Groupon (GRPN) Q2 FY26 earnings call

Groupon is undergoing a company-wide AI-native transformation, Project Foundry, to enhance execution velocity and customer experience. While Q2 saw a slight top-line miss, particularly in North America local, the company reported strong adjusted EBITDA and free cash flow, with July showing accelerating growth. Management is confident in achieving its fourth consecutive year of improving revenue growth, driven by platform migration, strategic bets, and increased marketing investment.