Groupon reports Q2 EPS (10c) , consensus (18c)

Reports Q2 revenue $129.1M, consensus $123.0M. “After completing the first quarter as interim CEO, I have better visibility into how much work is waiting ahead and, at the same time, I can see that we are on the right path towards a successful transformation of the Company,” said Dusan Senkypl, Interim CEO of Groupon. “While progress is not always linear and our business continues to be challenged, I am pleased to see sequential improvement in our financial performance. And though we continue to expect year-over-year revenue declines throughout 2023, we began to see improvements in the rate of decline during the second quarter, earlier than anticipated, and expect that trend to continue throughout 2023.”