Friday, November 5, 2021

Groupon Swings To Profit In Q3, But Trims Revenue Outlook

Marketplace Groupon Inc. reported Friday a profit for the third quarter compared to a loss last year, primarily driven by an increase in North America Local gross billings and lower costs, destine a revenue decline. Adjusted earnings per share and quarterly revenues topped analysts' expectations. The company also trimmed its revenue guidance for the full-year 2021.

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