Groupon Q3 revenue falls 12% to $126.5M; Adjusted EBITDA turns positive at $18.2M

Groupon, Inc.

2023-Q3 EPS reported -$2.68 revenue$377,194,000

Net loss improved to $40.8M from $55.5M; non-GAAP EPS $0.12 vs -$0.68 loss.
North America Local Billings grew 5% YoY, but total revenue down 12% on engagement declines.
Adjusted EBITDA $18.2M vs -$8.6M; free cash outflow improved sequentially.
Active customers dropped to 10.5M in NA (-15% YoY) and 6.6M intl (-17% YoY).
Plans to strengthen liquidity by ~$100M; cash $86.1M with $46.7M revolver drawn.

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