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Groupon Shares Sinks 11% on Q1 Miss and Disappointing Guidance



Groupon (NASDAQ:) shares dropped greater than 11% after-hours following the corporate’s reported , with EPS of ($0.80) coming in worse than the consensus estimate. Income declined 42% year-over-year to $153.3 million, lacking the consensus estimate of $165.81 million.

North America income declined 25% year-over-year to $110.2 million, primarily as a consequence of decrease gross billings in Native and Items classes. Worldwide income declined 63% year-over-year to $43.2 million, primarily as a result of transition of Items to a third-party market mannequin (income acknowledged on a web foundation vs. gross foundation for first-party mannequin), in addition to as a consequence of decrease Items gross billings, partially offset by a rise in Native gross billings and improved buyer refund ranges.

The corporate expects Q2/22 income within the vary of $155-165 million, in comparison with the consensus estimate of $202.4 million. For the total 2022-year, the corporate expects income of $670-700 million, in comparison with the consensus estimate of $837.08 million.

By Davit Kirakosyan



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