Groupon slumps 20%, guides Q4 revenue below consensus, cuts FY guidance

seekingalpha

2024-11-13

seewhatmitchsee/iStock Editorial via Getty Images

E-commerce company Groupon (NASDAQ:GRPN) stock price tumbled ~20% on Wednesday pre-market trading as the company reported its Q3 results, with its revenue at the lower end of guidance.

The company reported Q3 revenue of $114M, a decrease 9.5% Y/Y. Revenue as a percentage of gross billings

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