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Groupon Inc.

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Groupon reported better-than-expected results for the second quarter of 2016 and also raised its outlook for fiscal 2016. North American operations were strong with billings in region up 9% and revenues growing 7%. The company added 1.1 million active customers in the region in the quarter. After sluggish growth in 2015, Groupon is now undergoing a business transition as it shifts its focus from rapid international expansion to developing local core business.  In April, the company got a boost with a sizeable investment from Atairos Management (through Comcast), which is a positive. Though it has already started to benefit from business transition, the costs of the shift continue to weigh on its financials. Plus, it remains dependent on daily deals which is a major concern.

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