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We provide the latest news from the world of economics and finance
We provide the latest news from the world of economics and finance
(RTTNews) - 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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