Groupon, Inc. (GRPN) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and thanks for joining us for our second quarter 2025 earnings call. It's a pleasure to be with all of you. Yesterday, after the market closed, we released our earnings and posted our earnings commentary on our investor relationships website. Today, my plan is to make brief opening remarks and then open up the call for questions, both live from our analysts and several that were pre-submitted in advance. For more details on our quarterly performance, I encourage you to read our earnings commentary. In addition, I encourage you to review our press release and thank you, which contain more detail on our fourth quarter and full year results. I am pleased to report another strong quarter of accelerating growth. Global billings grew 12% year over year, marking continued acceleration in our growth trajectory. This was driven by strong performance in our core local category with North America local billings up 20% year over year and international local billings excluding Italy and gift cloud up 15% year over year. Combined, our core local category excluding Italy and gift cloud grew 19% and now represents nearly 90% of our billings. This validates the scalability of our marketplace transformation playbook and keeps us on track toward our target of accelerating global billings growth to over 20% by 2027. We generated strong positive free cash flow of 25 million, demonstrating our ability to drive profitable growth while investing in our platform and team. We also announced a proactive refinancing that meaningfully simplifies our capital structure and eliminates constraints, putting Groupon in a position to play offense. Our hyper-local strategy continues to deliver strong results. Our North America enterprise brands had an exceptionally strong quarter, with 26 brands ...