Groupon expects Q4 results near/above guidance high-end; reaffirms 2024 outlook

Groupon, Inc.

2023-FY EPS reported -$1.77 revenue$514,910,000

Expects Q4 2023 revenue and Adjusted EBITDA close to or above high-end of prior guidance.
Q4 2023 Free Cash Flow expected positive; year-end cash $141M, restricted cash $26M.
Paid down $3.9M on revolver in Q4; received $18.9M from SumUp investment sale.
Reaffirms 2024 outlook: revenue growth -5% to 0% YoY, Adjusted EBITDA $80-100M, positive full-year FCF.
Notes Q1 2024 FCF expected negative due to seasonal merchant payable timing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Groupon, Inc. updated its fourth quarter ended December 31, 2023 guidance (raised).

Period: fourth quarter ended December 31, 2023
Guidance: raised
Result: preliminary results

Exact text from the filing

Groupon, Inc. (the “Company”) issued a press release providing a business update and announcing selected preliminary unaudited financial information for its fourth quarter ended December 31, 2023.

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Groupon, Inc. filing history →

Source: SEC EDGAR

accession 0001490281-24-000004

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