secwatch.observer — SEC 8-K summary
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Issuer:     Groupon, Inc. (GRPN)
CIK:        0001490281
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0001490281-23-000023
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490281/000149028123000023/0001490281-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490281/000149028123000023/grpn-20230316.htm
  HTML page:      https://secwatch.observer/filing/0001490281-23-000023

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