Groupon Q1 Earnings Below Expectations; Cuts FY Guidance

Montag, 09.05.2022 22:15 von PLX

• (PLX AI) – Groupon Q1 revenue USD 153.3 million vs. estimate USD 166 million.
• • Q1 adjusted EBITDA USD -7 million vs. estimate USD 1 million
• • Groupon Exited Q1 with $403.0 million in cash
• • Outlook FY revenue USD 670-700 million
• • Outlook FY adjusted EBITDA USD 60-80 million, cut from "more than USD 112 million" previously
• • Says in Q1 with demand high, and capacity low, merchants simply did not need to leverage discounting as much as we expected