Groupon Reports Second Quarter 2023 Results

Transformation Plan Tracking to Expectations

Returned to Positive EBITDA Generation

Refreshed Senior Leadership Team in Place

Chicago, Illinois--(Newsfile Corp. - August 9, 2023) - Groupon (NASDAQ: GRPN) today announced its financial results for the second quarter ended June 30, 2023. The company also filed its Form 10-Q with the Securities and Exchange Commission.

"After completing the first quarter as interim CEO, I have better visibility into how much work is waiting ahead and, at the same time, I can see that we are on the right path towards a successful transformation of the Company," said Duaan `enkypl, Interim CEO of Groupon. "While progress is not always linear and our business continues to be challenged, I am pleased to see sequential improvement in our financial performance. And though we continue to expect year-over-year revenue declines throughout 2023, we began to see improvements in the rate of decline during the second quarter, earlier than anticipated, and expect that trend to continue throughout 2023."

The second quarter 2023 earnings materials are posted on Groupon's Investor Relations site located at investor.groupon.com.

About Groupon

Groupon (www.groupon.com) (NASDAQ: GRPN) is a trusted local marketplace where consumers go to buy services and experiences that make life more interesting and deliver boundless value. To find out more about Groupon, please visit press.groupon.com.

Contacts:

Investor Relations
[email protected]

Public Relations
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/176612

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