Groupon (GRPN, Financial) experienced a significant surge in its stock price, opening with a 28.3% increase. The digital marketplace platform's positive performance was driven by its full-year revenue guidance, which exceeded Wall Street expectations. Groupon projected its annual revenue to be between $493 million and $500 million, surpassing the consensus estimate of $491.5 million from analysts surveyed by Refinitiv.
Additionally, Groupon's fourth-quarter revenue also outperformed Wall Street's forecasts, further boosting investor confidence in the company's growth trajectory. The optimistic outlook and robust quarterly performance have contributed to the stock's impressive rise.
