Groupon Q4 results beat guidance; positive cash flow; going concern resolved

Groupon, Inc.

Q4 revenue $138M (-7% YoY); net income $28.5M vs net loss $54.2M last year.
Adjusted EBITDA $26.9M vs negative $5.3M; operating cash flow $54.5M; free cash flow $51.1M.
North America active customers down 9% YoY to 10.3M; International down 17% to 6.2M.
Full year revenue $515M (-14% YoY); net loss $52.9M improved from $234.4M loss in 2022.
Company states improved financial performance and increased liquidity resolves going concern issue.

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 0.9

Groupon, Inc. reported year ended December 31, 2023 results: revenue $514.9 million, net income ($52.9 million).

Period: year ended December 31, 2023
Revenue: $514.9 million
Net income: ($52.9 million)
Result: reported results

Exact text from the filing

Revenue was $514.9 million in 2023, down 14% (14% FX-neutral) compared with $599.1 million in 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Groupon, Inc. reported quarter ended December 31, 2023 results: revenue $137.7 million, net income $28.5 million.

Period: quarter ended December 31, 2023
Revenue: $137.7 million
Net income: $28.5 million
Result: reported results

Exact text from the filing

Revenue was $137.7 million in the fourth quarter 2023, down 7% (8% FX-neutral) compared with the prior year period.

View on SEC.gov

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Groupon, Inc. filing history →

Source: SEC EDGAR

accession 0001490281-24-000025

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