GRPN

EX-99.1

2 a2026q38-kxexhibit991.htm

EX-99.1

Document

Groupon Reports Third Quarter 2026 Results

Global Revenue up 2% and Billings up 6%

Loss from continuing operations was $0.8 million and Adjusted EBITDA was $14.7 million

Groupon relaunched LivingSocial as an agent-first experience marketplace and its lab for agentic commerce, helping local experience operators prepare for discovery and booking through AI agents

CHICAGO - November 9, 2026 - Groupon, Inc. (NASDAQ: GRPN) today announced its financial results for the third quarter ended September 30, 2026. Results and a shareholder letter for the third quarter are posted on Groupon's Investor Relations site (investor.groupon.com). The Company has also filed its Form 10-Q with the Securities and Exchange Commission.

"Q3 was a consequential quarter for how Groupon operates," said Dusan Senkypl, Chief Executive Officer of Groupon. "We continued strengthening our operating leadership, accelerated our investments in agentic commerce through the relaunch of LivingSocial, and moved more of our work onto FoundryAI, the AI platform we are building for the company. As AI takes more of daily life online, we believe the best things in life will increasingly happen offline. Our mission is to get people offline through quality local experiences at a great value."

Third Quarter 2026 Highlights

•Global Revenue up 2% and Billings up 6% (up 6% FX-neutral) year-over-year.

•North America Local Revenue was flat and Local Billings up 4%, driven by strength in Things to Do and our Enterprise channel, and growth in our paid and organic channels.

•International Local Revenue up 12% and Local Billings up 11% (up 12% FX-neutral), driven by an expansion of seasonally relevant supply in major International cities, led by Health, Beauty & Wellness and Things to Do, and growth in our paid and organic channels.

•Active customers were 16.2 million, roughly flat year-over-year, as 4% growth in International offset a 1% decline in North America.

•Unit sales were 9.0 million, down 2% year-over-year, reflecting lower transaction volume in North America, partially offset by growth in International. Average order value increased 8% as customers purchased higher-value offerings.

•Loss from continuing operations was $0.8 million, compared with a loss from continuing operations of $117.8 million in the prior year period.

•Adjusted EBITDA, a non-GAAP financial measure, was positive $14.7 million, compared with positive $17.5 million in the prior year period.

•Operating cash outflow from continuing operations was $43.2 million and free cash flow, a non-GAAP financial measure, was negative $45.8 million.

•Cash and cash equivalents as of September 30, 2026 were $177.4 million.

•The payroll actions under the 2026 Restructuring Plan are estimated to result in $20.0 million to $25.0 million in annualized cost savings. The Company estimates total pre-tax charges of $7.0 million to $10.0 million, with a majority of the related headcount reductions having occurred by the end of the third quarter.

•Project Foundry, our project to redesign how Groupon works as an AI-native company, continues to drive meaningful change throughout our organization. In Q3, we launched FoundryAI (FAI), our internal AI platform designed to centralize company data, tools and skills and enable teams to share AI capabilities across the organization. The majority of our employees have moved onto the platform, and we expect FAI to become the default way our teams work by the end of 2026.

•On October 15, we relaunched LivingSocial as an agent-first experience marketplace and our lab for agentic commerce, opening in public preview with more than 50,000 local experiences across the United States.

Definitions and reconciliations of all non-GAAP financial measures and additional information regarding operating measures are included below in the section titled "Non-GAAP Financial Measures and Operating Metrics" and in the accompanying tables.

2026 Outlook1

For the fourth quarter and full year 2026, the Company expects:

As of November 9, 2026Q4 2026 Guidance2026 Guidance

Low-endHigh-endLow-endHigh-end

Billings+4%+6%+3%

Revenue$133M$136M$500M$503M

flat+2%flat+1%

Adjusted EBITDA$18M$23M$60M$65M

Free Cash FlowPositiveAt Least $40M

1 We do not provide a reconciliation for non-GAAP estimates on a forward-looking basis where we are unable to provide a meaningful calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing or amount of various items that would impact the most directly comparable forward-looking U.S. GAAP financial measure that have not yet occurred, are out of the Company’s control and/or cannot be reasonably predicted. Forward-looking non-GAAP financial measures provided without the most directly comparable U.S. GAAP financial measures may vary materially from the corresponding U.S. GAAP

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