{"schema_version":"secwatch.filing_event.v1","accession":"0001490281-23-000054","form_type":"8-K","ticker":"GRPN","cik":"0001490281","company_name":"Groupon, Inc.","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.025372+00:00","generated_at":"2026-06-15T06:13:28.408667+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Groupon Q1 revenue $121.6M (-21% YoY); net loss $28.6M; transformation plan targets $250M cost cuts","bullets":["Global revenue $121.6M, down 21% YoY; Local revenue $106.6M, down 18%.","Net loss $28.6M; adjusted EBITDA -$4.9M; cash $163.8M with $47.7M revolver drawn.","North America active customers down 22% YoY to 10.9M; International active Local customers up 2% YoY.","On track to exit 2023 with $250M annualized cost savings; non-GAAP SG&A run-rate target $290M.","Interim CEO outlines transformation plan: fix supply, improve product, tune marketing; expects Local billings growth by early 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001490281-23-000054","json":"https://secwatch.observer/filing/0001490281-23-000054.json","markdown":"https://secwatch.observer/filing/0001490281-23-000054.md","text":"https://secwatch.observer/filing/0001490281-23-000054.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1490281/000149028123000054/0001490281-23-000054-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1490281/000149028123000054/grpn-20230510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T06:13:28.408667+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b9e2310611af0fa2ff40800689afff85625d7be2","claim":"Groupon, Inc. reported first quarter ended March 31, 2023 results: revenue $121.6 million, net income $28.6 million, EPS $0.95 loss per diluted share.","evidence_excerpt":"• Revenue was $121.6 million in the first quarter 2023, down 21% (19% FX-neutral). Local revenue was $106.6 million in the first quarter 2023, down 18% (17% FX-neutral). • Gross profit was $104.7 million in the first quarter 2023, down 22% (21% FX-neutral). • Marketing expense was $24.8 million, or 24% of gross profit, in the first quarter 2023, compared with $39.4 million in the first quarter 2022. The decline in Marketing expense was driven by traffic declines and lower investment in online marketing spend. • SG&A was $101.6 million in the first quarter 2023, compared with $126.4 million in the prior year, primarily driven by a decrease in payroll costs as a result of our cost saving actions. • Net loss was $28.6 million in the first quarter 2023 compared with $34.4 million in the prior year. • Net loss attributable to common stockholders in the first quarter 2023 was $29.1 million, or $0.95 loss per diluted share, compared with $34.9 million, or $1.17 loss per diluted share, in","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1490281/000149028123000054/0001490281-23-000054-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$121.6 million"},{"label":"Net income","value":"$28.6 million"},{"label":"EPS","value":"$0.95 loss per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}