Groupon (GRPN) Misses Q2 EPS by 1c, Revenues Miss; Affirms FY18 Adj. EBITDA Outlook

Groupon (NASDAQ: GRPN) reported Q2 EPS of $0.02, $0.01 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $617.4 million versus the consensus estimate of $632.46 million.

• Gross profit of $323.7 million
• Net loss from continuing operations of $92.3 million
• Adjusted EBITDA of $56.2 million
• GAAP loss per diluted share of $0.17; non-GAAP earnings per diluted share of $0.02
• Operating cash flow of $212.4 million for the trailing twelve month period; Free cash flow of $145.2 million for the trailing twelve month period
• 2018 Adjusted EBITDA guidance of $280 million to $290 million reiterated

"In the second quarter, we continued our progress and invested in the key things necessary to make Groupon the daily habit in local commerce," said CEO Rich Williams. "With strong Adjusted EBITDA and free cash flow, as well as improvement in International and continued operational efficiency, we enter the second half of 2018 well positioned for success."

GUIDANCE:

For the full year 2018, Groupon continues to expect Adjusted EBITDA to be between $280 million and $290 million. Excluding any amounts that might be paid related to the IBM litigation, Groupon anticipates generating free cash flow of approximately $200 million.

For earnings history and earnings-related data on Groupon (GRPN) click here.

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