Groupon Inc
For the period ended Jun 30, 2024. Filed Jul 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 30, 2024
GRPN$12.51-23.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
(in thousands, except share and per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $124,615 | $129,109 | $247,699 | $250,720 |
| Cost of revenue | 11,948 | 16,144 | 24,475 | 33,044 |
| Gross profit | 112,667 | 112,965 | 223,224 | 217,676 |
| Operating expenses: | ||||
| Marketing | 36,520 | 22,267 | 65,329 | 47,115 |
| Selling, general and administrative | 77,212 | 96,263 | 151,610 | 197,897 |
| Restructuring and related charges (credits) | (379) | (689) | (283) | 8,105 |
| Gain on sale of assets | (5,044) | — | (5,160) | — |
| Total operating expenses | 108,309 | 117,841 | 211,496 | 253,117 |
| Income (loss) from operations | 4,358 | (4,876) | 11,728 | (35,441) |
| Other income (expense), net | (4,483) | (4,805) | (17,165) | (1,735) |
| Income (loss) before provision (benefit) for income taxes | (125) | (9,681) | (5,437) | (37,176) |
| Provision (benefit) for income taxes | 9,287 | 2,323 | 15,481 | 3,441 |
| Net income (loss) | (9,412) | (12,004) | (20,918) | (40,617) |
| Net (income) loss attributable to noncontrolling interests | (623) | (603) | (1,388) | (1,137) |
| Net income (loss) attributable to Groupon, Inc. | $(10,035) | $(12,607) | $(22,306) | $(41,754) |
| Basic and diluted net income (loss) per share: | $(0.25) | $(0.41) | $(0.58) | $(1.36) |
| Basic and diluted weighted average number of shares outstanding: | 39,430,656 | 31,020,493 | 38,570,401 | 30,796,943 |
| Comprehensive income (loss): | ||||
| Net income (loss) | $(9,412) | $(12,004) | $(20,918) | $(40,617) |
| Other comprehensive income (loss): | ||||
| Net change in unrealized gain (loss) on foreign currency translation adjustments | 4,602 | 5,745 | 16,954 | (103) |
| Comprehensive income (loss) | (4,810) | (6,259) | (3,964) | (40,720) |
| Comprehensive (income) loss attributable to noncontrolling interest | (623) | (603) | (1,388) | (1,137) |
| Comprehensive income (loss) attributable to Groupon, Inc. | $(5,433) | $(6,862) | $(5,352) | $(41,857) |
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