Groupon Q2 net loss $90.3M; rev -42% to $153.2M; plans $150M cost cuts; withdraws 2022 guidance

Groupon, Inc.

2022-Q2 EPS reported -$4.21 revenue$306,536,000

Net loss $90.3M vs $3.1M loss Q2 2021; GAAP EPS -$3.04 vs -$0.12 prior year.
Revenue $153.2M down 42% YoY (41% FX-neutral); Local revenue $133.6M down 26%.
Adjusted EBITDA $5.7M vs $41.0M prior year; announces $150M annual cost reduction plan, expects $10-20M restructuring costs.
Withdraws full-year 2022 revenue/EBITDA guidance; reiterates 2023 targets: $100M FCF, 15-20% Adj. EBITDA margin.
Cash $315.6M at June 30; $60M drawn on revolver; owns 2.29% stake in SumUp valued at $8.5B enterprise.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.