Groupon Q2 revenue $124.6M (-3% YoY), net loss narrows to $9.4M; NA Local grows 7%

Groupon, Inc.

2024-Q2 EPS reported -$0.58 revenue$247,699,000

Net loss of $9.4M improved from $12.0M loss in prior year; adjusted EBITDA $16.5M positive.
Operating cash flow +$15.3M and free cash flow +$10.8M; cash balance $178.1M at quarter end.
North America Local revenue $91.7M (+7% YoY); overall NA revenue $98.4M (+3% YoY).
Marketing spend rose to 32% of gross profit ($36.5M) vs 20% a year ago ($22.3M).
Active customers: NA 10.2M (-3% YoY), International 5.6M (-19% YoY) both declining.

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