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Sep 30, 2022
Groupon Q3 2022 Earnings Report
Reported third quarter results, making progress on turnaround strategy with local category stable and expanded food & dining inventory.
Key Takeaways
Groupon's Q3 2022 results show progress in their turnaround strategy, with a stable local category and expansion in food & dining inventory. The company is on track to reduce its cost structure by $150 million and expects to generate free cash flow in Q4.
Global revenue reached $144.4 million.
Global billings amounted to $433.9 million.
Net loss was $55.5 million.
Adjusted EBITDA was negative $8.6 million.
Revenue by Geographic Location
Forward Guidance
Groupon is reiterating its targets for 2023, including $100 million in annual free cash flow and a 15-20% Adjusted EBITDA margin. They also expect to generate positive free cash flow every quarter, starting in the fourth quarter of 2022.
Positive Outlook
- Targeting $100 million in annual free cash flow in 2023.
- Aiming for 15-20% Adjusted EBITDA margin in full year 2023.
- Creating a business model to generate positive free cash flow every quarter, starting in the fourth quarter of 2022.
- Assuming Global Local Billings are 60% of 2019 Billings for Full Year 2023.
- On track to reduce cost structure by $150 million annually
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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