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
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
ir@groupon.com
Media Relations Contact:
Nick Halliwell
press@groupon.com