Gross profit declined 3.3% to $309.5M. EBITDA of $44.8M beat an expected $38.1M.
Gross billings were $1.36B (down 1% Y/Y): $779M in Local (up 5.3%); $167.3M in Travel (up 0.1%); $411.7M in Goods (down 11.1%).
Revenue breakout: Third-party and other, $301.6M (down 2.6%); direct, $372M (down 4.3%).
Revenue by category: Local, $264.1M (up 1.2%); Travel, $31.5M (down 5.7%); Goods, $378M (down 6.4%).
It reiterated its full-year outlook for gross profit of $1.3B-$1.35B, and EBITDA of $200M-$240M (vs. consensus for $217.4M).