India, March 12 -- Shares of Groupon, Inc. (GRPN) soared over 30% on Wednesday morning after the company reported its fourth-quarter results and issued revenue outlook for the first quarter and full year of 2025
GRPN is currently trading at $12.84, up $3.07 or 31.42%, on the Nasdaq. The stock opened its trading at $12.23 after closing Tuesday at $9.77. The stock has traded between $7.75 and $19.56 in the past 52-week period.
For the fourth quarter, revenues slipped to $130.4 million, compared to $137.7 million last year. The company reported net loss of $50.6 million or $1.20 per share for the quarter, compared to net income of $27.7 million or $0.76 per share last year.
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