NASDAQ$GRPN

Groupon Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced fourth quarter and fiscal year 2022 results, highlighting local billings growth and cost reduction efforts.

Groupon's Q4 2022 results showed a revenue of $148 million and a net loss of $54 million. The company is focused on a transformation strategy, aiming to improve inventory, reduce marketing spend, and streamline costs.

  • Fourth quarter revenue was $148 million.
  • Fourth quarter billings reached $468 million.
  • The company experienced a net loss of $54 million in the fourth quarter.
  • Groupon generated $10 million in free cash flow during the fourth quarter.

Headline financials

Total Revenue

$148M

Previous: $223M-33.6%
EPS (adj)

-$0.38

Previous: $0.18-311.1%
Active Customers

18.8M

Previous: 23.3M-19.3%
Capital Expenditures

$5.67M

Previous: $11.8M-51.8%
Free Cash Flow

$10.2M

Previous: $19.2M-46.9%
Net Income

-$54.2M

Previous: $30M-280.7%
Operating Income

-$32.8M

Previous: $2.28M-1539.1%
Gross Profit

$129M

Previous: $195M-33.7%
Cash & Equivalents

$281M

Previous: $499M-43.6%
Total Assets

$793M

Previous: $1.16B-31.5%
Stock-Based Comp

$5.81M

Previous: $8.05M-27.8%

Revenue & EPS history

Groupon · Revenue · Quarterly

$148M

Q4 2022-33.6%vs Q4 2021
Beat estimate in 7 of 15 quarters(47%)
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

Groupon provided first quarter 2023 outlook, expecting adjusted EBITDA to be between negative $10 million and negative $5 million.

Tailwinds

  • Reallocating some marketing spend to lower-funnel performance marketing channels
  • Continue to invest in marketing overall if we see opportunities to drive attractive returns

Headwinds

  • Uncertain macroeconomic environment
  • Significant cash outflows are anticipated in the first quarter 2023

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 2022

Historical avgQ4 2022

-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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