Page 1

● ● ● ● Groupon Reports Third Quarter 2021 Results North America Local Billings Up 38 % Year - Over - Year Global Billings of $ 553 million Revenue of $ 214 million Net income attributable to common stockholders of $ 78 million Adjusted EBITDA of $ 35 million CHICAGO- November 5 , 2021 - Groupon , Inc. ( NASDAQ : GRPN ) today announced its financial results for the third quarter ended September 30 , 2021 and provided details on its recent operating progress . The company filed its Form 10 - Q with the Securities and Exchange Commission and posted an updated presentation on its investor relations website ( investor.groupon.com ) . " Throughout 2021 , we have made meaningful progress expanding our Local inventory and improving the merchant experience . During the third quarter we grew our high value , active Local customer base , drove unit growth for customers who engaged with our restriction - free Deals , and demonstrated our ability to impact customer demand , " said Aaron Cooper , Interim CEO of Groupon . " As a result , despite the impact from the Delta variant we generated $ 553 million in global billings , of which approximately 76 % were Local billings , $ 214 million in revenue and $ 35 million of adjusted EBITDA . We believe these are solid indicators that we remain on the path to recovery and that we are taking the right steps to transform our marketplace into the destination for Local in 2022 and beyond . Merchants are choosing to work with Groupon in new ways and consumers are beginning to respond . " Operational Highlights We continue to make progress on our two strategic priorities - expanding inventory and modernizing our marketplace : Increased the amount of Deal inventory in North America that is repeatable to more than 75 % and remain on track to hit our goal of 80 % by year - end Grew listings per Beauty and Wellness merchant in North America by over 30 % since the launch of Offers Drove strong merchant adoption of self - service ; over 50 % of Deals launched in North America were done via self - service during the quarter Launched ' Grab Life by the Groupon ' brand repositioning campaign Grew North America active Local customer base 4 % r - over - quarter Outlook For the full year 2021 , we are updating our Adjusted EBITDA guidance to a range of $ 130 million to $ 135 million and our revenue guidance to a range of $ 950 million to $ 975 million . Third Quarter 2021 Summary