Groupon Q3 2020 Earnings Report
Key Takeaways
Groupon reported Q3 2020 revenue of $304 million and a net loss of $16.3 million, but adjusted EBITDA was $31 million, exceeding company expectations. The company focused on expanding inventory and modernizing the marketplace, leading to sequential growth in local revenue compared to Q2. Groupon is restructuring to reduce costs and is focusing on long-term growth.
Revenue reached $304 million, with a gross profit of $160 million.
Loss from continuing operations was $17 million.
Adjusted EBITDA was $31 million.
Ended the quarter with $779 million in cash.
Groupon
Groupon
Groupon Revenue by Segment
Groupon Revenue by Geographic Location
Forward Guidance
Groupon expects to realize approximately $140 million in savings from restructuring actions and furloughs for 2020 and approximately $200 million in savings from restructuring actions for 2021. The multi-phase restructuring plan is expected to deliver approximately $225 million in annualized fixed cost savings once fully implemented.
Revenue & Expenses
Visualization of income flow from segment revenue to net income