Groupon Issues Fourth Quarter and Full Year 2021 Earnings Release

Rhea-AI Summary

Groupon (NASDAQ:GRPN) reported a 32% year-over-year growth in local billings for Q4 2021, demonstrating resilience despite challenges posed by the Omicron variant. This performance highlights the company’s ongoing ability to connect consumers with local businesses effectively. The financial results, including full-year metrics, are available on Groupon’s Investor Relations site.

Positive

• 32% year-over-year growth in Q4 2021 local billings

Negative

• None.

Grew fourth quarter North America local billings year-over-year despite the impact of Omicron variant

CHICAGO--(BUSINESS WIRE)-- Groupon (NASDAQ:GRPN) issued its fourth quarter and full year 2021 earnings release today, which included 32% year-over-year growth in fourth quarter North America local billings.

The fourth quarter and full year 2021 earnings materials are posted on Groupon’s Investor Relations site located at investor.groupon.com.

About Groupon

Groupon (www.groupon.com) (NASDAQ: GRPN) is an experiences marketplace where consumers discover fun things to do and local businesses thrive. For our customers, this means giving them an amazing selection of experiences at great values. For our merchants, this means making it easy for them to partner with Groupon and reach millions of consumers around the world. To find out more about Groupon, please visit press.groupon.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220228005775/en/

Investor Relations Contact(s):

Jennifer Beugelmans

Jordan Kever

Megan Petrous

ir@groupon.com

Media Relations Contact:

Nick Halliwell

press@groupon.com

Source: Groupon

FAQ

What were Groupon's Q4 2021 local billings?

Groupon reported a 32% year-over-year growth in local billings for Q4 2021.

How did the Omicron variant affect Groupon's financial performance?

Despite the challenges posed by the Omicron variant, Groupon still achieved significant growth in local billings.

Where can I find Groupon's full year 2021 earnings report?

The full year 2021 earnings report is available on Groupon's Investor Relations site.