I have been quite vocal on the belief that Groupon is returning to glory. Latest results were posted this evening and I believe the return is intact. First consolidated growth since 2016. Yes, 2016.

Management tends to beat their high end guidance that is clearly achievable. Last quarter the high end was $118 in revenue and $12 in EBITDA. Results were $123 in revenue and $20 in EBITDA. Cash flow also feeling that positive trend.

This one is not for the faint of heart given the declining customer base (see below) but one might take a bet this turn will result in a bottoming that then allows the marketing engine to turn back on. Disclosure: I continue to own a long position in Groupon $GRPN.