Groupon, Inc. (GRPN) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.718 Hello, and thanks for joining us for our second quarter 2025 earnings call. 00:00:05.718 -- 00:00:11.004 It's a pleasure to be with all of you. Yesterday, after the market closed, we released 00:00:11.004 -- 00:00:16.270 our earnings and posted our earnings commentary on our investor relationships website. 00:00:16.270 -- 00:00:22.397 Today, my plan is to make brief opening remarks and then open up the call for questions, 00:00:22.397 -- 00:00:27.402 both live from our analysts and several that were pre-submitted in advance. 00:00:27.402 -- 00:00:33.809 For more details on our quarterly performance, I encourage you to read our earnings commentary. 00:00:33.809 -- 00:00:39.155 In addition, I encourage you to review our press release and thank you, which contain 00:00:39.155 -- 00:00:43.099 more detail on our fourth quarter and full year results. 00:00:43.099 -- 00:00:47.164 I am pleased to report another strong quarter of accelerating growth. 00:00:47.164 -- 00:00:52.409 Global billings grew 12% year over year, marking continued acceleration 00:00:52.409 -- 00:00:54.689 in our growth trajectory. 00:00:54.689 -- 00:00:59.915 This was driven by strong performance in our core local category with North 00:00:59.915 -- 00:01:05.441 America local billings up 20% year over year and international local billings 00:01:05.441 -- 00:01:10.687 excluding Italy and gift cloud up 15% year over year. 00:01:10.687 -- 00:01:16.133 Combined, our core local category excluding Italy and gift cloud grew 19% 00:01:16.133 -- 00:01:20.761 and now represents nearly 90% of our billings. 00:01:20.761 -- 00:01:25.788 This validates the scalability of our marketplace transformation playbook and keeps 00:01:25.788 -- 00:01:31.036 us on track toward our target of ...