Groupon Issues Second Quarter Earnings Release

Local billings of $361 million, up 5% (FX-neutral) from the first quarter

Announces plan to lower annual expenses by $150 million; Executing turnaround strategy

Reiterates 2023 Financial Targets

CHICAGO--(BUSINESS WIRE)-- Groupon (NASDAQ: GRPN) issued its second quarter earnings press release today and announced a plan to lower annual expenses and outlined progress on the company’s turnaround strategy.

The second quarter 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 https://about.groupon.com/press.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220808005699/en/

Investor Relations Contact(s):
Jennifer Beugelmans
Jordan Kever
Megan Petrous
[email protected]

Media Relations Contact:
Nick Halliwell
[email protected]

Source: Groupon

You May Also Be Interested In

• Tesla touts acceleration of new models, but Q1 results fall short of estimates
• Melanie McFaddin with Wiley Bros – Aintree Capital &Partners, LLC Represents Theoris, Inc. in its Acquisition by CoreTech Consulting Group, LLC
• Butterfield Reports First Quarter 2024 Results