Groupon Q1 Billings Fall 1% While International Revenue Jumps 10%
Q1 revenue was flat and billings declined 1% year-over-year (3% FX-neutral), with North America Local revenue down 1% (billings +2%) and International Local revenue up 10% (billings –3% or +14% ex-Giftcloud). Net loss was $12.6M versus $8M profit, adjusted EBITDA $12.8M, cash $225.5M, $21.3M share buybacks.
1. Q1 Financial Results
Groupon's Q1 2026 global revenue was flat year-over-year, while total billings declined 1% (3% FX-neutral). North America Local revenue fell 1% as billings rose 2%, and International Local revenue increased 10% with billings down 3% (or up 14% excluding Giftcloud).
2. Profitability Metrics
The company recorded a net loss of $12.6 million versus a $8.0 million profit in Q1 2025, while adjusted EBITDA stood at $12.8 million compared to $15.3 million a year earlier. Active customers grew 5% to 16.2 million, but unit sales dropped 5% to 8.1 million.
3. Cash and Buybacks
Cash and cash equivalents totaled $225.5 million at quarter end. Groupon repurchased 1.94 million shares for $21.3 million during Q1 and an additional 859,860 shares for $10.1 million in early April.
4. AI Strategy and Outlook
Management outlined Q2 billings guidance flat to +2% and full-year billings growth of 3%–5%, with revenue forecasts of $126M–$128M in Q2 and $513M–$523M for 2026. The company is advancing Project Foundry to embed AI agents across operations.