NASDAQ$GRPN

Groupon Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported solid financial results, growing local billings and local customers sequentially, and returning to cash generation.

Groupon's Q4 2021 results showed a decrease in revenue to $223 million, but net income increased to $30 million. The company returned to cash flow generation with $19 million in free cash flow and ended the year with nearly $499 million in cash.

  • North America Local Billings grew 32% year-over-year despite impact of Omicron variant.
  • Fourth quarter revenue of $223 million; $967 million for full year.
  • Fourth quarter global billings of $621 million; $2.3 billion for full year.
  • Returned to cash flow generation in the fourth quarter.

Headline financials

Total Revenue

$223M

Previous: $343M-34.9%
EPS (adj)

$0.18

Previous: $0.51-64.7%
Active Customers

23.3M

No prior period
Adjusted EBITDA

$37.3M

Previous: $40.1M-6.9%
Capital Expenditures

$11.8M

Previous: $12M-2.4%
Free Cash Flow

$19.2M

Previous: $68.9M-72.1%
Net Income

$30M

Previous: $14M+114.3%
Operating Income

$2.28M

Previous: $9.06M-74.8%
Gross Profit

$195M

Previous: $179M+8.9%
Cash & Equivalents

$499M

Previous: $851M-41.4%
Total Assets

$1.16B

Previous: $1.41B-18.0%
Stock-Based Comp

$8.05M

Previous: $8.07M-0.3%

Revenue & EPS history

Groupon · Revenue · Quarterly

$223M

Q4 2021-34.9%vs Q4 2020
Beat estimate in 3 of 16 quarters(19%)
ActualEstimate

Revenue by segment

Groupon · $214M total across 3 segments · Q3 2021

  • Local
    $175M+29.7%
  • Goods
    $30.3M-81.2%
  • Travel
    $8.71M+10.4%

Forward guidance

For the first quarter 2022, Groupon expects to deliver breakeven adjusted EBITDA and $160 million to $170 million of revenue. For the full year 2022, Groupon expects Local billings recovery to accelerate throughout the year in both North America and International. Regarding adjusted EBITDA, we expect to deliver more than $112 million.

Tailwinds

  • Local billings recovery to accelerate throughout the year in both North America and International.
  • Expect to deliver more than $112 million adjusted EBITDA for full year 2022.
  • Expects breakeven adjusted EBITDA for Q1 2022.
  • Expects $160 million to $170 million of revenue for Q1 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

-3.0%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+3.9%

Avg return

30 days after

37%

23 / 62 earnings

Positive

+55.8%

Q2 2020

Best reaction

-39.9%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.6%+9.9%+3.8%
Q4 2025-4.2%-11.1%+2.4%
Q3 2025-5.0%+0.4%-6.1%
Q1 2025+42.6%+55.8%+94.0%
Q4 2024+43.1%+63.6%+95.0%
Q3 2024-29.8%-31.0%+0.8%
Q2 2024-22.2%-32.5%-18.9%
Q1 2024+20.9%+57.4%+32.2%
Q4 2023-21.0%-17.9%-42.9%
Q3 2023-36.6%-31.0%-18.7%
Q2 2023-7.9%+18.4%+45.9%
Q1 2023-9.3%-16.1%+42.2%
Q4 2022-19.8%-17.5%-26.5%
Q3 2022+26.9%+42.9%+3.0%
Q2 2022-2.0%-0.9%-15.2%
Q1 2022-16.7%-10.3%-0.5%
Q4 2021-12.8%-26.0%-16.2%
Q3 2021+14.6%+10.3%-15.5%
Q2 2021-14.6%-24.9%-36.6%
Q1 2021-2.0%-2.5%-10.1%
Q4 2020+12.6%+49.4%+23.5%
Q3 2020+4.2%+7.7%+61.5%
Q2 2020+55.8%+53.6%+99.8%
Q1 2020-11.0%-10.7%-26.9%
Q4 2019-39.9%-41.7%-80.2%
Q3 2019+4.5%+2.4%+1.0%
Q2 2019-9.0%-9.8%-28.0%
Q1 2019+3.1%+1.7%-0.8%
Q4 2018-6.1%-6.9%-9.6%
Q3 2018-8.0%-10.1%-4.9%
Q2 2018-3.4%-6.8%-9.9%
Q1 2018+7.0%+5.2%-3.1%
Q4 2017-12.1%-13.3%-11.5%
Q3 2017+10.5%+14.9%+18.0%
Q2 2017+10.1%+6.5%+14.5%
Q1 2017-14.3%-11.3%-24.3%
Q4 2016+22.5%+23.3%+7.9%
Q3 2016-22.9%-25.0%-22.7%
Q2 2016+24.6%+27.6%+37.6%
Q1 2016-21.5%
Q4 2015+28.4%
Q3 2015-22.5%
Q2 2015-8.3%
Q1 2015-10.2%
Q4 2014+5.1%
Q3 2014+26.3%
Q2 2014-12.1%
Q1 2014-22.6%
Q4 2013-19.9%
Q3 2013+1.0%
Q2 2013+21.8%
Q1 2013+15.6%
Q4 2012-18.4%
Q3 2011-31.4%
Q3 2012-26.6%
Q2 2011-29.5%
Q2 2012-25.9%
Q1 2011+11.2%
Q1 2012+22.9%
Q4 2009-13.7%
Q4 2010-13.7%
Q4 2011-13.7%
Q3 2010
Q2 2010
Q1 2010

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