Groupon Shares Sinks 11% on Q1 Miss and Disappointing Guidance -Breaking
[ad_1]
Groupon (NASDAQ:) shares dropped more than 11% after-hours following the company’s reported , with EPS of ($0.80) coming in worse than the consensus estimate. Revenue fell by 42% to $153.3million year-over-year, which was below the consensus estimate at $165.81million.
North America revenue decreased 25% year over year to $110.2million, principally due to lower gross bills in both the Goods and Local categories. The transition of Goods into a third party marketplace model led to an international revenue decline of 63% to $43.2million. This was partially due to lower Goods gross bills, partly offset by higher Local gross billings.
According to consensus estimates of $222.4 million, the company anticipates revenue for Q2/22 in the $155-165 millions range. According to consensus estimates, revenue will be $670-700million for 2022, which is $837.08 billion less than the total.
By Davit Kirakosyan
[ad_2]