---
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"
generated_at: "2026-06-15T06:13:28.408667+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Groupon Q1 revenue $121.6M (-21% YoY); net loss $28.6M; transformation plan targets $250M cost cuts

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001490281-23-000054
- JSON: https://secwatch.observer/filing/0001490281-23-000054.json
- Plain text: https://secwatch.observer/filing/0001490281-23-000054.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2023
  - Revenue: $121.6 million
  - Net income: $28.6 million
  - EPS: $0.95 loss per diluted share
  - Result: reported results
  source text: • 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_url: https://www.sec.gov/Archives/edgar/data/1490281/000149028123000054/0001490281-23-000054-index.htm

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