secwatch.observer — SEC 8-K summary
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Issuer:     Groupon, Inc. (GRPN)
CIK:        0001490281
Form:       8-K
Filed at:   2022-08-08T23:59:59+00:00
Accession:  0001490281-22-000112
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490281/000149028122000112/0001490281-22-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490281/000149028122000112/grpn-20220808.htm
  HTML page:      https://secwatch.observer/filing/0001490281-22-000112

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer