Groupon, Inc. reported a revenue of $124.7 million for the second quarter of 2026, a slight decrease from $125.7 million in the same period last year. For the first half of 2026, revenue totaled $241.9 million, down from $242.9 million in the prior year. The company experienced a net loss of $1.5 million for the quarter, compared to a profit of $20.6 million in Q2 2025. The loss attributable to Groupon, Inc. was $1.8 million, or $(0.04) per share, compared to a profit of $20.3 million, or $0.51 per share, in the previous year. The decline in profitability was attributed to increased operating expenses, which rose to $114.1 million from $101.4 million year-over-year, driven by higher marketing and restructuring costs.
In terms of operational metrics, Groupon's gross billings for the second quarter were $413.7 million, a decrease from $416.7 million in Q2 2025. The number of active customers increased to 16.1 million for the trailing twelve months ending June 30, 2026, compared to 15.8 million in the prior year. The company reported a total of 8.5 million units sold in Q2 2026, down from 9.1 million in Q2 2025. The North America segment saw a slight decline in gross billings, while the International segment reported a modest increase in local revenue, excluding the impact of the divested Giftcloud business.
Strategically, Groupon is undergoing a significant transformation as part of its 2026 Restructuring Plan, which aims to align the company with an AI-native operating model. This plan includes a reduction of up to 400 positions globally, with expected pre-tax charges of $7 million to $13 million. The company anticipates annualized cost savings of $20 million to $25 million from these actions, with a portion reinvested into marketing and AI infrastructure. The restructuring is part of a broader initiative, Project Foundry, which seeks to embed AI capabilities across the organization.
Groupon's cash and cash equivalents stood at $226.3 million as of June 30, 2026, down from $296.1 million at the end of 2025. The company reported a net cash provided by operating activities of $8.2 million for the first half of 2026, a significant decrease from $28.4 million in the same period last year. The decline was primarily due to a decrease in accrued merchant and supplier payables. Looking ahead, Groupon expects to continue its focus on enhancing its marketplace offerings and improving operational efficiency, while navigating the challenges posed by macroeconomic conditions and competitive pressures.
About Groupon, Inc.
Groupon is a global marketplace connecting consumers with merchants across local experiences, goods, and travel. It earns revenue through commissions on third-party sales and digital coupons. The company focuses on building long-term merchant relationships, enhancing customer experience via technology and marketing, and expanding mobile access. Its core value lies in offering curated deals, local services, and travel options through a trusted platform.
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