---
schema_version: "secwatch.filing_event.v1"
accession: "0001490281-23-000023"
form_type: "8-K"
ticker: "GRPN"
cik: "0001490281"
company_name: "Groupon, Inc."
filed_at: "2023-03-16T23:59:59+00:00"
generated_at: "2026-06-18T00:27:03.000915+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001490281-23-000023
- form_type: 8-K
- ticker: GRPN
- cik: 0001490281
- company_name: Groupon, Inc.
- filed_at: 2023-03-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1490281/000149028123000023/0001490281-23-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1490281/000149028123000023/grpn-20230316.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001490281-23-000023
- JSON: https://secwatch.observer/filing/0001490281-23-000023.json
- Plain text: https://secwatch.observer/filing/0001490281-23-000023.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1490281/000149028123000023/0001490281-23-000023-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1490281/000149028123000023/0001490281-23-000023-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.