Earnings release
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CHICAGO - August 5 , 2021 - Groupon , Inc. ( NASDAQ : GRPN ) today announced its financial results for the second quarter ended June 30 , 2021 and provided details on its recent operating progress . The company filed its Form 10 - Q with the Securities and Exchange Commission and posted an updated presentation on its investor relations website ( investor.groupon.com ) . " We delivered solid financial results in the second quarter , including the highest level of quarterly global local billings since the pandemic began , " said Aaron Cooper , Interim CEO of Groupon . " From an operational perspective , we made strong progress , successfully removing Deal restrictions on more than 70 % of our inventory in North America . We also recently scaled our new customer experience in North America and debuted a new brand marketing campaign , both of which we expect to be key to driving consumer engagement and , over the long - term , purchase frequency . We are steadily scaling our initiatives to expand inventory and modernize our marketplace , and believe we are executing the right strategy to transform Groupon into a destination for local experiences and build a foundation for growth . " Operational Highlights We continue to make progress on our two strategic priorities - expanding inventory and modernizing our marketplace : Increased the amount of Deal inventory that is repeatable to more than 70 % Grew listings per Beauty and Wellness merchant in North America by over 20 % Completed the rollout of our new customer experience to our North America app , mobile and desktop users ● Groupon Reports Second Quarter 2021 Results Global Local Billings Up 22 % Sequentially versus First Quarter 2021 North America Customer Base Stable in the Second Quarter Completed Rollout of New Customer Experience in North America ● Drove strong merchant adoption of self - service ; nearly 50 % of Deals launches in North America were done via self - service during the quarter ● Launched the Merchant Advisor Tool , a new feature set that provides strategic campaign recommendations to merchants Outlook For the full year 2021 , we are updating our Adjusted EBITDA guidance to a range of $ 115 million to $ 125 million and continue to expect to deliver $ 950 million to $ 990 million of revenue . Second Quarter 2021 Summary Consolidated Revenue was $ 266.0 million in the second quarter 2021 , down 33 % ( 35 % FX - neutral ) compared with the second quarter 2020 . Gross profit was $ 193.9 million in the second quarter 2021 , up 41 % ( 38 % FX - neutral ) compared with the second quarter 2020 .