By Katherine Hamilton
Groupon swung to a loss in the fourth quarter, but posted higher than expected revenue.
The online coupon provider posted a loss of $50.7 million, or $1.20 a share, compared with a profit of $27.7 million, or 76 cents a share, a year earlier.
Revenue fell 5% to $130.4 million. That beat forecast of $127.7 million of analysts surveyed by FactSet. Global billings decreased 1% to $430 million.
Shares rose 7% to $10.47 after markets closed Tuesday following the results. The stock has dropped 46% in the past year.
Groupon expects revenue in the first quarter to be $114 million to $117 million, compared with the $116 million expected by analysts, according to FactSet.
Chief Executive Dusan Senkypl said the company completed a modernization of its technology stack in 2024, which added some costs. Migrations in fraud detection and the North American cloud and website caused an initial disruption in traffic.
"We continue to navigate post-migration headwinds in our traffic patterns," Senkypl said.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
March 11, 2025 17:18 ET (21:18 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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