued at $5,000 for just $250, and promotional experiences like Rom-Com getaways valued at $3,500 for $350. The event aims to boost local businesses and provide significant discounts on experiences.

Groupon, Inc. (NASDAQ: GRPN) will have its CEO Kedar Deshpande and Interim CFO Damien Schmitz participate in the Goldman Sachs Communacopia + Technology Conference on September 14-15, 2022. They will engage in a fireside chat on Thursday, September 15, at 7:30am PT. The event will be available via a live audio webcast and replay on the company's investor relations website. Groupon is a prominent local marketplace offering diverse services and experiences.

Groupon (NASDAQ: GRPN) reported local billings of $361 million in Q2, reflecting a 5% increase (FX-neutral) from Q1. The company announced a plan to cut annual expenses by $150 million as part of its turnaround strategy. Additionally, Groupon reiterated its 2023 financial targets, aiming for stability and growth.

Groupon (NASDAQ: GRPN) has announced it will release its second quarter 2022 financial results after market close on August 8, 2022. A conference call to discuss these results is scheduled for August 9, 2022, at 10:00 AM ET. Investors can access a live webcast of the call at investor.groupon.com, with a replay available post-event. This announcement is part of Groupon's ongoing commitment to transparency with its shareholders.

Groupon is enhancing its technology platform to speed up product development and improve customer experiences. The company aims to simplify operations by adopting Agile methods, migrating 75% of its data to the cloud, and automating processes.
CTO Sachin Devand emphasizes leveraging tech assets and reducing platform complexity to drive growth. Key initiatives include re-architecting services and increasing self-service automation for merchants, which could enhance flexibility and cost efficiency.
These foundational changes are expected to benefit stakeholders significantly.

Groupon (NASDAQ: GRPN) announced a cooperation agreement with Pale Fire Capital, its largest shareholder (22% ownership). As part of this agreement, Dusan Senkypl will join the board as a director, while Jan Barta will become a board observer and is set to be appointed as a director by November 30, 2022. The board will consist of nine members, with eight being independent. Both companies aim to leverage the expertise of Pale Fire to enhance Groupon's marketplace and drive stakeholder value amidst a challenging economic landscape.