Groupon (GRPN) Reports Loss in Q2, Revenues Decrease Y/Y

Groupon (GRPN) reported a non-GAAP loss of 2 cents per share in the second quarter of 2024, wider than the Zacks Consensus Estimate of a loss of 1 cent per share. The company reported a non-GAAP loss of 10 cents per share in the year-ago quarter.Revenues of $124.6 million beat the consensus estimate by 2.4%. The figure decreased 3.5% on a year-over-year basis (down 3.4%, excluding the foreign exchange effect).Region-wise, North America revenues of$ 98.4 million beat the consensus mark by 7.4% and rose 2.6% ...