-=Groupon (GRPN) reported earnings on Wed 9 May 2018 (b/o)

Groupon beats by $0.03, beats on revs; raises FY18 Adj-EBITDA outlook, Board approves $300 mln share repurchase authorization  

• Reports Q1 (Mar) earnings of $0.03 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of ($0.00); revenues fell 7.0% year/year to $626.54 mln vs the $604.16 mln Capital IQ Consensus.
• Adjusted EBITDA, a non-GAAP financial measure, was $52.6 million in the first quarter 2018, up 17% from $44.8 million in the first quarter 2017.
• In May 2018, the Board of Directors approved a $300 million share repurchase authorization, which replaces the recently expired authorization.
• Outlook: Groupon is raising its outlook for 2018, which reflects current foreign exchange rates and the Vouchercloud acquisition, which they expect to contribute $5 to $6 million to Adjusted EBITDA in 2018. For the full year 2018, Groupon now expects Adjusted EBITDA to be between $280 million and $290 million, an increase from the previously provided range of $260 million and $270 million.