Groupon Inc. (GRPN) reported a third-quarter FY21 revenue decline of 30 percent year-on-year to $214.2 million, beating the consensus of $213.1 million. Service revenue grew 28.3 percent Y/Y to $198.98 million.
Lower demand for the Goods category and the transition from a first-party to a third-party marketplace model drove the decline.
