NASDAQ$GRPN
Groupon Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Groupon's business was stabilized with a focus on returning to growth.
Groupon reported a decrease in revenue and gross profit compared to the previous year, but saw positive trends in adjusted EBITDA and free cash flow due to cost-cutting measures and better-than-expected gross profit performance.
- Second quarter revenue was $396 million and gross profit was $137 million.
- Second quarter loss from continuing operations was $73 million.
- Second quarter Adjusted EBITDA was $1 million.
- Ended the second quarter with $785 million in cash.
Headline financials
Revenue & EPS history
Groupon · Revenue · Quarterly
$396M
Revenue by segment
Groupon · $396M total across 3 segments · Q2 2020
- Goods$292M—73.9%
- Local$99.7M—25.2%
- Travel$3.48M—0.9%
Forward guidance
Groupon expects to realize approximately $140 million in savings from the combination of multi-phase restructuring actions and furloughs in 2020, and approximately $200 million in savings from restructuring actions in 2021. The multi-phase restructuring plan is expected to deliver approximately $225 million in annualized fixed cost savings once fully implemented.
Tailwinds
- Expand inventory
- Modernize the marketplace by improving the merchant and customer experiences
- Launching a new inventory product, Offers, and updating Deals and Market Rate inventory products
- Provide merchants with a modern experience, including tools they need to scale, grow, and manage their businesses no matter where they are in their growth cycles.
- Groupon will also continue its efforts to create a more modern experience for customers
Headwinds
- Our ability to execute, and achieve the expected benefits of our go-forward strategy
- Execution of the phase down of the Goods category
- Volatility in our operating results
- Effects of pandemics or disease outbreaks, including COVID-19, on our business
- Execution of our business and marketing strategies
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 Q2 2020
-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
| Quarter | Report date | Reaction (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