Groupon, Inc. reported a net loss of $50.6 million for its fourth quarter of 2024, resulting in a loss of $1.20 per share. For the full year 2024, revenue stood at $492.6 million, marking a 4.3% decrease from fiscal year 2023.
Despite the net loss, the company achieved an Adjusted EBITDA of $69 million in Q4 and generated $41 million in free cash flow for the full year. North America Local billings grew 8% year-over-year in Q4, with active customers in the segment increasing by 6%. International Local billings, excluding Italy, also showed recovery with 2% growth in Q4.
Groupon highlighted significant progress on its technology modernization, including the launch of a new fraud detection platform in March 2024, North America cloud migration in July 2024, and North America website updates between July and September 2024. The company also completed its ERP migration in December 2024.
Looking ahead, Groupon raised its full-year 2025 billings growth rate guidance from 2-4% to 3-5%. The company maintained its full-year 2025 revenue and Adjusted EBITDA guidance, which effectively represents a raise for the core business given the anticipated removal of $6 million in revenue and $4 million in Adjusted EBITDA from the sale of the Giftcloud subsidiary in April 2025.
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