Groupon Q3 net loss $55.5M vs profit; revenue down 33% to $144.4M; Adj EBITDA -$8.6M

Groupon, Inc.

2022-Q3 EPS reported -$6.06 revenue$450,926,000

Global revenue $144.4M (-33% YoY); net loss $55.5M vs net income $78.7M prior year.
Adjusted EBITDA negative $8.6M vs positive $34.6M YoY; non-GAAP EPS loss $0.68.
NA active customers 12.3M (-18% YoY); Intl active customers 7.9M (-13%).
Cost structure reduction target: $150M annual run-rate by end 2023; additional $50M savings goal.
Expects Q4 2022 free cash flow positive; 2023 targets: $100M FCF, 15-20% Adj EBITDA margin.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Groupon, Inc. reported the third quarter ended September 30, 2022 results: revenue $144.4 million, net income Net loss of $55.5 million. Guidance reaffirmed.

Period: the third quarter ended September 30, 2022
Revenue: $144.4 million
Net income: Net loss of $55.5 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Flow in the Fourth Quarter On Track to Reduce Cost Structure by $150 million As Previously Announced, Jan Barta of Pale Fire Capital Joins Board of Directors • Global revenue of $144.4 million • Global billings of $433.9 million • Net loss of $55.5 million • Adjusted EBITDA of negative $8.6 million • Exited Q3 with $308.0 million in cash CHICAGO - November 7, 2022 -

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Source: SEC EDGAR

accession 0001490281-22-000138

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