Groupon Announces Third Quarter Results 2020: Speaks Of Major Progress




Groupon announced its third quarter results on November 5, 2020. The company spoke about its notable progress despite challenges and the pandemic. Aaron Cooper, interim CEO of Groupon said, “The entire Groupon organization is focused on returning the company to growth, and in the third quarter we made notable progress.” He also said that the durability of their organization and their hard work, despite the pandemic, makes them believe that they are in a good position in the trillion-dollar local market.

 “I am excited about our team’s ability to deliver another solid quarter in the midst of the pandemic, including a sequential improvement in Local revenue and $31M of Adjusted EBITDA,” said Melissa Thomas, Groupon CFO. “While we have had to make some very tough decisions this year, we believe we have significantly strengthened our foundation and positioned Groupon for long-term, sustainable growth.”

 Groupon projects itself as an “experiences marketplace.” Consumers get to do fun things while local businesses thrive. Customers get a wide selection of varied experiences at affordable and great value. Merchants and companies’ partner with Groupon to increase their customer base to millions worldwide. 

Source :

 Yahoo! financials


(NASDAQ: GRPN)  CWEB Analysts view the stock as a long term growth and a great addition to your investment portfolio with an upward momentum of  $60-$130 by 2021 with direct competition to Amazon and Etsy.

Follow us on Google news for more updates and News


This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.

Full Disclaimer