NASDAQ$GRPN

Groupon Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported strong financial and operating results, leveraging the recovery tailwind and executing on cost structure reduction.

Groupon announced first quarter 2021 results, with revenue of $264 million and gross profit of $167 million. The company reported income from continuing operations of $14 million and adjusted EBITDA of $30 million. GAAP net income per diluted share was $0.48, and non-GAAP net income per diluted share was $0.25. Groupon ended the quarter with $677 million in cash and raised full year 2021 revenue and adjusted EBITDA guidance.

  • Revenue reached $264 million, with a gross profit of $167 million.
  • Income from continuing operations was $14 million.
  • Adjusted EBITDA stood at $30 million.
  • Ended the first quarter with $677 million in cash.

Headline financials

Total Revenue

$264M

Previous: $374M-29.5%
EPS (adj)

$0.25

Previous: -$1.63+115.3%
Active Customers

25.8M

No prior period
Capital Expenditures

-$12M

Previous: -$10.6M-13.6%
Free Cash Flow

$2.52M

Previous: -$224M+101.1%
Net Income

$14.6M

Previous: -$214M+106.8%
Operating Income

-$1.25M

Previous: -$198M+99.4%
Gross Profit

$167M

Previous: $201M-17.0%
Cash & Equivalents

$677M

Previous: $667M+1.5%
Total Assets

$1.4B

Previous: $1.28B+9.3%
Stock-Based Comp

$7.18M

Previous: $14M-48.8%

Revenue & EPS history

Groupon · Revenue · Quarterly

$264M

Q1 2021-29.5%vs Q1 2020
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

Groupon · $155M total across 2 segments · Q1 2021

  • Local
    $149M-22.4%
  • Travel
    $6.81M-30.0%

Forward guidance

For the full year 2021, the company now expects to deliver $950 million to $990 million of revenue and $110 million to $120 million of Adjusted EBITDA.

Tailwinds

  • Revenue is expected to be between $950 million and $990 million.
  • Adjusted EBITDA is projected to be between $110 million and $120 million.
  • Significantly reduced fixed cost structure.
  • Strategic steps to further enhance the balance sheet.
  • Equipped with the resources to continue executing on long-term growth plan.

Headwinds

  • No specific negative aspects were mentioned in the provided text.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-3.0%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+3.9%

Avg return

30 days after

37%

23 / 62 earnings

Positive

+55.8%

Q2 2020

Best reaction

-39.9%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.6%+9.9%+3.8%
Q4 2025-4.2%-11.1%+2.4%
Q3 2025-5.0%+0.4%-6.1%
Q1 2025+42.6%+55.8%+94.0%
Q4 2024+43.1%+63.6%+95.0%
Q3 2024-29.8%-31.0%+0.8%
Q2 2024-22.2%-32.5%-18.9%
Q1 2024+20.9%+57.4%+32.2%
Q4 2023-21.0%-17.9%-42.9%
Q3 2023-36.6%-31.0%-18.7%
Q2 2023-7.9%+18.4%+45.9%
Q1 2023-9.3%-16.1%+42.2%
Q4 2022-19.8%-17.5%-26.5%
Q3 2022+26.9%+42.9%+3.0%
Q2 2022-2.0%-0.9%-15.2%
Q1 2022-16.7%-10.3%-0.5%
Q4 2021-12.8%-26.0%-16.2%
Q3 2021+14.6%+10.3%-15.5%
Q2 2021-14.6%-24.9%-36.6%
Q1 2021-2.0%-2.5%-10.1%
Q4 2020+12.6%+49.4%+23.5%
Q3 2020+4.2%+7.7%+61.5%
Q2 2020+55.8%+53.6%+99.8%
Q1 2020-11.0%-10.7%-26.9%
Q4 2019-39.9%-41.7%-80.2%
Q3 2019+4.5%+2.4%+1.0%
Q2 2019-9.0%-9.8%-28.0%
Q1 2019+3.1%+1.7%-0.8%
Q4 2018-6.1%-6.9%-9.6%
Q3 2018-8.0%-10.1%-4.9%
Q2 2018-3.4%-6.8%-9.9%
Q1 2018+7.0%+5.2%-3.1%
Q4 2017-12.1%-13.3%-11.5%
Q3 2017+10.5%+14.9%+18.0%
Q2 2017+10.1%+6.5%+14.5%
Q1 2017-14.3%-11.3%-24.3%
Q4 2016+22.5%+23.3%+7.9%
Q3 2016-22.9%-25.0%-22.7%
Q2 2016+24.6%+27.6%+37.6%
Q1 2016-21.5%
Q4 2015+28.4%
Q3 2015-22.5%
Q2 2015-8.3%
Q1 2015-10.2%
Q4 2014+5.1%
Q3 2014+26.3%
Q2 2014-12.1%
Q1 2014-22.6%
Q4 2013-19.9%
Q3 2013+1.0%
Q2 2013+21.8%
Q1 2013+15.6%
Q4 2012-18.4%
Q3 2011-31.4%
Q3 2012-26.6%
Q2 2011-29.5%
Q2 2012-25.9%
Q1 2011+11.2%
Q1 2012+22.9%
Q4 2009-13.7%
Q4 2010-13.7%
Q4 2011-13.7%
Q3 2010
Q2 2010
Q1 2010

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro