Seeking Alpha

Groupon slumps on downbeat ITG Research note

  • ITG says its checks indicate Groupon's (GRPN -3.9%) Q3 U.S. growth has slowed considerably, and that gross billings growth has turned negative.
  • Strong North American numbers were the main reason for the market's euphoric response to Groupon's Q2 results. The company's Q2 NA revenue (62% of total revenue) rose 45% Y/Y, and its billings 30%. That more than offset continued weakness in Groupon's international ops.
Comments (1)
  • Deja Vu
    , contributor
    Comments (1380) | Send Message
     
    Investors should check out Lefkofsky's track record before investing GRPN.
    23 Sep 2013, 10:39 AM Reply Like
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