Groupon, Inc. (GRPN) Friday updated its outlook for the fourth quarter of 2024.
The company now expects fourth-quarter 2023 revenues to be close to, or above, the high-end of its guidance. Adjusted EBITDA is expected to be close to, or above, the high-end of our guidance.
The company said it ended the year with approximately $141 million in cash & cash equivalents and approximately $26 million in restricted cash. During fourth quarter 2023, we paid down $3.9 million of borrowings under our revolving credit agreement and received $18.9 million in proceeds from previously disclosed sales of portions of our investment in SumUp.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.