Groupon posts Q4 net loss $54M; revenue down 34% YoY; withdraws FY2023 guidance

Groupon, Inc.

Q4 revenue $148.2M (-34% YoY); net loss $54.2M vs net income $30.3M a year ago.
Full-year net loss $234.4M; adjusted EBITDA -$15.1M vs +$143.2M in 2021.
Restructuring: targeting $250M annualized cost cuts; eliminating ~500 positions.
Board disappointed with results; withdrew FY2023 adjusted EBITDA and FCF guidance.
End of year cash $281.3M; Q1 2023 adj. EBITDA guidance -$10M to -$5M.

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 0.9

Groupon, Inc. reported fiscal year ended December 31, 2022 results: revenue $599 million, net income $234 million.

Period: fiscal year ended December 31, 2022
Revenue: $599 million
Net income: $234 million
Result: reported results

Exact text from the filing

Fourth quarter revenue of $148 million; $599 million for full year • Fourth quarter billings of $468 million; $1.8 billion for full year • Fourth quarter net loss of $54 million; net loss of $234 million for full year • Fourth quarter adjusted EBITDA of negative $5 million; negative $15 million for full year • Ended the year with $281 million in cash • Generated $10 million in free cash flow during the fourth quarter

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Groupon, Inc. reported fiscal quarter ended December 31, 2022 results: revenue $148 million, net income $54 million.

Period: fiscal quarter ended December 31, 2022
Revenue: $148 million
Net income: $54 million
Result: reported results

Exact text from the filing

Fourth quarter revenue of $148 million; $599 million for full year • Fourth quarter billings of $468 million; $1.8 billion for full year • Fourth quarter net loss of $54 million; net loss of $234 million for full year • Fourth quarter adjusted EBITDA of negative $5 million; negative $15 million for full year • Ended the year with $281 million in cash • Generated $10 million in free cash flow during the fourth quarter

View on SEC.gov

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Groupon, Inc. filing history →

Source: SEC EDGAR

accession 0001490281-23-000023

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