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Mar 31, 2023
Groupon Q1 2023 Earnings Report
Reported first quarter results and outlined steps to execute transformation plan.
Key Takeaways
Groupon's Q1 2023 results revealed serious business challenges, with a global revenue of $121.6 million and a net loss of $28.6 million. The company is focused on executing a transformation plan to rebuild and reposition itself for future growth, aiming to remove $250 million of annualized costs by the end of 2023. International Active Local Customers Grew Year-Over-Year for 5th Consecutive Quarter
Global revenue reached $121.6 million.
Global billings amounted to $396.4 million.
Net loss was $28.6 million.
Adjusted EBITDA was negative $4.9 million.
Groupon
Groupon
Groupon Revenue by Geographic Location
Revenue by Geographic Location
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
The call will contain forward-looking statements and other material information regarding our financial and operating results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income