Strong Global Billings Growth
Global billings grew 11% year-over-year, marking the second consecutive quarter of double-digit growth. North America local category grew 18% and international local, excluding Giftcloud, increased by 15% year-over-year.
Core Local Category Success
The core local category now represents 89% of billings and grew 18%, showcasing the scalability of Groupon's hyperlocal marketplace playbook.
Adjusted EBITDA and Free Cash Flow
Delivered adjusted EBITDA of $18 million, surpassing expectations, and trailing 12 months free cash flow reached $60 million.
Customer and Market Expansion
Added nearly 300,000 net new active customers quarter-over-quarter and over 1 million in the last four quarters, excluding Italy.
Chicago Market Growth
Chicago is now the largest city market, growing at nearly double the rate of North America local overall.
Technology Advancements
Deal page conversion rates improved 13% year-over-year in North America, indicating successful platform modernization efforts.