GRPN Q2 Loss Narrower Than Expected, Revenues Miss on Local Weakness
Groupon reported a narrower-than-expected loss in Q2, but revenues missed expectations due to weakness in North America Local. International growth and customer gains provided some offsets to the revenue shortfall.
Why it matters — A GRPN watcher would care because the report highlights the company's improved bottom-line results against lingering challenges in its core North America Local business.